Introduction to Executive Condominiums
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Introduction to
Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions.
Any reliance placed on the presented materials is strictly at the user’s own risk
This presentation was prepared for information purposes only and shall not be
copied, or replied by any other person for whatever purpose.
This presentation must be viewed in conjunction with the oral presentation
provided by ERA Realty Network Pte Ltd, and / or its officially appointed
distributor / salespersons. Nothing in this presentation constitutes investment,
accounting, legal, regulatory, tax or other advice.
While we endeavor to keep the information up to date and correct, ERA makes no
representation and warranties of any kind, express or implied, on the
completeness, accuracy and reliability of the presented materials. Any reliance
placed on the materials presented is therefore at the user’s own risk.
ERA Project Marketing Department
4 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own risk
Why Executive Condominiums? For general information purposes only. Not to be relied solely upon for any purchasing decisions. Any reliance placed on the presented materials is strictly at the user’s own risk
What is an Executive Condominium?
The Executive Condominium Scheme was launched by HDB in 1995, with the
aim of providing private housing at affordable prices. The buyers of ECs are
also entitled to CPF housing grants.
ECs are designed, constructed and sold by private developers, and comes with
a full suite of condominium facilities and are physically indistinguishable from
private condominiums in design and physical outlook.
ECs are also privatised after 10 years, allowing their owners to sell them freely
in the open market (even to foreigners).
ERA Project Marketing Department
7 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own risk
Why Executive Condominiums?
“It (EC scheme) is a wonderful scheme. It protects middle-income Singaporeans
from competition and ensures a market-friendly way of allowing them to buy
condominiums at very affordable prices.
If I can give you an analogy, it's like offering you a Lexus at the price of a
Corolla, but only Singaporeans have this privilege for (buying it at that price).
And they know in due course the price will go up above the level of a Lexus, so
I think it is a very good scheme.”
- Khaw Boon Wan
National Development Minister (at time of quote)
ERA Project Marketing Department
8 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own risk
Executive Condominiums Are ‘Wonderful’
Condominium lifestyle at more affordable prices
“Yet, ECs hold a clear pricing edge over
condominiums. Despite being essentially
the same housing product offering the
same quality of living, ECs are typically
sold at a discount of about 20 percent to
comparable private condominiums”
“In conclusion, ECs provide a very viable
option for buyers to consider, either as
their first home or as an upgrading option.
However, not just anyone can purchase an
EC. The purchase of EC is only for those
who meet the stringent eligibility criteria.
This select group of people should
capitalize on this opportunity to own an EC
and with it, a whole new lifestyle.”
ERA Project Marketing Department
9 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own risk
Executive Condominiums Are ‘Wonderful’
Comes with full suite of condominium facilities
• Physically indistinguishable from private condominiums
ERA Project Marketing Department
10 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own risk
Executive Condominiums Are ‘Wonderful’
Optimized for the end-user experience
• MOP requirement means that there are generally no investment units and
more emphasis on facilities and unit layouts
ERA Project Marketing Department
11 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own risk
Executive Condominiums Are ‘Wonderful’
The best of both worlds
ERA Project Marketing Department
12 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own risk
Executive Condominiums Are ‘Wonderful’
Enjoy CPF Housing Grant of up to $30,000
• First timers have a ‘subsidized’ cash component
ERA Project Marketing Department
13 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own riskExecutive Condominiums Are ‘Wonderful’
Enjoy an immediate price advantage
“ECs come with a full suite of
condominium facilities and are
physically indistinguishable from
private condominiums in design and
physical outlook”
“for most EC buyers, the main
appeal of ECs is the condominium
address and lifestyle but at a
cheaper price.”
This puts the EC buyer on an
immediate price advantage as he is
essentially buying a product that
has a similar look and feel of a mass
market condominium at a cheaper
price”
“EC buyer may enjoy a larger
capital gain compared to someone
who has bought a mass market
condominium at around the same
time as the EC buyer”
ERA Project Marketing Department
14 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own riskExecutive Condominiums Are ‘Wonderful’
Greater potential for appreciation
“The return on investment (ROI) from the sale of an EC “Studies have shown that, when the time comes, you
after the five-year minimum occupation period is higher can sell ECs at a price almost (that of) private condos in
than that of a private condominium in the vicinity. the same area…”
The is because starting prices of ECs at launch stage are
20 to 25 percent lower than that of condominiums,
leading to a greater return during sale..”
