Tag Archives: real estate

Finding The Right Home For You and Your Family

real estate investmentA beautiful single family home, that could serve as a fantastic home for a family with children, is available in Telford Pennsylvania. In the highly desirable Souderton school district, this house offers three bedrooms, a large family room, a dining room that leads to an oversized deck, and a fully finished basement. The house has many new qualities about it; new carpet, new roof, new kitchen sink and countertops and a new HVAC system.

There are three bedrooms with two of the bedrooms large enough to serve as the master. One of the first things you will notice when you pull up into the spacious 3 card driveway are the French doors that open up into a bonus room, which could be changed to a home office or a forth bedroom, or back into a garage.

The house has fantastic views of wildlife and farmland off the oversized deck. The bonus land out back makes for a great night surrounding the fire pit with friends. The fence offers protection and ease for dogs to go outside without worry. The front yard cul-de-sac is amazing for kids who love to play with the neighborhood kids without the worry of thru traffic or speeding cars.

The generously sized finished basement offers kids to play inside safely and quietly, or could be used as a theater room with a big screen. The house is connected with CAT6 Ethernet wire in nearly each room so you can quickly and easily connect devices instead of using slow wireless internet.

The pull down stairs to the attic reveals nearly a full attic, with sturdy 5/8 inch flooring, with a ton of lighting, for storage of holiday decorations or seasonal clothes.

Other updates to the home include tile flooring for entry ways, new hardware on all the doors, including hinges, new paint in all rooms, new water saving toilers in each bathroom, stainless steel faucets for the bathrooms along with ceiling fans for each bedroom.
The new HVAC system lowers energy bills due to its efficiently and helps save the homeowners money. New windows installed upstairs keep the nursery nice, warm and comfortable. The outside landscape is beautiful landscaped with perennial plants that will keep coming back to make the house look beautiful.

Souderton Real Estate is now complete with this gem on the market. This house for sale won’t last long in Telford 18969 as it has been booked for many private viewings already. Visit 569 Coventry Circle FOR SALE now!

Video: Carolyn Young Real Estate – Growth & Development

Looking to buy some real estate, Carolyn Young Real Estate talks about comprehensive real estate growth & development. Watch this video below!

Finding the Top agents in Bradenton

forbesIf you are looking to sell your home then you will more than likely want a professional agent to advertise it for you. Although houses for sale are still featured in newspapers and in estate agent windows, very few people use them in comparison to those that use the internet. In doing so they are able to search for their first or next home without even leaving their current one. Without the right showcasing the first view of the property you are trying to sell could last literally seconds, which is why you need the top agents in Bradenton to help you.

Some people selling their property have already found their next home and need to get theirs sold faster so that they have the money to continue with their purchase. Houses that are not advertised properly can sit on the market for months and even years, which of course you will want to avoid.

Choose from a range of top agents in Bradenton rather than walking into an estate agent and having them choose you. With Forbes Property Group you are in control of who sells your house for you based on their previous expertise and success. The beauty of selling online is that you don’t have to wait weeks for property to be advertised as you would have years ago.

Selling a property can mean having different people visit your home on a regular basis only to find that they are not as keen as they first seemed. With video showcasing and the expertise of top agents in Bradenton potential buyers can see more of your property than with pictures alone meaning those that book for a viewing are more likely to make an offer. Less time off work and finding childcare/pet care is always a benefit to those that want as stress free sale as possible.

There are many more benefits to showcasing your property via video including the fact it is more likely to be found in search engines, which is of course the place most people look first to find their first or next property. Those that advertise via video will also be more likely to receive interest than those that don’t. Think of when you first bought a property and how when visiting something you didn’t notice in photographs really grabbed your attention. This is something that happens often.

Video ads are easier to remember than photograph and will help visitors to look around your home without you actually having to be there. Matching the property you are selling with buyers that have more information than ever before can increase the chance of you getting a fast sale at the price you want. The videos don’t have to be long and with the expertise of the agent you choose you will soon have a winning video that tells potential buyers everything they need to know. Why look around at all local estate agents when you can find the specifications of one without even needing to leave home. Finding the top agents in Bradenton has never been easier.

