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Lake Life EC Timeline

By Property Lobang in on 13:14 with No comments

Lake Life EC Timeline

TIMELINE

Event Date Time
Viewing of Show Gallery Model 4 – 12 Oct 10AM – 8PM
E-Application Closing Date 12 Oct 8PM
Viewing of Show Flat Unit (3 & 4 Bedroom) 5 – 6 Nov 10AM – 8PM
Price Release 5 – 6 Nov 10AM – 8PM
GRO Booking 8 Nov 9AM – 10AM
Public Booking (for registered e-applicants) 8 Nov 10:30AM – 6:30PM
Public Booking (for registered e-applicants) 9 Nov 9AM – 12PM
Public Walk-in Selection 9 Nov From 2PM onwards
(all dates indicated are subject to change without prior notice)
Contact Me

By Property Lobang in on 12:13 with No comments

























A couple of years from now, you could be walking by Lake Life EC and thinking,"
This is such and beautiful and fantastic project! How I wish I had gotten a unit here!"
OR you could be thinking," What a wonderful project!! I am so glad that I own a unit here!
Which would you prefer??

With a HUGE Upside potential and very little downside risk for this amazing project,
I believe that you should be interested and get excited over Lake Life and you really
should contact me NOW for a presentation!




E-Application for Lake Life EC

By Property Lobang in on 12:07 with No comments

E-Application for Lake Life EC

E-Application is mandatory for all purchasers who wish to buy an executive condominium (EC). It is a free-of-charge, non-obligatory process for developers to access the eligibility of EC purchasers.































The HDB may also request for other documents to be submitted other than those listed below.


Employed Person Assessment is based on average monthly gross income (excluding income earned from overtime work) which includes allowances (fixed/variable) received on a regular basis (e.g. transport, food, laundry, uniform, etc).

Documents to submit:
  • Latest 3 months’ payslips i.e. month of application and preceding 2 months; or
  • Letter from employer (with company stamp/letterhead, name, signature and designation of certifying officer) certifying salaries for the month of application and the preceding 2 months

NOTE:
Self-employed Persons Assessment is based on the average monthly gross income for the past 12 months

Documents to submit:
Part-time Worker Assessment is based on the average monthly gross income for the past 12 months

Documents to submit:
  • Latest 12 months’ payslips; or
  • Letter from employer (with company stamp/letterhead, name, signature and designation of certifying officer) certifying salaries for the last 12 months
Commission-Based Persons Assessment is based on the average monthly gross income for the past 12 months

Documents to submit:
  • Latest 12 months' commission statements/payslips; or
  • Letter from employer (with company stamp/letterhead, name, signature and designation of certifying officer) certifying salaries for the last 12 months
Odd Job Worker Assessment is based on the average monthly gross income for the past 12 months

Documents to submit:
  • Latest NOA from IRAS and
  • Previous years NOA from IRAS
Unemployed Persons Proof of unemployment
  • Statutory Declaration* to declare the employment status or
  • Valid Student Pass

*Note:
  • Applicable to applicants and occupiers between 18 and 62 years old who are unemployed.
  • If the applicants and occupiers are unemployed for fewer than 3 months, the average income will be computed based on the number of actual months he/she has worked.

Statutory Declaration may be executed at the Sales Office at HDB Hub or any HDB Branches. If you are not in Singapore, you can make the Statutory Declaration in the presence of a Commissioner for Oaths or Notary Public in the country of your stay.


Income/Allowance considered

Examples of income / allowance that are considered in the computation of household income are:
    • Pension
    • Stipend
    • Sustenance
    • Allowances (fixed/variable) received on a regular basis (eg transport, food, laundry, uniform, etc)


Income/Allowance not considered

Examples of income / allowance that are not considered in the computation of household income are:
    • Rental income
    • Interest from fixed deposit/savings account
    • Alimony allowance (divorce cases)
    • Bonuses
    • Director fees
    • Scholarship overseas allowance
    • Income earned from overtime work
    • National Service Allowance
CPF Housing Grant for Family EC

By Property Lobang in on 12:00 with No comments










CPF Housing Grant for Family EC
EC Buyer with Average Gross Monthly Household Income up to $10,000

Type of Grant Available
Amount
SC / SC Household
SC / SPR Household
CPF Housing Grant for Family

Read more about Promoting Citizenship in HDB Households
$30,000
$20,000#
Half Housing Grant
  • If you are a first-timer citizen and your spouse has previously taken a housing subsidy
$15,000

#If you are from an SC/SPR household, you can apply for the Citizen Top-Up when your SPR family takes up Singapore Citizenship or when you have an SC child.