ERA Project Marketing Department
15 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own riskWhy Executive Condominiums
Affordability Value Appreciation
ECs are designed, constructed and Despite the lower prices, ECs come EC are therefore a very viable
sold by private developers but are with a full suite of condo facilities option for upgraders, providing
typically sold at a lower price than and are indistinguishable from condominium lifestyle at a lower
private condominiums. private condominiums in design price.
and physical outlook.
First time buyers are also eligible Because the entry price is lower,
for a CPF Housing Grant of up to ECs are also typically built with the the return on investment (ROI)
$30,000* end-user in mind (more emphasis from the sale of an EC is higher
on facilities, no investment units than that of a private condo in the
etc.) because all units have to be vicinity.
*subject to terms and conditions
owner occupied within the MOP
period. This puts the EC buyer on an
immediate price advantage as
Studies have shown that, when the
time comes, you can sell ECs at a
price almost (that of) private
condos in the same area.
ERA Project Marketing Department
16 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own riskUpcoming Executive Condominiums For general information purposes only. Not to be relied solely upon for any purchasing decisions. Any reliance placed on the presented materials is strictly at the user’s own risk
Upcoming Executive Condominiums
Tender award and tentative launch dates
• Executive Condominium at Sumang Walk
• Developed by CDL and TID
• Target Preview: June / July 2019
• ~820 units (est.)
ERA Project Marketing Department
18 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own riskUpcoming Executive Condominiums
Tender award and tentative launch dates
Canberra Link Anchorvale Crescent Tampines Avenue 10
Target Preview: 1Q 2020 Target Preview: 1Q 2020 Target Preview: 2Q 2020
• By Hoi Hup Realty and Sunway • By Evia Real Estate and Gamuda • By Hoi Hup Realty and Sunway
Developments • Awarded on 27th September 2018 Developments
• Awarded on 10th September 2018 • ~550 units (est.) • Awarded on 22nd January 2019
• ~495 units (est.) • ~700 units (est.)
ERA Project Marketing Department
19 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own riskWhat’s the Storyline? For general information purposes only. Not to be relied solely upon for any purchasing decisions. Any reliance placed on the presented materials is strictly at the user’s own risk
Highly Sought After
By both buyers and developers
Hundred Palms Residences Rivercove Residences
531 units sold in 7 hours (100%) 500 units sold on first day (80%)
ERA Project Marketing Department
21 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own riskHighly Sought After
By both buyers and developers
• 17 developers fought for the Sumang Road Executive Condominium site
ERA Project Marketing Department
22 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own riskOne.
