You therefore are looking at an Tampines St 95 EC price. Intelligent action. The region boasts good schools, reliable transportation, and enough of hawker centers to keep your tummy content. Let us now get right to the point: what is the price tag looking like?
ECs occupy an odd place—not really public, not exactly private. In terms of Singapore’s property market, they are like the middle kid. Less expensive than private condos, but with regulations stricter than your grandmother’s hold on a red packet. Prices in Tampines St 95 range from 1,300 to 1,500 per square foot as of late. Though it’s not pocket change, it beats forking over $2,000 psf for a fully developed condo down the road.
Why is the range so different? Relies on the unit. Higher floor? better. In front of the unhindered view or pool? Chach-ching. Does one need an additional bathroom? That would cost you. Not overlooked are the typical suspects: quantity, layout, and whether the developer included the bare minimum or luxury fittings.
The worst part is that ECs have income ceilings. Tough luck if you are rolling in money. If you fall inside the cap, though, this may be your golden ticket. Just keep in mind the five-year minimum occupation period (MOP.). Not here are any rapid flips. You will be in there for some time.
Resale prices: They had been advancing slowly. Some units hit the market at 1.1 m i l l o n a n d a b o v e once the MOP is completed.
1.1 million and above is the n value for no t b a d f o r a p r o e d u n. Notbad for a rating starting under 800K. Still, timing counts. The market is a wild beast; one minute it is hot, another it is asleep.
And let us now discuss location. Although Tampines is no Orchard Road, it has everything you need without the hassle of city traffic. The Cross Island Line is scheduled to start. Sweet extra credit. More trains imply later on better rates. Hopefully.
Does Tampines St 95 EC then make sense? Indeed, if you intend to stay put and are fine with the regulations. Maybe search elsewhere if you’re looking for quick money or bragging rights. In either case, pack a thick stack along with maybe a calculator.