Twin Waterfalls Punggol EC | Pricing & Funding

Twin Waterfalls Executive Condo Spa Pools

Artist's Impression . Punggol EC Pools . Twin Waterfalls EC


This page lists the costs involved in buying a unit at Twin Waterfalls EC, and when payments must be made, and sources of funds at each stage. If you have any questions, please contact us via the form below. We will be very glad to assist.
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Twin Waterfalls | Pricing Ranges

Pricing listed here is after the current 10% + 5% discount. This discount may be reduced or removed without notice at developer’s discretion.

Type No of Units Area (sq m) Area (sq ft) Pricing Range
3 Bedroom Compact 228 85 – 93 sq m 915 – 1,001 sq ft $617K – $771K
3 Bedrooms 298 96 – 103 sq m 1,033 – 1,109 sq ft $698K – $862K
4 Bedrooms 86 115 sq m 1,238 sq ft $823K – $939K
3 Bedroom Dual Key 56 103 sq m 1,109 sq ft $709K – 853K
4 Bedroom Dual Key 12 128 sq m 1,378 sq ft SOLD OUT
3 BR Penthouse 48 119 – 201 sq m 1,281- 2,164 sq ft $827K – $1.11M
4 BR Penthouse 48 119 – 201 sq m 1,281- 2,164 sq ft $1.14M – $1.2M
TOTAL UNITS 728

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Costs of Buying a unit at this Punggol EC

Costs involved are:
. Purchase Price
. Stamp Duty = Purchase Price x 3% – $5,400
. Legal fees. Banks often subsidize legal fees as part of their project package, subject to terms.

No agent commission or fee payable. ECs are also NOT affected by Additional Buyers Stamp Duty.
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Sources of Funds

. Minimum 5% must be from your own cash. (10% if you currently have a housing loan.)
. CPF Housing Grant for first timers. See CPF Housing Grant table below for eligibility & amount.
. Your CPF funds in OA (Ordinary Account).
. Bank Loan. HDB does not give loans for ECs. See Financing below for maximum loan amounts, etc.
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CPF Housing Grant (Source: HDB)

Monthly Household Income CPF Housing Grant
SC/SC Household
CPF Housing Grant
SC/SPR Household
Half-Housing
Grant
Not more than $10,000 $30,000 $20,000 * $15,000
$10,001 to $11,000 $20,000 $10,000 * $10,000
$11,001 to $12,000 $10,000 $0 $5,000

* If you are from an SC/SPR household, you can enjoy the full housing subsidy by applying for the Citizen Top-Up when your SPR family takes up Singapore Citizenship or when you have an SC child.

Only first timers are eligible for this grant. For details & eligibility conditions, see HDB Website.
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Financing for Twin Waterfalls Punggol EC

Financing for executive condominiums are typically from banks or financial institutions as HDB does not loan for ECs.

Government regulations for loans are as follows:
. Maximum of 80% loan if you do NOT currently carry a property loan.
. Maximum of 60% loan if you currently do have an outstanding property loan.#

If you require financing, it is highly advisable to obtain an In-Principle Approval (IPA) letter in advance before selecting or booking a unit. It gives you assurance that you do indeed qualify for a loan, and ascertains the maximum loan you can get for so that you do not risk forfeiting any of your booking fee.

Contact us at Twin Waterfall EC for information on obtaining the IPA.

# For executive condominiums it may be possible to obtain 80% loan even if you currently have a housing loan. Contact us if you would like to be put in touch with bankers specializing in executive condos who can assist and advise you on this.
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Payment Schedule under Normal Payment Scheme

Payment terms & funding for the Twin Waterfall EC for those taking 80% (if currently no property loan) vs those taking 60% loan (if currently have outstanding loan). CLICK TO ENLARGE.
Twin Waterfall EC :: Costs & Funding
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Payment Schedule under Deferred Payment Scheme

Payment terms for those taking 80% under Deferred Payment Scheme. Deferred Payment Scheme for this Punggol EC is under consideration. An EC unit typically costs 2 to 3% more under this option.

If allowed, it enables those who have an outstanding property loan to still take 80% bank loan for the new property purchase (subject to bank credit assessment & approval). CLICK TO ENLARGE.
Twin Waterfall Punggol EC :: Deferred Payment Scheme
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If you have any questions on costs, financing or funding for this Punggol EC, or if you need a copy of the Payment Schedule, just let us know through the Twin Waterfalls EC form here.

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Piermont Grand EC Price . Highest of the Punggol ECs

When Waterfall EC was launched, it sold at around $7xx PSF. Who would have thought then, that EC prices in Punggol would ever rise to above $1,000 PSF. That was almost above the pricing of private condominiums in the Punggol / Sengkang area, and already considered more than a lot of people were prepared to pay.

But so it is today. The Piermont Grand executive condo at Sumang Link in Punggol will be launching soon at an estimate of between $1,100 and $1,200 PSF, given how much the developer paid for the land. And it hasn’t helped that construction costs have gone up in the interim.

And even at this pricing level, it is anticipated that Piermont Grand will sell well. Mainly because of a shortage of new EC launches, and the fact that private condo prices have also gone up to an average of $1,3xx to $1,4xx PSF even in the suburbs. So buyers will have no choice but to accept the Piermont Grand EC price levels if they want something more affordable. Especially since this Punggol EC will have a direct frontage onto the Punggol Waterway, and even glimpses of Punggol River. It is also within walking distance of Punggol MRT station.

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