Most Affordable Entry Price
ERA Project Marketing Department
23 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own riskMost Affordable Entry Price
Price reset island-wide
ERA Project Marketing Department
24 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own riskMost Affordable Entry Price
Price reset island-wide
• Upcoming price expectations
Land Price
Date Awarded Location Number of Bidders
(psfppr)
18-Jan-17 Perumal Road 11 $1,001
05-Jun-17 Lorong 1 Realty Park (Landed) 11 $526
05-Dec-17 Fourth Avenue 7 $1,540
05-Dec-17 Jiak Kim Street 10 $1,733
07-Feb-18 Handy Road 10 $1,722
07-Feb-18 Chong Kuo Road 8 $681
26-Apr-18 Cuscaden Road 9 $2,377
26-Apr-18 Silat Avenue 1 $1,138
26-Apr-18 Mattar Road 10 $1,109
16-May-18 Holland Road 15 / 10 $1,888
03-Jul-18 Hillview Rise 6 $1,068
16-Aug-18 Sengkang Central 5 $924
07-Sep-18 Dairy Farm Road 5 $830
07-Sep-18 Jalan Jurong Kechil 3 $1,002
22-Mar-19 Pasir Ris Central 3 $684
05-Apr-19 Sims Drive 5 $732
05-Apr-19 Middle Road 10 $1,458
ERA Project Marketing Department
25 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own riskMost Affordable Entry Price
Price reset island-wide
• Upcoming price expectations
En-bloc Announcement Development Addresss District Developer Price Psfppr
May 2017 One Tree Hill Gardens One Tree Hill 10 Lum Chang $65,000,000 $1,664
May 2017 Goh and Goh Building Upper Bukit Timah Road 21 BBR Holdings $101,500,000 $1,096
July 2017 The Albracca Meyer Road 15 Sustained Land $69,100,000 $1,409
August 2017 Tampines Court Tampines Street 11 18 Sim Lian $970,000,000 $676
September 2017 Seraya Crescent Seraya Crescent 20 Tee Land $25,740,000 $764
September 2017 Sun Rosier How Sun Drive 19 Singhaiyi Properties / Huajiang $271,000,000 $1,325
September 2017 Jervois Gardens Jervois Road 10 SC Global $72,000,000 $1,373
September 2017 Nanak Mansions Meyer Road 15 UOL / Kheng Leong $201,080,000 $1,429
October 2017 Amber Park Amber Gardens 15 CDL/Hong Realty $906,700,000 $1,515
October 2017 Normanton Park Normanton Park 5 Kingsford $830,100,000 $969
October 2017 Changi Gardens Upper Changi Road North 17 CEL $248,800,000 $888
October 2017 Florence Regency Hougang Avenue 2 19 Logan Property $629,000,000 $842
October 2017 Dunearn Court Dunearn Road 11 Roxy Pacific $36,300,000 $1,371
November 2017 Casa Contendere Gilstead Road 11 Tee Land $72,000,000 $1,638
November 2017 How Sun Park How Sun Avenue 19 Singhaiyi Properties / Huajiang $81,090,000 $1,092
December 2017 Royalville Bukit Timah Road 10 Allgreen $447,940,000 $1,960
December 2017 Crystal Tower Ewe Boon Road 10 Allgreen $180,650,000 $1,840
December 2017 Jervois Green Jervois Road 10 Spring Court and co $52,900,000 $1,601
December 2017 Parkway Mansion Amber Road 15 Sustained Land $146,990,000 $1,536
ERA Project Marketing Department
26 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own riskMost Affordable Entry Price
Price reset island-wide
• Upcoming price expectations
En-bloc Announcement Development Addresss District Developer Price Psfppr
January 2018 Park West Jalan Lempeng 5 Singhaiyi Properties $840,900,000 $850
January 2018 Kismis View Lorong Kismis 21 Roxy Pacific / Tong Eng Group $102,750,000 $941
February 2018 City Towers Bukit Timah Road 10 Cheung Kong $401,900,000 $1,847
February 2018 Pearlbank Apartments Pearl Bank 3 Capitaland $728,000,000 $1,515
February 2018 Cairnhill Mansions Cairnhill Road 9 Low Keng Huat $362,000,000 $2,311
February 2018 Riviera Point Kim Yam Road 9 Macly $72,000,000 $1,461
February 2018 Brookvale Park Sunset Way 21 Hoi Hup / Sunway $530,000,000 $932
March 2018 Hollandia Holland Road 10 FEC Properties $183,380,000 $1,703
March 2018 Goodluck Garden Toh Tuck Road 21 Qingjian $610,000,000 $1,210
March 2018 Eunos Mansion Jalan Eunos 14 Fragrance $220,000,000 $1,118
March 2018 Toho Mansion Holland Road 10 Koh Brothers $120,430,000 $1,805
March 2018 Katong Park Towers Arthur Road 15 Bukit Sembawang $345,000,000 $1,280
March 2018 Pacific Mansion River Valley Close 9 Guocoland / Hong Realty $980,000,000 $1,806
March 2018 Makeway View Makeway Avenue 9 Bukit Sembawang $168,000,000 $1,626
March 2018 Ampas Apartment Jalan Ampas 12 Oxley $95,000,000 $1,073
March 2018 Cairnhill Heights Cairnhill Rise 9 Tiong Seng / Ocean Sky $72,600,000 $1,914
April 2018 The Estoril Holland Road 10 FEC Properties $223,940,000 $1,654
April 2018 Katong Omega Apartments East Coast Road 15 Global Dragon $46,310,000 $1,193
April 2018 Tulip Gardens Farrer Road 10 Yanlord / MCL Land $906,889,000 $1,790
