Sol Acres EC E-Application : 18th to 26th July 2015 Sol Acres EC Model and Showflat ready for viewing !
Eligibility : SC/ SC, SC/SPR, SC/Foreigner with SC/SPR Child
Sol Acres EC is a 99-years leasehold new executive condominium. Sol Acres EC is a new upcoming executive condominium project by reputable developer – MCL Land (Brighton). An expansive total land size of above 354,000 sqftfrom two combined land parcels will be developed into 1,327 residential units with 19 to 25 storeys. Sol Acres EC new launch will be located at District 23 at Choa Chu Kang Grove, besides ITE College West.
Sol Acres Executive Condo is a 99 years Leasehold Development located at Choa Chu Kang Grove in District 23 with expected completion in 2018. Sol Acres is situated right beside Keat Hong & Teck Whye LRT Station. Future residents will be able to enjoy the nearby Lot 1 Shopper’s Mall and Keat Hong Shopping Centre for family outings and gatherings.
CONTACT DEVELOPER SALES OFFICE
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SOL ACRES EC BEDROOM TYPE
NO. OF UNITS
SIZE (sqft)
Price
1 Bedroom / 1 + Study
500 – 580
from $358,000
2 Bedroom / 2 + Study
600 – 850
from $452,000
3 Bedroom / 3 + Study
900 -1100
from $667,000
4 Bedroom / 4 + Study
1150 – 1250
from $866,000
5 Bedroom
1350
TBA
Sol Acres EC Total Units
1,327
Sol Acres EC Photo Gallery
Sol Acres Drop-off
Sol Acres Facade
Sol Acres Fitness Play
Sol Acres Spa Pool
Sol Acres Water Play
Sol Acres Gourmet Kitchen
Amenities – Sol Acres
Sol Acres EC Site Plan
Sol Acres EC Location Map
Sol Acres EC Phase 1 Launch
Sol Acres EC Floor Plan Email us to request for further updates and ebrochure.
Sol Acres EC – Why Executive Condominium (ECs) are more appealing to Home Buyers ?
With most recent new mass condo prices ranging from $1,000 PSF to $1400 PSF, while Executive Condominiums (ECs) are mostly priced between $700 PSF to $900 PSF (refers to below table). The price gaps in general are widening translating a SAVINGS of 20% to 30%! Recent changes in eligibility to purchase Executive Condominium (ECs) : mortgage loan quantum is now based on MSR (mortgage servicing ratio – 30% of income) instead of TDSR, maximum income is now capped at $12,000. This would essentially mean that the maximum purchase price of a EC without additional cash top-ups for most home buyers will be at around $1 million based on 30 years tenure; using 3.5% interest rate for calculating loan disbursement purpose as per MAS guidelines. Any amount exceeding this amount would mean home buyers either need to top up by cash for the differences or pledged with a Fixed Deposit sum for 4 years with the bank. Developers will likely price the new units for sale realistically within the $1 million mark to encourage for home buyers to take up the units. EC Buyers have to occupy the EC for 5 years (MOP) before able to sell it in the open market. Developers will set aside 70% of the supply for first-timers during the initial launch period. This is a good thing for home buyers (Singapore Citizens) as it is made up mostly by first time home buyers and a good portion of HDB upgraders.
Executive Condominium Market Prices
Newly Launched EC prices (updated as at 25th May 15)
S/N
Executive Condominiums
Location
TOP
* CSC*
Last Transacted Price
1.
Arc at Tampines
Tampines Ave 8
Expected:
Dec 2015
Expected:
Dec 2018
Apr 2015 $803psf
2.
Austville Residences
Sengkang East Ave
Expected:
May 2014
Expected:
May 2017
Feb 2013 $748psf
3.
Belysa
Pasir Ris Drive 1
Expected:
Q4 2014
Expected:
Q4 2017
Aug 2014 $824psf
4.
Blossom Residences
Segar Road
Expected:
Nov 2014
Expected:
Nov 2017
Dec 2014 $820psf
5.
Esparina Residences
Buangkok Dr/ Compassvale Bow
Expected:
Q1 2014
Expected:
Q1 2017
Jul 2014 $967psf
6.
Prive
Punggol Field/ Punggol Road
Expected:
Jun 2014
Expected:
Jun 2017
Apr 2015 $821psf
7.
RiverParc Residence
Punggol Drive/ Punggol East
Expected:
Aug 2014
Expected:
Aug 2017
Mar 2015 $963psf
8.
The Canopy
Yishun Avenue 11
Expected:
Q1 2014
Expected:
Q1 2017
Dec 2014 $701psf
9.
The Rainforest
Chua Chu Kang Drive
Expected:
Mar 2015
Expected:
Mar 2018
Jan 2014 $834psf
10.
The Tampines Trilliant
Tampines Central 7
Expected:
Mar 2015
Expected:
Mar 2018
Mar 2015 $813psf
11.
Twin Waterfalls
Punggol Way/ Field
Expected:
Jul 2015
Expected:
Jul 2018
Jan 2015 $861psf
12.
Watercolours
Pasir Ris Dr 3
Expected:
Jun 2015
Expected:
Jun 2015
Nov 2013 $798psf
13.
One Canberra
Canberra Drive
Expected:
Oct 2015
Expected:
Oct 2018
Sep 2014 $742psf
14.
