Executive Condominium (EC) By Frasers Centrepoint @ D19 Compassvale Bow (Sengkang)

Having received many enquiries on this project,

I will like to share this checklist with all valued clients:

Citizenship
You must be a Singapore Citizen
Your family nucleus must comprise 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

Income Ceiling
Your gross monthly household income must not exceed $10,000

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


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.


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 enjoyed other forms of housing subsidy (for example, enjoyed benefits under the Selective En bloc Redevelopment Scheme, privatisation of HUDC estate etc)


Higher Quota of the EC Supply for First-time Applicants during Initial Launch Period

The developers will set aside 95% of the supply for first-timers during the initial launch period.



Type of Scheme

(1) 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)

(2) Fiancé/Fiancée
You, the applicant and your fiancé/fiancée

(3) Orphan
You, the applicant and;
Your unmarried siblings, or
Another single unrelated orphan

(4) Joint Singles
You, the applicant and another single person

For more info, please refer to:
http://www.hdb.gov.sg/fi10/fi10321p.nsf/w/BuyingNewFlatEC?OpenDocument

Location
Buangkok Drive / Compassvale Bow

Leasehold
99 years

Site Area
19,000 sqm (Approxi. 204,516 sqft)

Proposed Executive Condominium Development comprising 9 Blocks of 18 storey residential flats with recereational facilities

Approx. 573 units

2 bdrm / 3 Compact / 3 bdrm with Utility Room / 3 bdrm Dual-Key /

4 bdrm with Utility Room / 4 bdrm Dual-Key / Penthouses


Unigue Selling Points:

3 mins walk to Buangkok MRT Station

3 MRT stations to Future Serangoon MRT Interchange (North-East & Circle Line) / NEX Mega Shopping Mall

Approx. 15 - 20 mins MRT ride / drive to City centre and CBD

Proximity to shopping malls
(Compass point, Rivervale Mall, Hougang Plaza, Hougang Mall, Upcoming NEX Mega Shopping Mall)

Good Schools like Montfort Secondary School, Convent of the Holy Infant Jesus (CHIJ)


Future Investment Potential:
Punggol Waterfront Promenade
Aerospace Industry Cluster & Seletar Airport
Capital Appreciation