Gigantic Headache....

Take a look here....

Blossom Residences....Nice right? The price is 723psf, located deep in Bukit Panjang and 3 LRTs away from the future MRT.

The Warren, located few hundred meters from CCK MRT, is asking for about 780psf.

If you were me, which one will you buy (assuming budget is not the main factor here).

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SO and I went to the showflat for Blossom Residences a few weeks ago with the agreed mindset to just simply take a look around. We ended up spending 5hrs there and nearly bought a unit!! The only thing that stopped us was our lack of essential documentations and the chequebook!!

After walking out of there, doing some homework and a few days later, we decided that Blossom is not that good a deal afterall....

And so we set our sights on the upcoming Executive Condo in CCK by City Development, expecting to launch in Nov or Dec. A week later, we gotten news that a new DBSS project, The Trivelis, in Clementi and minutes' walk from the MRT, will be launching in End Oct.

Here comes the headache :

SO is VERY keen in the Trivelis for its location. I'm for it too, based on location. However, I'm also looking at the potential upside of the property 5-10yrs down the road when this property becomes eligible for sale.

I'm resigned to buying a property at today's high price, but I'm also looking at how much can I potentially gain or even breakeven when I decided to sell this unit in the future. There is a limited upside to a HDB flat no matter what and thats because you can only sell it on to another fellow Singaporeans or PRs and also that's if the Ethnic Quota for the block had not been reached.

An EC, is completely different. An EC can be sold after 5yrs, but only to Singaporeans or PRs and to anyone (even foreigners) after 10yrs. With the continued influx of foreigners into the country, I've no doubt that the prices of condos will only head north no matter what price you bought it at. The only problem is how far north and whether you have the money to buy it now.

My preference would have been an EC in the west anytime. The CCK EC will be the only EC launched in the west for the next few years for I do not see any allocated sites in the west for ECs for the next few months. And if the price difference between the DBSS and the EC is 100k, we might as well bite the bullet and go for the EC, correct?

Ok, having said so much, the main part is finally coming....

The Trivelis will be launching end of this month, the CCK EC tentatively end of next month or even December. If we ignore The Trivelis now and the CCK EC turns out to be out of our budget, we may be stuck with nothing and have to settle for a resale HDB flat.

If we go ahead and apply for The Trivelis, and happened to be successful, doesn't that mean the end of my EC dream? And we'd have wasted a perfect chance to own a "half"-condo at a slight discount!!

I know that we can't have our cake and eat it too, but I'd really love to at least give the 2nd cake a try before the 1st cake....

How how how???? What should we do????