Watch the video below to learn more!

Double or single hung windows in Downriver Michigan?

Single Hung Windows in Downriver Michigan

If you are choosing which new hung windows to have installed in your property, then you should look at the pros and cons between double or single hung windows in Downriver Michigan. Both are made to high standards and have the energy efficiency you would expect from modern windows; however the differences between them may help you to make your final decision.

Personal preference is of course one of the first things that will help you make your decision, but there are other things to bear in mind too.

The double hung style have two sashes can be lifted up and down, which allows for more ventilation. Because both sashes lift in the double style this can make cleaning easier if you reside or have more than one floor to your property. Single hung windows in Downriver Michigan have just the one window so that will mean that you will need ladders to reach the top sash, but this will not make a difference if you already have a window cleaner that visits reguarly. This however will not be a disadvantage if they are to be installed on a single level building or are just to replace one or more on the ground floor.

If you have looked into getting new windows, whether for the entire property or to replace one, you may have held back due to price. Single sash windows in Downriver Michigan are cheaper than their counterparts meaning you won’t have to save for as long or take out more credit than you can afford to pay back. Many people that are building their own homes know that they are going to run into extra expenditures that they did not plan for along the way, which makes single sash windows a great way to complete the property without having to cut corners or go over budget.

If in the future a window is broken on single sash windows in Downriver Michigan, replacing one pane is not going to be as expensive. There are fewer parts to this kind making it cheaper to maintain in the long run. This is one reason why landlords and workplaces also make the choice of single hung windows Downriver Michigan. The windows are efficient, modern and comply with the security standards set out by insurance providers. The windows can still be purchased to fit bigger windows and as they don’t take as much time to install the time that someone needs to be at the property for installation is also cut.

Whichever you choose you won’t have to worry about energy efficiency as that is dependent on firstly the windows being closed and secondly on the window itself being made of the same material, therefore either choice won’t make a difference. Many people assume that cheaper means that it will  be of a lesser quality but it is the type of glass and the amount of layers that makes for better protection against weather. Please visit www.homewindowsmichigan.com for more information.

BANGKOK CONDOS REAL ESTATE AGENCY

bangkok rentalsYou are most likely to hear the name RENT BANGKOK CONDOS if you are in search of a real estate property. Rent Bangkok Condos is one of the most trusted and reputed real estate agencies in Bangkok. The company is considered to be the finest in their business. Rent Bangkok Condos are pioneers in sales property and rentals in Bangkok city.

The renowned real estate company specializes in sales and rentals of the finest apartments. The company covers all of the Bangkok. The real estate company not only deals with the property but deals in the development of the property. Rent Bangkok Condos has been a part of a long list of completed property projects in Bangkok.

The company also offers a unique service for people seeking assistance in real estate buying and selling, as the company website has a special section for articles related to buying and selling properties in Bangkok, helping people make decisions in a much more improved way.

RBC Team:

The company operates in a very professional way, the staff is well trained to deal with every type of clients. The RBC team can communicate in English, Thai and Japanese languages. The work rate and work ethics of the company are at the highest level. The team members make sure that the clients are satisfied in every manner. The company has a long array of satisfied customers with more and more people becoming a part of it.

The staff is highly professional and qualified, specifically handpicked people to match the demands of the business. All the staff members have a keen eye for perfection in the work. RBC Team understands the Bangkok market, its highs and lows.

Rent Bangkok Condos Portfolio:

The company’s dedication to the work has earned them a reputation of the highest level. The company has a very tempting sales and rental portfolio. The impressive portfolio makes it as one of the most capable and reliable Bangkok real estate agencies in the area.

Operational Areas:

The company operates in the entire Bangkok city.

  • Sathorn
  • Sukhumvit
  • Ladprao
  • Phaya Thai

Verdict:

If you are in search of buying or selling a property or you need to rent one, Rent Bangkok Condos is the ultimate choice. The name you can trust, the company that goes by its reputation.