April 2018 Asia Gardens Everton Road 2 Sustained Land led consortium $343,000,000 $1,722
April 2018 Olina Lodge Holland Hill 10 Kheng Leong $230,900,000 $1,712
April 2018 Dunearn Gardens Dunearn Road 10 EL Development $468,000,000 $1,914
May 2018 Villa D'Este Dalvey Road 10 KOP $93,000,000 $1,898
May 2018 Peak Court Thomson Road 11 Tuan Sing / Rich Capital $118,880,000 $1,558
May 2018 Chancery Court Dunearn Road 11 Far East $401,780,000 $1,610
May 2018 Landmark Tower Chin Swee Road 3 ZACD led consortium $286,000,000 $1,406
June 2018 Park House Orchard Boulevard 10 Shun Tak $375,500,000 $2,910
June 2018 14/14A Nassim Road Nassim Road 10 Shun Tak $218,000,000 $2,744
June 2018 Kemaman Point Jalan Kemaman 12 Soilbuild $143,880,000 $1,173
July 2018 Casa Meyfort Meyer Road 15 Guocoland $319,880,000 $1,580
August 2018 Phoenix Heights Phoenix Road 23 USB Holdings $33,100,000 $556
ERA Project Marketing Department
27 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own riskEntry Level Condominium Prices
Recent OCR new launches
• Even if Sumang were to sell at $1,100psf, it will be about 20% to 30% lower
GLS Development Transacted Range Median Transacted Average
Fernvale Road Parc Botannia $1,117 - $1,471 $1,324psf $1,304psf
West Coast Vale Twin Vew $1,214 - $1,726 $1,385psf $1,382psf
Tampines Avenue 10 The Tapestry $1,124 - $1,797 $1,404psf $1,346psf
Chong Kuo Road The Essence $1,285 - $1,363 $1,309psf $1,313psf
ERA Project Marketing Department
28 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own riskTwo.
Proven Track Record of Growth
ERA Project Marketing Department
29 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own riskProven Track Record of Growth
Make your property work for you
ERA Project Marketing Department
30 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own riskProven Track Record of Growth
Buy lower, sell higher
• Case study of executive condominium and private condominium nearby
ERA Project Marketing Department
31 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own riskProven Track Record of Growth
Buy lower, sell higher
• Case study of executive condominium and private condominium nearby
Buy Lower: Summary of Prices in 2010 (At launch of Esparina Residences)
Transactions Median Transacted Average Transacted
Development Transacted PSF Range
(Jan'18 to March'19) PSF PSF
Esparina Residences psf at
Esparina Residences 426 $503 - $813 $761 $743 launch was about 15%
lower than The Quartz
The Quartz 13 $741 - $948 $869 $863
Sell Higher: Most recent transactions (from Jan 2018 to March 2019)
Transactions Median Transacted Average Transacted
Development Transacted PSF Range
(Jan'18 to March'19) PSF PSF
Esparina Residences psf
$1,079 $1,061 currently is about 8%
Esparina Residences 87 $836 - $1,179
(+$318 / +42%) (+$318 / 43%) higher than The Quartz
$983 $979 42% gain vs 13% gain
The Quartz 36 $878 - $1,068
(+$114 / +13%) (+$116 / +13%)
ERA Project Marketing Department
32 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own riskProven Track Record of Growth
Buy lower, sell higher
• A look at the transactions in March 2019
• More prudent future planning
ERA Project Marketing Department
33 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own riskProven Track Record of Growth
Price appreciate sharply even within same development over time
22nd Sep 2017
$1,135,000
About 12% increase
16th July 2016
$1,014,000
ERA Project Marketing Department
36 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own riskProven Track Record of Growth
Price appreciate sharply even within same development over time
44%
increase
Treasure Crest #09-14 by $337psf
At Launch: $822,000 ($763psf)
New Release: $1,184,000 ($1,100psf)
ERA Project Marketing Department
37 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own riskProven Track Record of Growth
Generally better growth prospects than BTOs
Project Name Address Price ($) PSF Sale Date Property Type Type of Sale
ESPARINA RESIDENCES 115 Compassvale Bow #10-27 $1,100,000 $1,099 27-Mar-19 Executive Condominium Resale
ESPARINA RESIDENCES 115 Compassvale Bow #10-27 $722,000 $722 17-Dec-10 Executive Condominium New Sale
The Esparina Transacted BTO @ Anchorvale Horizon (launched 2010) if can sell today
Buy (2010): $722,000 - $30,000 (grant) = $692,000 Buy (2010): $426,000 = $426,000
Sell (2017): $1,100,000 Sell (@today’s resale price): $455,000
Profit: $408,000 (58%) Profit: $29,000 (7%)
ERA Project Marketing Department
38 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own riskThree.
