The Vales EC @ Sengkang

The Vales EC

Category: Executive Condos (ECs) Written by Super User

The Vales EC is an exciting new Executive Condo that will be launching in the North-East of Singapore, along Anchorvale Crescent, in 2015. Located only 600m from Sengkang MRT/LRT Station, residents will enjoy easy accessibility to amenities in and around the area.

	Only 600m from Sengkang MRT/LRT station
	Near Sengkang Town Centre.
	Near numerous amenities like supermarkets, shopping malls, schools, food centres, parks.
	Benefit from the Sengkang Master Plan
	Good connectivity via TPE, CTE, SLE
	EC Bank Loan not effect by current HDB Loan
	CPF Grant for First Time buyers
	No ABSD (Additional Buyers Stamp Duty)

OPEN FOR BOOKING!
Developer Sales Team Hotline:

+65 9488 4904

Perspectives

The Vales EC Project Facts

Project	The Vales EC
Developer	SingHaiYi / Phoenix Real Estate
Location	Anchorvale Crescent / Sengkang
Development	Executive Condo comprising 9 blocks of 15 storeys each, with landscape deck, basement carpark, swimming pool and communal facilities.
District	19
Tenure	99 years lease
Site Area	175,237 sqf
Plot Ratio	3.0
Expected TOP:	TBA
Total Units	517 units
Total Carpark Lots	TBA
EC Eligibility	Scroll down to "Additional Info" > "EC Eligibility At A Glance"

Amenities Galore!

Additional Info

Site Plan

View in pdf: The Vales Siteplan

Nearby Amenities - List and Distances

Category	Nearby Amenities	Approximate Distance
Train Stations	Cheng Lim LRT (SW1) Sengkang (NE16)	0.1km 0.6km
Bus Stop	Blk 261 (Bus: 43, 83, 109, 119) Opp Blk 261 (Bus: 43, 83, 109, 119)	0.2km 0.2km
Supermarkets	Prime (Compassvale 263) Cold Storage (Compass Point) Fairprice (Rivervale Mall) Giant (266 Compass Bow)	0.3km 0.5km 1.3km 1.7km
Shopping Malls	Compass Point Rivervale Mall Rivervale Plaza Fernvale Point	0.5km 1.3km 1.5km 2.0km
Institutions	Preschool
	PCF Punggol Central Blk 262A PCF Punggol Central Blk 292B Sengkang Methodist Children Centre Mahad Al-Nasry @ Sengkang Kindergarten St. Anne’s Church Kindergarten PCF Punggol Central Blk 231-232 PCF Punggol Central Blk 206A-206D PCF Punggol North Blk 105D PCF Punggol East Blk 124A-124 PCF Punggol West Blk 303A	0.2km 0.5km 1.0km 1.0km 1.0km 1.1km 1.1km 1.3km 1.3km 1.5km
	Primary
	Compassvale Primary School Springdale Primary School Nan Chiau Primary School Punggol Green Primary School Anchor Green Primary School Seng Kang Primary School Rivervale Primary School North Spring Primary School Palm View Primary School North Vista Primary School Mee Toh School Edgefield Primary School Punggol View Primary School	0.5km 0.5km 0.6km 0.8km 1.0km 1.0km 1.2km 1.4km 1.4km 1.5km 1.6km 1.6km 1.6km
	Secondary
	Compassvale Secondary School Nan Chiau High School Edgefield Secondary School CHIJ Saint Joseph’s Convent Seng Kang Secondary School Punggol Secondary School Greendale Secondary School	0.7km 0.9km 1.1km 1.1km 1.2km 1.8km 2.0km
	Junior College
	Serangoon Junior College	3.6km
	Tertiary
	Nanyang Polytechnic (NYP)	5.4km
	International
	Chatsworth Kindergarten	3.0km
Food Centres	Kopitiam Square Punggol Food Centre (U/C)	0.5km 1.5km
Lifestyle	Sengkang Sculpture Park Sengkang Riverside Park Sengkang Sports and Recreation Centre	0.4km 0.7km 0.8km

ECs In The News / Commentary

2015: Year of the ECs?
In 2015, up to seven EC projects will be launched, giving buyers plenty of choice. These include Westwood Residences (Westwood Ave, Jurong), The Brownstone (Canberra), The Vales (Anchorvale Crescent, Sengkang).

'ECs have most, if not all, of the facilities of private mass- market condominiums and are generally comparable in design and facilities,' said Ms Chia Siew Chiun, director of research and advisory at Colliers International."
Source: The Straits Times - April 19, 2015

Buyers See Value In ECs:
Executive condos (ECs) are physically similar to private condos, have a wide range of facilities, but are typically 20 - 30% lower in cost. In addition, first-time buyers may apply for $30,000 CPF grant, making their new homes even more affordable. What's more, ECs are privatised after ten years, after which they may be sold to foreigners.

"Executive condominiums (ECs) have grown more popular with buyers in recent months as a price gap with mass-market condos widens".
Source: The Straits Times - April 3, 2013

EC Resale Prices Catching Up With Private Condos:
The popularity of ECs in recent years saw resale prices trending upward. Property cooling measures put in place over the last year or so have slowed this trend marginally (e.g. prices dipped only 0.2% in March 2015 over the previous month). As new ECs are sold at a significant price reduction compared to private condos, buyers can still look forward to good price appreciation in the forseeable future.

"Prices of RESALE executive condominiums (ECs) are catching up with those of private mass market homes as the increasingly luxe features at recent ECs have boosted the profile of these homes."
Source: The Straits Times - December 1, 2012

EC Eligibility At a Glance

Main applicant must be a Singapore Citizen and above 21 years old. Co-applicant can be a Singapore Citizen or Singapore Permanent Resident.
Both applicants must be either 1st or 2nd time buyers (existing or ex-owners of a HDB flat).
Applicants must form a valid family nucleus under one of the HDB’s eligibility schemes in order to buy an EC flat.
Applicants' combined household gross monthly income must not exceed S$12,000.
Applicants and occupiers listed in the application form must not own any private property or must not have disposed of such a property within 30 months of the date of application of the EC flat.
Applicants and occupiers have not bought two housing units before (eg. a flat bought directly from HDB, resale flat with CPF Housing Grant, DBSS or EC flat from developer).
Second-time applicants (who are existing owners or ex-owners of a flat, resale flat with CPF Housing Grant, or DBSS flat from developer), must meet the 5-year Minimum Occupation Period (excluding any period of subletting of whole flat) before applying for a new EC flat.

For more information, please refer to the HDB website.

Available Payment Schemes

Bank Loan Ceiling

Date of Booking	Loan Ceiling
After 20 Feb 2010	80% of purchase price

*Purchase = 5% Cash min + 15% CPF or lesser + 80% Loan

Normal Payment Scheme (Progressive)

Stage	Percentage
Upon the grant of Option to Purchase	5% (Booking Fee)
Upon signing of the Sale & Purchase Agreement or within 9 weeks from the Option date	15%
Completion of foundation work	10%
Completion of reinforced concrete framework	10%
Completion of brick walls	5%
Completion of roofing /ceiling	5%
Completion of electrical wiring, internal plastering, plumbing & installation of door & window frames	5%
Completion of car park, roads & drains serving the housing project	5%
Notice of Vacant Possession (TOP)	25%
On Completion Date	15%

Deferred Payment Scheme

Stage	Percentage
Upon the grant of Option to Purchase	5% (Booking Fee)
Upon signing of the Sale & Purchase Agreement or within 9 weeks from the Option date	15%
Notice of Vacant Possession (TOP)	65%
On Completion Date	15%

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