Cheap Properties For Sale: All For Under €20,000

real estate investmentDid you ever dream of buying a house for the price of a used car?

Then you will be happy to know about this website that aims to list really cheap properties from all over the world.

www.propertyunder20k.com is a great website if you are looking for a bargain property or if you want to sell one. At the moment it lists over 600 properties for less than 20,000 in 22 countries — cheap properties for sale: all for under €20,000

One of the main features on the website is a google map that displays the location of the cheap properties including an advanced search, like that it is easy to find exactly what you are looking for.

It doesn´t matter if you are buying or selling a property, there is no charge to publish any amount of ads, for any alterations you may want to make or after you sell your property.

Why Advertise with Property under 20k?
There are great advantages to list you real estate on www.propertyunder20k.com. It is designed to advertise properties for sale at the lowest price all around the world. In fact, all properties listed on www.propertyunder20k.com will be selling at €20,000 or less.

Bargain hunters from all over the world are keen to see what you have to offer – you can be sure of the high visibility it will get.

If you want to sell your real estate for more than 20,000, you can list it the same way and it will be displayed in the 3 related websites: propertyunder50k.com, propertyunder99k.com, propertyandmoreproperty.com.

There is no lower or upper limit for the price you can ask for your property.

Anyone looking for a cheap property, a cheap home, a cheap land, an old ruin, a derelict building to restore, an apartment, an investment property or a property abroad will find lots to choose from.

The best thing is that it is for free to post your property ads. Just create an account and start selling!

To create your account you simply click on “My Properties” and follow the link to register to find cheap properties for sale: all for under €20,000. Fill the form to create your account. After you received an email from propertyunder20k.com and verified your email address you will be able to login to your account.

Then you just need to add your property ad: simply click on “Add Property” and you will be able to fill a form with all the details of your property including the upload of the main picture for your property. Your property advert will be immediately online.

Video: Playa Del Carmen Real Estate

Watch the below video to learn more about how to find real estate in Google. If you are looking for real estate in Playa Del Carmen this is for you

How to Choose a Great Neighborhood

homeRecently, our firm was contacted by a family looking for new homes for sale in Detroit Michigan. It was the family’s first home purchase, and they weren’t sure what to look for. While they had some desired qualities in mind such as two to three bedrooms, a garage, and a back yard, they weren’t certain how to choose a neighborhood or really evaluate whether a home was right for them. Experienced real estate agents offer the following tips to help families and other home buyers determine the right property for their needs.

Think about benefits, rather than features

Many homebuyers have a certain kneejerk reaction: “I want at least an acre of land” or “I need at least four bedrooms.” In some cases, this is based on real forethought. But in others, you’re thinking of the feature rather than the benefit. When you think about why you want an acre of land, it may be for privacy reasons. In many cases, it’s possible to get a house on a quarter acre of land with good tree coverage that’s more private than a strangely proportioned full acre. Or you might think to ask for a garage, only to realize what you really need is a workshop space. A finished basement or a specific outbuilding might be an equally viable feature that gets you the same benefit. The more you understand how you plan to use your space, the better prepared you’ll be the find creative solutions that meet those needs.

Get to know the vibe before you commit

Many homebuyers make the mistake of not spending enough time in a prospective neighborhood to get a “feel” for how it is to live there. Two busy city streets can each have a very different feeling. While one offers a friendly and upbeat vibe, another may simply be too frenetic and loud. The same can be said of suburban neighborhoods. There’s a big difference between the neighborhoods where families wave hello to each other and have block parties, and the ones where the Home Owner’s Association officials are measuring your yard with a ruler every Saturday. Everyone has a different vision for what their ideal home and immediate community looks like. Spend some time thinking about what that looks like for you, and try to get an independent sense of whether a prospective neighborhood can really deliver what you’re looking for.

