Twin Waterfalls – Frequently asked Questions
Q1. How do I know if I’m eligible for Twin Waterfalls?
A1. Firstly, you must be a Singapore Citizen, at least 21 years old. You must be 1st or 2nd timer applicant, gross monthly household income not exceeding 12k, and must form a valid family nucleus. You can use our eligibility checklist to find out if you are eligible for Twin Waterfalls EC.
Q2. Why is Twin Waterfalls a good buy?
A2. This EC project is by a well known developer with excellent track record. Hence you can expect good designs with quality finishing comparable to private condominiums. Twin Waterfalls executive condominium comes with full condo facilities and extensive landscaping. With close proximity to Punggol MRT station, you can expect a good capital appreciation in years to come.
ECs will be privatised after 10 years. Afterwhich, the pricing will usually match with the nearby private condos.
If you are aware of new private project launches in D19, avg pricing is approx 900-1100psf. For this EC, its estimated to be priced around 720psf. You can potentially shave off 200k-300k at the unit price (20-25%), as compared to private condominiums.
Of course, ECs are subject to resale restrictions.
Q3. How long must I wait before I can sell my EC?
A3. You can only sell it after 5 years from TOP, to Singaporean or Singapore Permanent Resident.
After 10 years, you can sell it to foreigners, as it will become privatised.
Q4. I’m interested, how do I register for Twin Waterfalls?
A4. You are required to fill up an application form to register your interest.
Q5. Can you send me the floorplan?
A5. We will send you the floorplan and siteplan once available. Just register your interest in the contact form provided.
Q6. How do I benefit if I’m a 1st timer applicant?
A6. You can get up to 30k CPF housing grant, with priority on selection.
Q7. I currently own a flat, can I apply for Twin Waterfalls?
A7. Yes, you may, only if you attained the MOP at the time of application. Upon TOP, you must sell off your existing flat within 6 months.
Q8. Do I need to pay resale levy if I sell off my flat, to apply for EC?
A8. Since 2009 onwards, there is no longer need to pay resale levy if you upgrade to EC.
Q9. What is the booking sequence?
A9. Booking sequence is not confirmed at this stage of time. However, all buyers are required to do an eligibility check during the E-application period in order to proceed for booking.
Q10. Do I need to pay any agent commission?
A10. You do not need to pay us any commission. We will assist you through the booking process to buy directly from the developer. From providing you all the required project information, to helping you secure the best choice unit, at no charge.