The Only Executive Condominium of 2019
ERA Project Marketing Department
39 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own riskThe Only EC Launch of 2019
• Due to the 15 month waiting period for ECs, Sumang Walk will be the only
EC this year
Canberra Link Anchorvale Crescent Tampines Avenue 10
Target Preview: 1Q 2020 Target Preview: 1Q 2020 Target Preview: 2Q 2020
• By Hoi Hup Realty and Sunway • By Evia Real Estate and Gamuda • By Hoi Hup Realty and Sunway
Developments • Awarded on 27th September 2018 Developments
• Awarded on 10th September 2018 • ~550 units (est.) • Awarded on 22nd January 2019
• ~495 units (est.) • ~700 units (est.)
ERA Project Marketing Department
40 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own riskThe Only EC Launch of 2019
• Only about 800 EC units vs 15,000 BTO units vs 17,000 private condo units
in 2019
ERA Project Marketing Department
41 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own riskLimited Upcoming EC Supply
• Expected supply in 2019 is the least in recent years
Expected EC Units in the Market
Year 2017 2018 2019 2020
0
Existing Supply
3,382 293 (Excluding abortive
(Est.)
units)
1,700
820
New Supply 1,028 628 (Excluding reserve list
(Est.)
sites)
Total Units
4,410 921 820
(Est.)
ERA Project Marketing Department
42 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own riskFour.
Located in the Town of the Future
ERA Project Marketing Department
43 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own riskPunggol Town
Singapore’s residential eco-town
ERA Project Marketing Department
44 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own riskPunggol Town
Oasis Terraces
• Seven-storey mall next
to Oasis LRT station
• Waterfront
development that
includes family-friendly
eateries, playgrounds,
a 24-hour fitness
centre and a
supermarket
• Has community gardens
and a fitness corner on
the rooftop, besides its
106 shops
ERA Project Marketing Department
45 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own riskWhat to Expect in Punggol?
Punggol Town Hub
• The new integrated town hub will bring
programmes and services from multiple
agencies
• Will house amenities like healthcare
facilities, a hawker centre, regional library
and a childcare centre
• When completed, the Town Hub will be
connected to Punggol MRT and Punggol Town
Square via a linear green park
• Will also be situated opposite the Waterway
shopping mall and next to the upcoming
Punggol regional Sports Centre, offering
greater accessibility with all the amenities
within the heart of Punggol
ERA Project Marketing Department
46 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own riskWhat to Expect in Punggol?
Part of the urban transformation project
• One of the eight key growth areas designated under the latest draft master
plan
ERA Project Marketing Department
47 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own riskWhat to Expect in Punggol?