Know the statistics

It’s also important to understand what the objective view of a neighborhood is. Have you taken the time to look at the crime levels, school quality, the sex offender registry, and any other important demographic data about your neighborhood? If possible, do this before you view a property. There’s nothing worse than falling in love with a house or putting in an offer, only to find out that it’s in a high crime region or you can’t live with the local school system. Do your due diligence beforehand. You might always be willing to make a trade off; for example, a great deal on a home might allow you to afford private school, for example. But the first step to making an informed decision is knowing what you have to work with.

Choosing the right neighborhood and property is vital to being a satisfied homeowner in the long-term. Look beyond the basics of sticker price and the features on a house to really clarify what experience you’re looking for, what it’s like to live in a neighborhood, and scope out any hidden issues. Taking the time before you make an offer will ensure that you buy a home that you’ll love in the years to come.

About the author: Berlinda Andrews is an experienced Michigan realtor, who has more than eight years experience helping families find their dream homes. In her spare time, she writes for a range of real estate and design publications to share her expertise with a wider audience.

Home Improvement Projects to Increase Your Family’s Safety

windowsHome security is a serious issue. From simple burglaries to more complex cases of violent crime, its individual citizen’s responsibilities to protect themselves, their homes, and their families from intruders. There are a number of different steps that you can take to ensure that your home offers the highest level of security possible. Here are our top home improvement tips and security purchases to help you rest easier.

Consider an alarm system

Investing in an alarm system is a commitment. From the upfront cost to the recurring monthly fees, installing an alarm costs money. But alarms have a wide range of features, from notifying the company and the police in the case of a break in to panic buttons that allow you to call for help in bad situations. Some systems allow you to tie cameras to your technology so you can see what’s happening as it unfolds.

Display seals of an alarm system

Many experts argue that one of the most effective components of an alarm system is actually the signals that you place outside your home that you have them. These include stickers on your door and the small placards that you place in front of your home. Sometimes a simple “protected by X security system” is enough to dissuade an unmotivated criminal from breaking into your home. Also place decals on your doors, which is the most common place that thieves enter.

Focus on windows and doors

Your windows and doors are the most vulnerable entry points to your home. If your windows are older or have failing lock mechanisms, it may be time to consider an upgrade. Any residential grade window, such as those available from Gilkey, will meet the minimum requirements. Reinforce doors with high quality locks and deadbolts. Look for Grade 1 deadbolts, which are the most secure options on the market.

Use lighting to good effect

Most burglars don’t want to hit a home when people are inside. Use lighting and TVs – set on timers if needed – to give the illusion that you’re home even when someone is out. Exterior motion lights can be enough scare someone off and give you warning if someone is approaching your property. Both of these solutions are inexpensive and simple to install.

Get friends or hire companies to help

If you’re away on vacation or a business trip, simple tricks can make it seem like you are home. Obvious clues can be as simple as garbage that’s not out on pickup day or mail accumulating on your porch. Ask a friend or neighbor to stop by and help with that. If you’re going to be away for an extended period of time, hire someone to mow the lawn so that the yard is cared for.

Look for the obvious ways to diffuse temptation

If you have a second car, keep it parked in the driveway. Always lock your car and keep the windows rolled up, and never store valuable items in your vehicle. You may even want to consider a steering wheel lock if you’re in a high crime region. Trim any landscaping such as bushes or trees that might be easy to hide behind. Never leave a note on your door or a message on your answering machine saying that you’re away. Think about the signs criminals would look for and try to eliminate these to make their jobs harder.

Home security is worth taking seriously. But investing in a burglar alarm isn’t enough. Instead, think strategically about purchases and home improvements, and you’ll be well on your way to a safe and secure home.

About the author: Bailey Monahan is a home security specialist that teach self-defense and home security techniques. She writes about her experiences to help other people better protect what they love.

Tips to Up Your Curb Appeal

real estate investmentIf you’re in the market to sell your home this Spring, increasing your curb appeal is one of the best ways to attract prospective home buyers and ensure a quicker sale. Curb appeal is a real estate term that refers primarily to how attractive your home looks to someone from the outside. It encompasses the design, upkeep, landscaping and more. Here are some of the top tips we gathered from real estate agents that regularly represent top real estate in Troy, Michigan.

