Sol Acres, Singapore's only EC (Executive Condominium)
with 1-bedroom units, offers affordable, urban luxury to first-time homeowners.
Sol Acres will be completed in early 2018, which means there will be a shorter waiting time in comparison to that of the waiting times for new Built-To-Order (BTO) flats.
Sol Acres units come furnished like their private condominium counterparts. These include air-conditioning systems, built-in wardrobes and fully fitted bathrooms. Each kitchen also comes fully equipped with cooker hood and hob, oven, fridge and washer-cum-dryer. This means less time and money are needed for renovations.
With a similar price tag to a BTO unit, one can own a property that comes with all the benefits and perks of prime condominium living, in an exclusive gated community, built by a private developer. Sol Acres is priced from only S$360,0001 for a 1-bedroom unit, with the initial outlay at just S$18,0001 cash and S$24,0001 CPF, after netting off the housing grant of S$30,0001. A couple earning a combined monthly income of only S$4,5001 will be able to easily afford the monthly installments. What's more, maintenance fees, for the enjoyment of the full range of facilities, start from as low as S$1802 a month.
One can exercise his/her Singaporean birthright in owning an EC that's not only sought-after but also limited in quantity. First-time Singaporean buyers are entitled to a housing grant of S$30,0001.
EC units are generally priced 20-30% lower than private condominiums in the same locality.After the 5-year Minimum Occupation Period (MOP), price gaps between ECs and private condominiums typically narrow, giving ECs greater potential for capital gains.1Terms and conditions apply 2Subject to authorities' approval