EC Buyer with Average Gross Monthly Household Income from $10,001 to $11,000
From 15 Aug 2011, first-timer households with monthly income between $10,001 and $11,000 may buy new ECs with a CPF Housing Grant of $20,000. This revision is only applicable to EC projects launched for public sale on or after 15 Aug 2011.

Type of Grant Available
Amount
SC / SC Household
SC / SPR Household
CPF Housing Grant for Family

Read more about Promoting Citizenship in HDB Households
$20,000
$10,000#
Half Housing Grant
  • If you are a first-timer citizen and your spouse has previously taken a housing subsidy
$10,000

#If you are from an SC/SPR household, you can apply for the Citizen Top-Up when your SPR family takes up Singapore Citizenship or when you have an SC child.

EC Buyer with Average Gross Monthly Household Income from $11,001 to $12,000
From 15 Aug 2011, first-timer households with monthly income between $11,001 and $12,000 may buy new ECs with a CPF Housing Grant of $10,000. This revision is only applicable to EC projects launched for public sale on or after 15 Aug 2011.

Type of Grant Available
Amount
SC / SC Household
SC / SPR Household
CPF Housing Grant for Family

Read more about Promoting Citizenship in HDB Households
$10,000
$0#
Half Housing Grant
  • If you are a first-timer citizen and your spouse has previously taken a housing subsidy
$5,000

#If you are from an SC/SPR household, you can apply for the Citizen Top-Up when your SPR family takes up Singapore Citizenship or when you have an SC child.

Read more on the Citizen Top-up

Eligibility Conditions

Criteria
Detailed Description
Citizenship You are a Singapore Citizen. Your family nucleus must comprise at least another Singapore Permanent Resident or Singapore Citizen.

Read more about Promoting Citizenship in HDB Households
Age 21 years old and above
Family Nucleus You are applying with your:
  • Spouse and children (if any), or
  • Fiancé/fiancée (must be able to produce your marriage certificate, latest by the date of keys collection), or
  • Children under your legal custody, care and control (if widowed or divorced)
Household status You and the essential family members listed in the application for purchase of the flat must not:
  • Be the owners of a flat bought direct from HDB, a DBSS flat or an Executive Condominium bought from the developer
  • Have sold a flat bought direct from HDB, a DBSS flat or an Executive Condominium bought from the developer
  • Have received the CPF Housing Grant for the purchase of an HDB resale flat
  • Have taken other forms of housing subsidy (for example, benefitted under the Selective En bloc Redevelopment Scheme, privatisation of HUDC estate etc)


How to Apply
You may apply for the CPF Housing Grant for Family when you book an EC with the developer.
EC Financing and Payment Scheme

By Property Lobang in on 11:34 with No comments
EC Financing and Payment Scheme

EC Buyers can only get their housing loan from the banks as
HDB does not provide it for EC purchases.

Housing Loan Information


 ≤ 30 Years loan tenure >30 years loan tenure or extends past age 65
Maximum Loan Limit 80% 60%
Minimum Cash Downpayment 5% 10%

Buyer’s Stamp Duty

Nationality Buyer’s Stamp Duty Additional Buyer Stamp Duty(ABSD)
Singapore Citizen 3% – $5400 of Purchase Price Not Applicable for EC
Permanent Residents

Payment Scheme – Choose either ‘NPS’ or ‘DPS’

Normal Payment Scheme (NPS) aka Progessive Payment Scheme 

Stage Payment Under a Standard Payment Scheme (% of Purchase Price)
Upon the grant of Option to Purchase 5% (Booking Fee)
Upon signing of the Sale & Purchase Agreement or within 8 weeks from the Option date 15%
Completion of foundation work 10%
Completion of reinforced concrete framework of unit 10%
Completion of partition walls of unit 5%
Completion of roofing/ceiling of unit 5%
Completion of door sub-frames/ door frames, window frames, electrical wiring, internal plastering and plumbing of unit 5%
Completion of car park, roads and drains serving the housing project 5%
Notice of Vacant Possession (TOP) 25%
On Completion date 15%

Deferred Payment Scheme (DPS)



Stage Payment Under a Standard Payment Scheme (% of Purchase Price)
Upon the grant of Option to Purchase 5% (Booking Fee)
Upon signing of the Sale & Purchase Agreement or within 8 weeks from the Option date 15%
Notice of Vacant Possession (TOP) 65%
On Completion date 15%