The Next Generation Smart and Integrated District
ERA Project Marketing Department
48 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own riskPunggol Digital District
The Next Generation Smart and Integrated District
ERA Project Marketing Department
49 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own riskPunggol Digital District
The Next Generation Smart and Integrated District
ERA Project Marketing Department
50 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own riskPunggol Digital District
The Next Generation Smart and Integrated District
ERA Project Marketing Department
51 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own riskPunggol Digital District
The Next Generation Smart and Integrated District
• Punggol Digital District (PDD) brings
together the Singapore Institute of
Technology (SIT)’s campus and
JTC’s Business Park spaces within
Punggol North to create Singapore’s
first truly smart district
• PDD will not just house the key
growth industries of the digital
economy like cybersecurity and
digital technology, but will also be
an inclusive and green lifestyle
destination for the surrounding
community
ERA Project Marketing Department
52 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own riskPunggol Digital District
The Next Generation Smart and Integrated District
• SIT is Singapore's fifth
autonomous university,
was set up to offer more
degree opportunities to
polytechnic graduates
• To be integrated with a
nearby creative industry
cluster to be built by
the JTC Corporation
• Will be expanded to
offer more courses and
take in up to 3,500
students a year by 2020
ERA Project Marketing Department
53 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own riskPunggol Digital District
The Next Generation Smart and Integrated District
ERA Project Marketing Department
54 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own riskPunggol Digital District
The Next Generation Smart and Integrated District
ERA Project Marketing Department
55 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own riskPunggol Digital District
The Next Generation Smart and Integrated District
ERA Project Marketing Department
56 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own riskFive.
Ease of Upgrading
ERA Project Marketing Department
57 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own riskEase of Upgrading
More time allowance and flexibility
• No ABSD is payable for upgraders who are currently holding on to HDB flat
• Existing HDB flat only needs to be sold within 6 months of EC’s TOP
ERA Project Marketing Department
58 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own riskEase of Upgrading
Deferred Payment Scheme Only for ECs
• ECs are the only new home segment in the market that has the option of
deferred payment
• Pay the first 5% + 15%, remaining payment only collected by the developer
at the EC’s TOP
• More flexibility and time to plan finances for both first and second timers
ERA Project Marketing Department
59 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own riskSix.
Only the Privileged can apply
ERA Project Marketing Department
60 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own riskEnrichment Thursdays (1st April to 2nd May)
Executive Condominium training for ERA teammates every Thursday @ APAC Centre Auditorium 1
Date Time Training Topic Venue
The EC Story
11th April An introduction to Executive Condominiums: what makes them so popular and APAC Centre
2pm to 5pm
(Thursday) what are the eligibility conditions. We also take a closer look at the upcoming Auditorium 1
Sumang Walk EC site, as well as how to effectively prospect for EC leads.
18th April Commencing Your Digital Footprint in Prospecting APAC Centre
2pm to 5pm A simple guide on harnessing the power of the internet and social media to
(Thursday) prospect for leads in this digital age.
Auditorium 1
Why ECs Will Still be in High Demand
25th April An in-depth look at Executive Condominiums and how to convince your buyers APAC Centre
2pm to 5pm
(Thursday) that Executive Condominiums is their best option to upgrade to a private Auditorium 1
lifestyle this year.
2nd May Mass Briefing for EC at Sumang Walk APAC Centre
2pm to 5pm The first EC launch in over a year and the only EC launch of 2019. Find out
(Thursday) everything there is to know about this upcoming mega-seller.
Auditorium 1
129130 For general information purposes only. Not to be relied solely upon for any purchasing decisions. Any reliance placed on the presented materials is strictly at the user’s own risk
EC at Sumang Walk
Formation of Preview Team
ERA Project Marketing Department
131 Introduction to Executive Condominiums
For general information purposes only. Not to be relied solely upon for any purchasing decisions. For internal circulation only. Subject to change without prior notice
Any reliance placed on the presented materials is strictly at the user’s own risk132 For general information purposes only. Not to be relied solely upon for any purchasing decisions. Any reliance placed on the presented materials is strictly at the user’s own risk
Thank You
See you at Sumang Walk
For general information purposes only. Not to be relied solely upon for any purchasing decisions.
Any reliance placed on the presented materials is strictly at the user’s own riskYou can also read
