Sol Acres Executive Condominium (EC) a viable option for homeowners
Enjoy the perks of private homes at more competitive prices
Priced lower than private condominiums, Executive Condominiums (ECs) have been popular buys ever since their introduction 20 years ago.
ECs are government subsidised housing that are built in the same manner and style as private condominiums, but are bound by Housing Development Board (HDB) regulations. Buyers of ECs are required to live in it for the first five years, during which they are not allowed to rent out the whole property or invest in other private residential property. After five years, EC owner can choose to sell their property to both Singaporeans and permanent residents, or wait till 10 years when their property becomes privatised and eligible for sale to foreign buyers as well.
Buyers for ECs are eligible only if their household monthly income does not exceed $12,000.
Astute buyers see the value proposition of ECs as they tend to have a higher capital appreciation value than standard HDB flats as well as a lower quantum than private condominiums. They stand to benefit from a lowet price on a dollar foot basis, with a property that has the potential to sell at prices comparable to that of private condominiums.
Benefits of owing an EC
- No additional buyer’s stamp duty.
- CPF grant of up to $30,000.
- Deferred payment
Sol Acres Executive Condo a 99 years leasehold development, developed by MCL Land, the developer of J Gateway and Lakeville condominiums.. Sol Acres with its sprawling 354,228 sqft of land will be the largest EC development in Singapore. Sol Acres comprises 13 residential tower blocks that range from 19 to 25 storeys, and is expected to be completed in 2019.
Sol Acres Executive Condo is located at Choa Chu Kang Grove in District 23 and situated five minutes’ drive away from upcoming Jurong Lake District, Singapore’s second CBD which offers a quiet retreat for young couples, newly -weds, and multi-generation families.
Sol Acres EC come with full condo facilities that provide residents with entertainment needs which include swimming pool, club house, guard house,gym, children play ground and many more.
Large-scale development with unique architecture
Sol Acres will be the first EC to feature one-bedroom and one-bedroom plus study units on top of stand two-bedroom, three-bedroom, four-bedroom units also come in compact and premium configurations, or tihe an additional study unit as well.
Sol Acres’ design emphasises on elegance while keeping functionality in mind. Some units are in-built with unique cross-ventilation arrangements that allow for the natural cooling of living spaces, making it ideal for the warm climate. Selected units have FlexRooms that can double up as a study or guest room.
The property has a gourmet chef terrace, alfresco and barbacue dining pavillions, green fingers’ corner, as well as children’s party rooms and three clubhouses to hold family events.
Residents can indulge in a variety of recreational activities, such as rollerblading, tennis, futsal and yoga, with the in-house rollerblading trail, two tennis courts and multi-purpose court.
There are also four swimming pools – lap, family, children and spa, for everyone to enjoy water activities of their choice. A foot reflexology corner, suitable for elderly residents, is available too.
Pet owners can look forward to pampering their pets at the pets’ corner.
Sol Acres (EC) offers the ease of commute with nearby accessibility to bus and MRT networks. Sol Acres Executive condominium is located three to five minutes’ walk away from Keat Hong and Teck Whye LRT stations. Teck Whye LRT station is two stops to the upcoming Downtown Line, Bukit Panjang MRT staion, which is set to be completed in 2016. This offers residents easy access to popular shopping districts like Marina Bay and Orchard Road.
Residents who drive hae the accessibility of nearby Kranji Expressway (KJE) and Pan Island Express (PIE) , Choa Chu Kang Central and Jurog Est Central are not more than a ten-minute drive away. A free shuttle service is also available, from Sol Acres to Jurong East MRT station, for one year.
Families with School-going children from primary to university levels will appreciate the close proximity to South View Primary, Bukit Panjang Covernment High School, Teck Whye Primary School, Choa Chu Kang Primary, Choa Chu Kang Secondary, Kranjo Secondary School, Pioneer Junior College, National University and Nanyang Technological University.
There is no lack of shopping, food and entertainment with Sol Acres conveniently located near shopping malls Bukt Panjang Plaza, Lot 1, Junction 10 Keat Hong Shopping Centre, Greenridge Shopping Centre and Sunshine Place. Residents can also visit nearby Bukit Panjang Community Library to catch up on their favourite reads or Tembusu Park and Chinese Garden for a run or stroll
Nearby Jurong Lake District – Singapore’s second CBD, is developing further into a prime lifestyles hub. The area holds much potential for growth with the upcoming Kuala Lumpur-Singapore high speed rail, and the Jurong Region and Cross Island MRT networks under construction.
Attractive property with long-term potential
New Executive Condominium ECs like Sol Acres will likely be priced 20 to 30 per cent cheaper than private condominiums.
This affordability, coupled with various financing options available for the purchase of Executive Condominium ECs makes Sol Acres a choice buy for home owners and investors alike.
Sol Acres looks set to be a choice buy for first-time buyers as well as existing HDB homeowners.
For booking information call hotline 9677 8677
More information on the Housing Grant : HDB InfoWeb
For other private condominiums new launch visit : www.propertyhotlaunch.com
Sol Acres Executive Condominium
|Project Name||Sol Acres Executive Condominium|
|Developer||MCL Land (Brighton) Pte Ltd|
|Address||Choa Chu Kang Grove|
|Description||13 blocks of 22 / 25 storey residential (aligned to NS orientation)|
1 bedroom, 1+study, 2 bedroom, 2+study, 3 bedroom, 3+FlexRoom,
4 bedroom, 4+FlexRoom, 5 bedroom
|Tenure||99-years leasehold commencing from 2nd June 2014|
|Site Area||32,908.6 sqm / 354,228 sqft|
|Total Units||1327 units|
|Car Parks Lots||Total 1327 car park lots ( including 9 handicapped lots)|
|Expected TOP||31st March 2020|
|Facilities||Swimming, Gym, Spa Pool, community sky garden, Reflective pool, children playground, Pavilion & BBQ|
|No. of Lift Lobbies||1 Lift Lobby with 2 lifts / Block|
|Eligibility||SC/SC, SC/SPR, SC/Foreigner with SC/SPR Child|
Units Launch in Phase 1 for buyers who have registered their interest with us.
|Block||Total number of units|
Sol Acres EC – Type of Units Available
CHOA CHU KANG MASTERPLAN
Present & Upcoming Choa Chu Kang
Project Site Plan
Sol Acres Executive Site Plan
Project Floor Plan
Sol Acres Executive Condominium Floor Plan