Imagine yourself drifting to sleep in your cozy bed as the bustle of Tampines Plaza begins to fade. What is your new home? Aurelle EC Tampines, the Executive Condominium that is so highly rated and talked about. What will this dream cost you? Everyone wants to know.
It’s like peeling onion layers when you dive into this site. Why? Understanding EC pricing can be difficult. Let’s work together to solve this complex puzzle.
Aurelle is not your typical EC. Its pricing, designed to attract buyers, is the hot topic. Prices for ECs are generally lower than those of private condominiums. This fact should be taken with a grain of salt. Prices for EC products tend to rise faster than one can say, “elevator pitch”.
Aurelle is priced by the area. Tampines, where you can find everything from Ikea and tampines round the clock vibes to anything else that’s available in Singapore plays a part. There are always food outlets, parks, and schools nearby. This adds to the cost of your home.
Let’s take a closer look. Prices could vary significantly, based on ballpark figures. Could you spend around SGD1 million for a 3 bedroom unit? It’s possible! If you want a four-bedroom house, the price could be between SGD 1,3 million and 1,5 million. The numbers have this way of circling around.
Hold your horses. Don’t only look at upfront costs. The maintenance fees add up. The ECs of today boast swanky swimming pools, barbecue pits, gyms and the whole nine yards. It’s nice to have luxury, but the cost is a little higher.
What good is a chat about prices without mentioning grants? A housing grant can reduce the price of a home by a significant amount. EC purchasers can take advantage of CPF housing grants, based on their income and other nuances. There is a silver lining in all the clouds.
The Minimum Occupation period (MOP), as with all ECs is five years. It’s not possible to get high returns by flipping quickly, but investing in time is worth it. After this period of lock-in you can either sell or rent it. It’s a condominium with high-end potential after the first decade.
If you want to see things from a different perspective, compare the condos with those in your area. Comparing apples and oranges can reveal some interesting information. Don’t overlook window-shopping in the eastern part of the country.
Calculate the amount of mortgage that is affecting your financial situation. Consider the length, rate of interest, and your own contribution. Plan carefully to avoid getting into trouble. You can often reduce your repayments by a few numbers if you negotiate with the bank.
What about the golden rule again? Walk through the model units. Seeing the layout and finishing of the unit transforms numbers into tangible realities. Do not skip this step. Seeing is truly believing.
A tip from the inside: Listen to what’s going on. Talk to former EC residents. Their stories will help you avoid traps and discover the delights of EC.
Would it be expensive? Maybe. Does it really worth the money? Many would agree. Aurelle is a package that’s enticing, with luxury sprinkled in and practicality thrown in.
As you make your way through the buying process, remember this timeless saying: “Buy with your eye, but pay with your head.” Soon you’ll discover whether Aurelle is the place where your pocket and heart find a happy rhythm.