If you are planning to buy a luxury home in Singapore, you may want to check out the Sceneca Residence Floor Plan. There are several ways in which you can find this kind of floor plan. You can chat with the private connections of a real estate agent. In addition, you can also browse various online resources for more information. Aside from looking at the floor plan, you can also find out the prices of ECs in Singapore.

Sceneca Residence floor plan can be found by chatting to the private connections of the real estate agent

The Sceneca Residence is an upcoming mixed development that will be launched in mid 2022. This new project is one of the most anticipated launches in District 16 as it is the only plot of land that was released there. Located at a prime location, the luxury units at Sceneca Residence will have direct connectivity to the East-West Line and Changi Airport. In addition, the building will offer a luxury lifestyle that will exceed expectations.

To get a better idea of what the interior design is like, you can visit open houses and model homes in the neighborhood. By chatting with the real estate agent's private connections, you can also discover a floor plan. It is also important to remember that the real estate agent can give you access to this information if you want to make an offer on the property.

Executive Condominiums are a great option for beginning with time householders

For first-time homeowners, an executive condominium is an excellent choice. Both private and public condominiums have full suite amenities. Both types of housing are constructed by private developers. Executive condominiums are hybrid housing - part public housing, part private condo - and are ideal for people with a high income, but not a high enough income to qualify for a public housing unit.

When purchasing an Executive Condominium, you must consider your finances and how much you're willing to pay. First-time purchasers should have a monthly gross income of $14,000 or lower. Second-time buyers should have a co-applicant who is a second-timer or receives housing subsidies. Then, you should decide on your instalment payment option. If you can't afford the full purchase price, you can defer the payments until the completion of the development.

Private condominiums are cheaper than ECs. They usually come with amenities like swimming pools, tennis courts, BBQ pits, function rooms, and gyms. Executive condominiums are usually furnished and feature finishes that match those of private condominiums. Additionally, you can benefit from the CPF Housing Grants, which help to offset the costs of buying a condominium. After five years, you're eligible to apply for the CPF Housing Grant.

Prices of ECs in Singapore

Since 2010, the average price of ECs in Singapore has increased by 43.6 per cent. That means that a 2010 EC buyer is sitting on an average investment gain of $264,000, or a 2.8 per cent annualised return. This is an enviable growth rate, but it comes at a cost. While the EC sector is still growing, it is likely to slow in the next decade or so.

To keep prices low, EC developers should consider the monthly income ceiling of $16,000 per household. This figure will help them calculate how much of a potential buyer can afford to spend. Another consideration is the mortgage servicing ratio, which refers to the percentage of a buyer's gross monthly income that is dedicated to servicing the mortgage on the property. The higher the MSR, the higher the monthly payments will be. If the MSR is too high, EC prices can drive away potential buyers.

One of the most compelling reasons to purchase an EC in Singapore is the high appreciation potential. It's an excellent investment choice for those who want to enjoy rental income while waiting for the construction period to be completed. ECs are more affordable than private condos, landed properties, and HDB resale flats. But the downside to buying an EC is the fact that the majority of ECs in Singapore are located in areas where they are less accessible, and far from MRT stations.