Start with structural integrity

The first thing to look at from the buyer’s perspective is whether or not your home looks structurally sound. Does the roof appear to be in good shape? Is the paint peeling or siding hanging off? Are outside structures like porches and decks in good conditions? If there are any alarm bells that go off after a quick visual audit, those should be the first things you address. Not only will this increase the value of your home and prevent a stalled sale as part of the inspection process, but it lays the foundation for other touches to improve your home.

Consider a fresh coat of paint

One of the cheapest and easiest ways to refresh a tired home exterior is with a fresh coat of paint. If you don’t have the money to invest in a professional strip and paint, simply get paint in the color of your existing exterior and give it a touch up. This can be accomplished without too much additional work. Pay special attention to detail painting such as trim, windows, shutters, and stairs. Updating this one area can really help your house pop.

Improve the quality of your grass and landscaping

Prospective homeowners want to see thriving, green yards. If you haven’t paid as much attention to your landscaping over the lifetime of your home ownership as you should have, now’s a great time to give your yard a closer look. Start by looking for areas of weeds or overgrowth, and remove those. Trees, bushes, and shrubs should be trimmed if needed to give a lush but maintained appearance. If there are bare areas in your yard, consider seeding or filling them with a grass solution. Finally, set and keep a regular schedule of watering, mowing, and fertilizing your yard to help it look its best.

Add tasteful touches

Small decorative touches can also help sell a home more quickly. These shouldn’t be whimsical or overly personal. Instead, think about what a designer from Better Homes and Gardens would do if confronted with the challenge of making your home look its best. Some options might include a simple seasonal wreath, window boxes or hanging baskets with flowers, or planting flower beds with splashes of color to accent your front walkway. Not only does this help people visualize the home with their own personal touch there, but it reinforces the idea that your home has been loved and cared for.

Selling your home can be stressful. But enhancing your property’s home appeal is one of the best ways to get interested buyers seriously considering the property. Whether you’re able to spend money and hire help or it’s time to work a little DIY magic, improving your curb appeal can make significant progress in just a few days.

About the author: Dale Clifton is a real estate agent and home contractor with more than twenty years of experience. His reputation and track record helping homeowners throughout America’s heartland has encouraged him to write and share some of his best tips with the market.

What Factors Really Drive Real Estate Prices?

real estate loanAccording to the National Association of Realtors, home prices in the Pacific region of the US rose 14.9% between December 2013 and the previous year. For buyers trying to find the best deals and sellers working to optimize their sales price, decoding market trends can be a challenge. What can each demographic do to maximize their chances of reaching their real estate goals, within the current market context? Here is a closer look at the factors that drive housing prices, and how individual consumers can get the best read on what is currently happening.

A breakdown of the factors at play

At the end of the day, the factors that influence home sale prices and real estate trends are numerous. Specific, anomalous events such as an earthquake or a conflict in a foreign market can have unseen economic consequences that trickle down to the local level and impact home sales. But aside from these unpredictable fluctuations, there are a core set of factors that remain consistently important to determine home prices. These include:

  • Local market dynamics: The local housing market dynamics play an important role on pricing specific properties. Some elements of this include history of sales on comparable properties in the previous ninety days, similar properties on the market today, and the strength of the competition.
  • Condition of the property: This relates to the overall “curb appeal” of a property, the architectural design, the quality of construction materials, and overall structural integrity. The more meticulously a property has been maintained and landscaped, the higher the selling price will be.
  • Unique features: Unique features on a property can add to or detract from the selling price. Features that can add value include a metal roof, a swimming pool, or a beautiful view, for example. Unusual touches that overly personalize a property to its previous owner can actually lower the value, if subsequent owners are likely to renovate.
  • Location: In real estate, location is everything. Communities, neighborhoods, and other location-based factors – such as access to school systems – add to the desirability of certain properties.
  • Demographic trends: Demographics refer to basic statistics about a populations such as age, gender, and income levels. Demographic trends can have an unexpected influence on the market. For example, many baby boomers are retiring and considering options such as downsizing or purchasing vacation homes to enjoy during their retirement. These moves, when made en masse, can impact the overall trend of the market, including which properties are in demand.
  • Economic trends: When the overall economy is strong, the real estate market fairs better. When unemployment levels and inflation rise, sales tend to slow and prices drop.
  • Interest rates: Another economic factor that drives sales is interest rates. The lower interest rates, the more likely buyers are able to afford the properties on the market.