Heron Bay
Upper Serangoon
Expected:
Mar 2016
Expected:
Mar 2019
Jun 2014 $854psf
15.
The Topiary
Fernvale Plains
Expected:
Oct 2016
Expected:
Oct 2019
Oct 2013 $793psf
16.
City Life @ Tampines
Tampines Ave 7
Expected:
May 2016
Expected:
May 2019
Mar 2014 $813psf
17.
Forestville
Woodlands Ave 5
Expected:
May 2016
Expected:
May 2019
May 2015 $772psf
18.
Ecopolitan
Punggol Way/ Walk
Expected:
Dec 2016
Expected:
Dec 2019
Apr 2015 $779psf
19.
Twin Fountains
Woodlands Ave 6/ Drive 16
Expected:
Oct 2016
Expected:
Oct 2019
Apr 2015 $703psf
20.
Lush Acres
SK Way/ Fernvale Link (Par B)
Expected:
Nov 2016
Expected:
Nov 2019
Jun 2014 $798psf
21.
Sea Horizon
Pasir Ris Dr 3/ Ave 6
Expected:
Nov 2016
Expected:
Nov 2019
Apr 2015 $687psf
22.
Waterwoods
Punggol Field/ Walk
Expected:
Mar 2017
Expected:
Mar 2020
May 2015 $790psf
23.
Skypark Residences
Sembawang Cres/ Dr
Expected:
Jan 2017
Expected:
Jan 2020
Apr 2015 $747psf
24.
Bellwoods
Woodlands Ave5/6
Expected:
Mid 2017
Expected:
Mid 2020
Apr 2015 $844psf
25.
Bellwaters
Anchorvale Cres
Expected:
Nov 2017
Expected:
Nov 2020
May 2015 $824psf
26.
The Amore
Punggol Ctr/ Edgedale Plains
Expected:
Jul 2017
Expected:
Jul 2020
Apr 2015 $876psf
27.
The Terrace
Punggol Drive/ Edgedale Plains
Expected:
Mar 2018
Expected:
Mar 2021
Apr 2015 $781psf
28.
Lake Life
Yuan Ching/ Tao Ching Road
Expected:
Dec 2017
Expected:
Dec 2020
Apr 2015 $870psf
Executive Condominium (more than 5 years) Profit Gains
Let us review the Profit Gains of Executive Condominium (> 5 years and can be sold to Singaporeans and SPRs). As from table reference, all ECs listed have achieved Capital Appreciation of 50% and above.
The beauty of committing into an EC is the ability to have a permanent roof over your head at least for the next 5 years (after TOP).
In local context, property prices will only head North over the mid-long term. Looking at EC, the minimum commitment is at least 8 years, taking construction into consideration.
All in all, you have a “Heaven” of your own while not being affected by the short term fluctuation of property prices
Sol Acres EC – Shopping Amenities
Residents of Sol Acres EC will enjoy the conveniences of shopping at Lot One Mall, Keat Hong Shopping Centre @ CCK, Sunshine Place or Junction 10 Mall which is a short distance from Sol Acres.
Sol Acres EC is also 2 LRT stops away from Hillion Residences– anintegrated mixed development of retail mall and a bus interchange located at the existing Bukit Panjang LRT Station. Integrated means abundance amenities that include residential components, commercial retail shops, and transportation hub within a development. The development will have a new fully air-conditioned interchange with links to the existing LRT and future Bukit Panjang MRT Station (DTL) which will be ready around 2015/2016.
Sol Acres EC – Connectivity & Accessibility
Sol Acres EC new launch is conveniently located between Teck Whye LRT and Keat Hong LRT Stations, both LRT stations are within 300 metres away. Choa Chu Kang (CCK) MRT is only 1 station away from Keat Hong LRT.
Sol Acres EC’s residents will have easy access to various parts of Singapore from Choa Chu Kang (CCK). It will only take about 20 minutes drive to CBD and 18 minutes drive to Orchard Belt via PIE and AYE major expressways. Two other expressways KJE and BKE are also easily accessible from Choa Chu Kang (CCK). With 4 major expressways within reach of Sol Acres EC, residents’ commute time will be shortened tremendously.
Sol Acres EC – Schools Nearby
Several schools are nearby to Sol Acres EC such as Teck Whye Primary, Chua Chu Kang Primary, South View Primary, Kranji Primary, West View Primary and Hong Kah Primary. Secondary Schools like Teck Whye Secondary, Choa Chu Kang Secondary, Bukit Panjang Government High School, Dunearn Secondary, and Kranji Secondary. Sol Acres new EC is sited just besides ITE College West and also close to Pioneer Junior College.
Sol Acres EC – New EC Launches @ Choa Chu Kang
2015 is an exciting year for Choa Chu Kang, other than the 2 EC projects, there will be another exciting new CCK EC launch by developer – Sim Lian. This new Executive Condominium (EC) launch is within walking distance of Choa Chu Kang (CCK) MRT station and located besides Rainforest EC and Mi Casa condo. Another new Executive Condominium (EC) will be launched at Canberra near the new Canberra MRT (U/C).
Sol Acres EC Site Plan, Sol Acres Floor Plan and units information will be available at a later date.