EC Payment Line Chart
































































































































Eligibility to buy Executive Condominium

By Property Lobang in on 10:19 with No comments


Eligibility to buy Executive Condominium


Eligibility Conditions
Household Status
Time Bar


Citizenship

- You must be a Singapore Citizen
- Your family nucleus must compromise at least another Singapore Citizen or Singapore Permanent Resident

Age

- You must be at least 21 years old at the time of application
- If you are buying an Executive Condominium (EC) under the Joint Singles Scheme, you must be at least 35 years old

Family Nucleus

You must form a proper family nucleus under one of the following schemes:
Types of Scheme Family Nucleus Requirement
Public You, the applicant and;- Your spouse, and children (if any)
- Your parents, and siblings (if any)
- Your children under your legal custody, care and control (for widowed/ divorced)
Fiancé/Fiancée
Additional Information		 You, the applicant and your fiancé/fiancée
Orphan
Additional Information		 You, the applicant and;- Your unmarried siblings, or
- Another single unrelated orphan
Joint Singles
Additional Information		 You, the applicant and another single person
You may buy a dual-key EC units if you form a multi-generation family as follows:
(i) Married couple with parents/grandparents
(ii) Fiancé and fiancée couple with parents/grandparents
(iii) Widowed/divorced with children and parents/grandparents


Income Ceiling

Your average gross monthly household income must not exceed $12,000.
Press Release on 14 September 2011 – More choices for Executive Condominium buyers


Special Requirement for Undischarged Bankrupts

Undischarged bankrupts need to seek the Official Assignee (OA)’s consent if they are applying for an EC. However, they do not need to seek the OA’s approval to be listed as an occupier.


Ownership in Private Property

You, your spouse, any occupiers listed in the Application Form or their spouses must not own or dispose or have an estate or interest in any other flat, house, building or land*
- Within 30 months before the date of application, and
- Between the application date and the date of taking possession of the EC
* includes but not limited to:
- HUDC flats (Privatised and Non-Privatised)
- Properties acquired by gift
- Properties inherited as beneficiaries under a will or as a result of the Intestate Succession Act
- Private properties
- Properties owned/acquired/disposed through nominees regardless of properties location


Owners/Ex-owners of HDB flats / DBSS flats / EC units

Each eligible Singaporean household can buy the following housing unit only twice:
- a flat from the HDB;
- a resale flat with the CPF Housing Grant*;
- a DBSS flat from developer;
- an EC unit from developer.
*Only applicable for first-timer applicants
If you have already bought two housing units, you will not be eligible to apply or be listed as an essential occupier in an application.


First-timer Applicants

You and the essential family members listed in the application for purchase of the flat must not:
- Be the owners of a flat bought direct from HDB, a DBSS flat or an Executive Condominium bought from the developer
- Have sold a flat bought direct from HDB, a DBSS flat or an Executive Condominium bought from the developer
- Have received the CPF Housing Grant for the purchase of an HDB resale flat
- Have taken other forms of housing subsidy (for example, benefitted under the Selective En bloc Redevelopment Scheme, privatisation of HUDC estate etc)


Second-timer Applicants

You or the essential family members listed in your application have owned/sold or are currently owners of:
- Any HDB flat that was bought from HDB, or
- Any resale flat that was bought under the CPF Housing Grant Scheme, or
- A DBSS flat or an EC bought from the developer, or
- Have enjoyed other forms of housing subsidy (for example, enjoyed benefits under the Selective En bloc Redevelopment Scheme, privatisation of HUDC estate etc.)


Existing Owner or Ex-Owner

Are you, your spouse or any of the essential occupiers listed in the application an existing owner or ex-owner of a:
- Flat bought directly from HDB
- DBSS flat bought from the developers
- Resale flat bought under the CPF Housing Grant Scheme
If you belong to any of the above categories, you may apply to buy an EC on condition that a 5-year period (excluding any period of subletting of the whole flat) has lapsed from the *date of taking possession of the flat to the date of application for a new EC
* The date of taking possession refers to following dates (whichever is applicable):
- Date of key collection, for flats that are bought direct from HDB
- Date of resale completion, for purchase of resale flats from the open market bought with the CPF Housing Grant
- Date of transfer at market value of the flat bought with CPF Housing Grant
- Date of key collection for EC/DBSS flats bought from the developer


Ex-owners of an EC

Are you, your spouse or any of the essential occupiers listed in the application an ex-owner of an Executive Condominium bought directly from the developer? If yes, you would need to meet a 5-year period from the date of taking possession of the earlier Executive Condominium.


