Considering Buying an EC in 2023? 🏡

If you're navigating the world of Executive Condominiums (ECs) and wondering if they're still a viable option in 2023, this video is for you. I'll break down 5 crucial points that might reshape your perspective on buying an EC.

🔔 Don't forget to hit the Subscribe button and share your thoughts in the comments below as we explore the nuances EC ownership in general.

In this video, we delve into some key considerations that might impact your decision-making process:

1. Income Ceiling Matters
For potential EC buyers, understanding the income ceiling is paramount.

2. Resale Levy – An Overlooked Aspect
A significant factor, especially for those transitioning from BTO flats. We shed light on this potential cost and its implications for your financial planning.

3. MSR – Mortgage Servicing Ratio Demystified
If the term MSR sounds unfamiliar, don't worry, it's pretty simple.

4. Maximum Mortgage?
A uniquely EC phenomenon.

5. Crunching Downpayment Numbers
What goes into the downpayment calculation for ECs. Breakdown of the figures using Altura EC as an example and explore the financial aspects you need to prepare for.

🔑 Bonus Point – Navigating Resale Levy Concerns**
Is there a way to avoid paying the resale levy? A common query and an alternative approach for those seeking to sidestep this levy.

My personal perspective on whether buying an EC in 2023 is still a sensible move. Our insights touch on the potential for capital appreciation, future income ceiling adjustments, and the evolving dynamics of the EC market.

Curious to explore the world of ECs further? Connect with me at 9800 6383.

Source of Data : SoReal / SRX / Huttons Analyzer / HDB
Disclaimer : Information accurate as of upload date and subject to availability.
Taufiq Corvin
Contact: 9800 6383
CEA No: R060478C
Huttons Asia Pte Ltd

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