The importance of a knowledgeable Realtor

It is possible for consumers to evaluate a range of factors that influence home prices, from national market trends to comparable properties on the local market. However, working with the right Realtor can save you hours of research, data compilation, and analysis. Select an experienced real estate agent with a strong presence and knowledge within the local market that you are buying or selling. Their expertise, combined with access to specialized tools, can quickly determine the right asking price for a seller’s property as well as a likely sale price (in the case that there is a gap). An experienced Realtor can also guide buyers toward well-priced properties within their budget.

Making a move to buy or sell a home is a major commitment. Identifying the right real estate agency is an important step. They’ll take the time to help explain the market, and make informed decisions about the next appropriate steps. What trends are you seeing on real estate prices in your local market? Let us know in the comments below.

VANCOUVER CONDOS REAL ESTATE MARKET

VANCOUVER CONDOSVancouver is a multi-cultural state present in the province of British Columbia. If you are choosing the place for buying condos, apartments or the studio you are making the right choice of the area. ‘My downtown Vancouver condo” is one of the leading websites that are dealing with all the Vancouver condos for sale and the condominiums present in the neighborhood of them. People who are thinking to buy condos in the Vancouver neighborhood and looking for Yaletown condos for sale or in the downtown area that targets Coal Harbour condos for sale, for all those people “My downtown Vancouver condo” is a place to look out for condos, apartments or even the penthouses.

Vancouver- Lightened Up Place To Live:

The Vancouver condos for sale are found at the best price. The real estate market has jacked up a bit in the Vancouver and now it is at one of the best peaks of selling. Vancouver is a beautiful place to live it has all that you need, safe neighborhood, cultural diversity, best educational institutes and rich history. Vancouver is the right place for you to live in British Columbia and the best place for you to get help regarding all the information about Vancouver condos for sale is ‘My downtown Vancouver Condo’ website.

Yaletown- Modern Place to Live:

They are committed to provide you with the complete and utter information about the areas you are willing to live in downtown. They have wide lists of information about the real estate market of Vancouver and have thorough statistics about Yaletown condos for sale. The friendly neighborhood Yaletown is good for you if you want someplace modern to shift to. Yaletown condos for sale are at the reasonable prices that you can afford with the locality and chic place to live that you have always craved for.

Coal Harbour – Beautiful Place to Live In:

‘My downtown Vancouver Condo’ is a website giving you a thorough breakdown of the Coal Harbour condos for sale. They provide you with all the information of vacant condos that you can choose from. Coal Harbour is a wondrous place to live and with modern neighborhoods like Yaletown and Business hub like Vancouver you are facilitated with the all ease of life you need near your home. The beautiful scenery of the area is one of the reasons to choose from a long list of Coal Harbour condos for sale.

Whether you are looking for Vancouver condos for sale or moving to the modern yet safe place to live for and browse through Yaletown condos for sale or find Coal Harbour condos for sale, ‘My downtown Vancouver Condo’ is a place to search for as they have made it easy for you to look through. Please visit www.mydowntownvancouvercondo.ca for more information.

THE IMPORTANCE OF USING A MORTGAGES BROKER

MORTGAGES BROKERMortgage broker is a link between the lender and the consumer. “Melbourne Mortgage Australia” is the company providing the mortgage brokers for you who are looking out for the loans and are confused where to go and how to get through all the processes. Borrowing a loan from a bank or some company can be very difficult and tricky, but they are all set to help you with all the problems related to the loans and for this our mortgage brokers can prove themselves to be highly useful.

