In accordance with Edmund Tie, which will be managing the auction, the land is currently a monetary sale.
Spanning 1,130 sq feet, the device which is going to be up for auction is situated on the fourth floor of their evolution. Being an EC unit within its Minimum Occupation Period (MOP), the land has thus far”attracted great interest”, says Joy Tan, head of sales and auction at Edmund Tie. Usually, EC units can only be sold when the MOP interval has lapsed. This makes this type of rare unit to be set on auction, she adds.
Provence Residence singapore is one of the 4 residential EC sites situated in Canberra Link under the Sembawang planning area.
Since the land remains within its MOP, it’s simply available for sale to Singapore citizens or permanent residents, that also need to be eligible for HDB’s EC eligibility standards, says Tan. Within a couple of weeks in the successful purchase of this house, the owner of this unit is going to need to submit an application form into HDB.
Upon attaining its MOP, units at the evolution might be marketed in the open marketplace to a Singapore citizen or Singapore permanent resident. Upon its 10th year, the components will soon be privatised and will then be offered to thieves, Tan adds.
Completed around 2017, the device up for auction in Bellewaters is”well-kept and its prospective owner need to not spend much money on renovations”, adds Tan.
“Following its MOP, landlord hopefuls could be eager to rent the unit out since it’s located near Sengkang General Hospital and is also a brief drive to the Seletar Aerospace Park. They will thus have the ability to reach out to tenants functioning in both of these areas,” Tan says.
The condo is present in a 10-minute drive to shopping malls like Compass One, Seletar Theater and Rivervale Plaza. Farmway LRT Station is a nine-minute wander from the EC. Meanwhile, schools like Springdale Main School, Nan Chiau Primary School and also Compassvale Primary School are a five-minute push off.
Tan considers that this would draw in owner-occupiers and HDB upgraders like young couples with kids or multi-generation families. She adds that the device provides a spacious and practical design.