ECs are becoming increasingly popular among young families and first-time home buyers. Subsidized and offering an array of amenities, but also featuring MOP and resale restrictions.
Determining whether an executive condominium (EC) is right for you can be tricky, since buyers must fulfill income threshold restrictions in order to purchase one compared with no income-restriction for private condos. So deciding if purchasing an EC would be worthwhile can be challenging.
1. Location
Joo Chiat, with its rich history and charming atmosphere, is a treasure chest of Peranakan culture and heritage charm. Picture-perfect shophouses line its picturesque streets while charming cafes and fantastic restaurants provide delicious tastes of local cuisine.
Discover a different side of Singapore at Joo Chiat, which was recognized in 2011 as Singapore’s inaugural heritage town for its rich cultural offerings.
Stroll through this vibrant neighbourhood and you’ll discover vibrant shops selling everything from trendy homeware to vintage fashion items, delicious fusion foods available at local restaurants and bakeries, and kid-friendly activities at Carpmael Park with its cool climbing structure and swing set for some kid-friendly entertainment!
2. Amenities
Are you in search of an attractive new home without paying private condo prices? An executive condominium (EC) could be an ideal way to accomplish that feat. Make sure to research what an EC entails, such as salary requirements and CPF housing grants before making your decision.
Joo Chiat is an energetic eastern neighbourhood steeped in history and culture. From colourful two-storey shophouses to mouthwatering local fare, this vibrant enclave has something to offer everyone. If you’re searching for an affordable new home or wanting to discover Singapore’s rich past, this bustling neighbourhood could be perfect.
3. Size
Atlassia is an exclusive freehold condo occupying a row of conserved shophouses in Joo Chiat, an historic district rich with Peranakan heritage that exudes old world charm with modern influences. Here, low-rise landed homes sit among Peranakan shophouses as well as cafes, restaurants, and bars, creating a lively mix of old world charm.
This new launch is conveniently situated close to popular schools such as CHIJ Katong Primary and Tao Nan School as well as East Coast Park, making it an attractive option for buyers who desire city fringe living without paying premium private home prices.
This development is located within walking distance to numerous amenities, such as shopping malls and cinemas, making it convenient for residents to meet their daily needs without incurring unnecessary travel time and petrol expenses. Buyers may expect savings both on travel time as well as reduced petrol expenses when making their purchase decision.
4. Maintenance
Executive condominiums (EC) provide buyers looking for luxurious living spaces without paying sky-high property prices an alternative. But before making this purchase decision in Singapore, several aspects should be kept in mind first.
Prior to purchasing an EC, make sure that you meet all requirements, such as salary requirements and CPF housing grants.
Maintaining and renovating an EC can be daunting, which is why hiring professional housekeepers or handymen might be necessary – there are plenty of reliable service providers in Singapore offering such services.
5. Price
Before making your final decision, be sure to assess what you can afford and your loan eligibility before making your selection. Condos have quickly become popular as ideal living solutions. But before settling on one, first establish how much of an upfront investment you can afford and what loan eligibility requirements may exist for financing it.
Joo Chiat is a beloved eastern neighbourhood filled with culture and heritage, featuring charming shophouses and an eclectic variety of eateries – not only traditional hawker fare but also more international restaurants such as Fat Boys Burger Joint or Thunder Tea Rice for herbal delicacies; Fourplay Bar or The Cider Pit offers up plenty of bar seating!