New To the Mortgage World Get Help from Broker:

If you are one of those who are new to mortgage and don’t know the highs and lows of it, they are very glad to help you out with it. Our mortgage broker is completely aware of the knowledge from where to get you the loans that are compatible for your object of buying and at low interest rates. They are always eager to make the getting of loan easier for you so that you can enjoy your new property tension free.

Save Yourselves From Fraud:

Going out to get a loan can be fraudulent sometimes. People may mislead you to the way you should not go. And this is where the mortgage broker comes in and helps you. He has the complete know-how with all the ups and downs of the loan market and he guides you so that you don’t get stuck in the thorny bushes of the bank-talk and feel completely left-out and consider yourself to be with the only choice and that is falling prey for the loan lending sharks. “Mortgage Brokers Australia”establishes a connection between the trustworthy lenders who will give you better rates for the loan and the mortgage broker makes sure that you get the loan in the easiest way possible.

Too Much Finance Talk- Mortgage Brokers Australia Make It Simple:

They realize the risk that this might happen ;you may think that you are lost in a finance world which is also out of your understanding, but there is a good thing that if you take the help of mortgage broker he will break down all the finance information into laymen’s language for your understanding. You will be able to understand all the black and white of the loan lenders and then decide with the help of advice given by mortgage broker to which loan policy is better for you to choose and then get it for your new property.

Mortgage Brokers Australia is like a right hand to you when buying a new property and especially if you are unaware of the dark-hallways of the mortgage world; it is advisable that you accompany a mortgage broker as he may guide you to the right way with the least hassle possible.  Please visit www.melbournemortgage.com.au for more information.

Why Executive Condominiums Are Still Drawing Crowds

Executive CondominiumsExecutive Condominiums (ECs) were first introduced more than 10 years ago by the government to cater to the needs of the “sandwiched class” of Singaporeans who could not qualify for cheap new HDB flats but cannot afford to buy a private condo. ECs filled the gap by providing apartments with condo facilities but at 20-30% discount compared to nearby private properties.

However, the price benefit does come with some caveats. New units come with ownership and resale restrictions such as the household income for applicants must not exceed $12,000 per month and buyers must fulfil a Minimum Occupation Period (MOP) of 5 years. During the 6th to 10th year, units can be sold to Singaporeans or Permanent Residents (PRs) with no family nucleus requirements. After 10 years, ECs become fully privatised and all restrictions are lifted.

Nevertheless, ECs remain an affordable and attractive form of housing for genuine owner-occupied buyers since they are eligible for CPF grants and there is a strong potential for capital appreciation. While we mentioned earlier that there is a price discount of 20-30%, the difference tends to narrow as the EC gets fully privatised. Therefore, buyers can generally expect to be reaping profits in 10 years’ time.

As our housing needs change, ECs have also evolved to cater to the different types of homebuyers. Traditional condominiums built in the nineties will usually consist of two, three and four bedroom units but nowadays, more buyers opting for dual-key units for investment purposes, or to live with their extended family while retaining some privacy. ECs such as The Topiary in Sengkang recognizes such demand and will be introducing three and four bedroom dual-key units which is expected to be highly popular. Waterbay and Heronbay are also the first two ECs in Singapore to offer five-bedroom units to tailor towards bigger families.

A recent report by The Straits Times (“More new ECs top $1m mark”) notes that there have been more than 340 ECs sold at over $1 million each since the relaunch of this housing category in late 2010. This shows that there is an increasing number of young, affluent buyers snagging up bigger and more lavish penthouses. The average prices of all new ECs have also reached a historical high of $731psf in the third quarter but buyers seem unfazed and are seen snapping up units fast at the latest Waterbay launch.

With the improvement in innovation, design and facilities, one can now enjoy luxurious living at ECs without breaking the bank. It is no wonder ECs continue to stay as one of the hottest market segments in Singapore’s property industry.