30-Month Period

In addition, you need to wait out a 30-month period from the effective date of disposal (i.e., date of legal completion of the sale of their Executive Condominium, evidenced by the Notice of Transfer or such other documentary evidence as HDB may require) of the Executive Condominium before you can apply to buy another Executive Condominium directly from the developer.


Essential Occupiers

You or any person listed the application must not be currently listed as an essential occupier of:
- An existing HDB flat bought directly from HDB,
- A DBSS flat bought under the CPF Housing Grant Scheme, or,
- A resale flat bought under the CPF Housing Grant Scheme
However, an essential occupier may apply or be included in an application only if he has stayed in the existing flat for 5 years from the *date of taking possession of the existing flat to the date of application for an EC.
* The date of taking possession refers to:
- The date of key collection, for flats that are bought directly from HDB
- The date of resale completion, for purchase of resale flats from the open market bought with the CPF Housing Grant
- The date of transfer at market value of the flat bought with CPF Housing Grant
- The date of key collection for Executive Condominium/DBSS flats bought from the developer, whichever is applicable.


Divorcees

Within three years from the date of the divorce, only one party in the divorce can own one of the following housing units:
- a flat bought directly from the HDB
- a DBSS flat / EC bought directly from a private developer
- a resale flat bought from open market under the CPF Housing Grant Scheme
If you have an existing matrimonial home, which is one of the above, and that home is retained by your ex-spouse, you may apply to buy or be listed as an essential occupier in any of the above housing unit only three years after your date of divorce.
However, this three-year wait out period will not apply if you are buying any of the above homes with your parents or a new spouse, or if you are buying a resale flat from the open market without the CPF Housing Grant.

If there is no matrimonial home or the matrimonial home was bought from the open market without any CPF Housing Grant, you may apply for any of the above housing units after you get your ex-spouse’s consent not to own or be listed as an essential occupier in any of the above housing units within the three-year period from the date of divorce.
The requirement for ex-spouse’s consent is waived if you are buying any of the above housing units with your parents or a new spouse or if you are buying a resale flat from the open market without the CPF Housing Grant.

The requirement to seek ex-spouse’s consent during the three-year period from the date of divorce is also waived if you meet the following conditions:
- All your children are below 18 years old at the date of divorce; and
- You have the legal custody of all your children and are also the only parent with the care and control of all your children.


Person Who Has Bought an EC/DBSS Flat with CPF Housing Grant

A person who bought an EC or DBSS flat with CPF Housing Grant and terminated the Sale and Purchase Agreement may apply to buy an EC.
However, this is allowed on the condition that a 5-year period has lapsed from the termination date of the Sale & Purchase Agreement of their earlier EC or DBSS flat purchase, to the date of application date for an EC.
Jurong Master Plan Video

By Property Lobang in on 10:05 with No comments


Jurong Master Plan Video

Do you know that even our dearest PM Lee is also promoting
and telling you that you should get your dream home at
Lake Life EC?
Watch what did the PM said in National Day Rally this year.



Now see what did URA will do to Jurong district:

Jurong Master Plan

By Property Lobang in on 09:54 with No comments
Jurong Master Plan




















JURONG GATEWAY – 70Ha Land

AMENITIES
  • Jurong Town Centre/ Regional Centre
  • Ng Teng Feng General Hospital and Jurong Community Hospital
  • CET Campuses
  • International Business Park (New Business Location by the Lake)
  • Shopping Malls (FnB & Entertianments) – JCube, JEM & IMM
  • New Big Box Retail Development (4th & Last Retail Warehouse in Singapore)
  • Future High Rise Offices (500,000sqm of Office Space) – JTC Submit
  • Future Hotel Cluster (2,800 hotel rooms)
  • Future Commericial & Transport Hub (Integrated Jurong East MRT (interchange station for N-S & E-W lines and Bus Interchange)
  • Future Mixed-Use Development (250,000sqm of Retail & Entertainment) – Westgate, Upcoming Venture Avenue (office + retail podium)
  • 1,000 New Homes (J Gateway Condo)
  • Seamless Connections
  • Jurong Entertainment Centre Redeveloped (Landscaped Predestrian Mall from MRT to the lake)

LAKESIDE – 220Ha Land, 70Ha Water

AMENITIES
  • New Waterway & Lakeside Village (get close to the lake/ shop & dine by the lake/ new chillout place by the lake)
  • New Waterfront Playground
  • New Lakeside Hotels
  • More Attractive Gardens (Chinese Garden & Japanese Garden)
  • Enhanced Waterfront Park (water activities in Jurong Lake such as Kayaking & Dragon-boating)
  • New Edutainment Attractions for the Family (New World Class Science Centre integrated with Chinese Garden MRT)









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