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Lumina Grand EC | How profitable are today’s EC? 2024 EC launches revealed


In this episode of Jia En Property Youtube Series, I shared how profitable New Launch Executive Condos (EC) are and the upcoming supplies of the Executive Condo.


LUMINA GRAND EC LOCATION

In 2024, the latest EC launching will be the Lumina Grand EC by CDL.  Lumina Grand is right beside the Altura EC,close to the Bukit Gombak MRT, Tengah Plantation and Tengah Park MRT. In fact, the Jurong Regional Line is expected to be completed by 2028 and should be ready by the time you are collecting the Lumina Grand keys. With the latest Jurong Regional Line, it will definitely be more convenient for you to travel to town and around Singapore.




FUTURE EC PRICES AND EC LAND BIDS

The subsequent ECs that will be launching includes the Tampines Street 62 Parcel B EC, Tengah Plantation Close EC and Jalan Loyang Besar EC. In Nov 2023, the government also stated that a new plot of Tampines Street 95 will be made available under the reserve list.


IS LUMINA GRAND LOCATION TOO REMOTE AND HOW DOES IT AFFECTS THE PROFITS?

In the past, there are also many ECs which buyers thought were remote, but how are they performing today? Let’s take a look at the nearby Wandervale EC and Sol Acres EC at Choa Chu Kang.



These projects TOP in 2018 and several owners have sold after their 5 years MOP period. We can see that several Wandervale and Sol Acres owners have made more than $600K in profits and some owners have made close to $850K profits!


How about other locations which some buyers might also think are remote, such as The Terrace in Punggol and Bellewaters in SengKang?



Both The Terrace and the Bellewaters owners between $600K to near $900K profits! Regardless of the location, first time ECs owners will definitely make money from buying ECs, and congratulations for the EC owners out there!



SHOULD YOU BUY LUMINA GRAND EC OR WAIT FOR THE FUTURE ECS?

EC Launch prices are often determined by the land bid price. How's Lumina Grand EC price compared to the other future plots?



HOW DOES LAND PRICE AFFECT THE NEW LAUNCH EC PRICES?


We can see the examples with CopenGrand EC, Tenet EC and Altura EC. With a higher land rate, there was higher average prices and the recent Altura EC had the highest transacted psf of $1580psf. If you’re eligible for the Lumina Grand today, you should consider getting it earlier and lock in your profits.


For the future plots, we can see that the land bid prices are increasing and hence the future launch price may be higher. For Lumina Grand EC, CDL won at $626 psf per plot ratio (ppr). The Tengah Plantation Close plot 1 has been tendered jointly at $703 psf per plot ratio (ppr) by Hoi Hup Realty and Sunway Developments. The Tampines Street 62 (Parcel B) has been awarded to Sim Lian at $721 psf per plot ratio. Compared to Lumina Grand land bid of $625 psf ppr, the future land plots, there is a difference in land cost by more than 12% and the future ECs are likely to have a higher launch price.


EC has some eligibility criteria which you will need to know. Do contact me now for free consultation at the link here or at https://wa.me/6594314533 . Chat with you soon!


Why Act Today?


1. OPPORTUNITY WAITS FOR NO ONE

Opportunities are fleeting, and the best time to act is always now. Whether you're considering a career change, personal development, or seeking professional advice, delaying action may mean missing out on a chance that could shape your future.


2. INVEST IN YOUR FUTURE SELF

Your future self will thank you for the decisions you make today. By taking action now, you are investing in a better and brighter future. Don't let procrastination be a roadblock to the success and happiness you deserve.


3. UNLOCK YOUR POTENTIAL

Many of us have untapped potential waiting to be unleashed. A consultation can be the catalyst for discovering your strengths, overcoming challenges, and achieving goals you never thought possible. It's time to break free from limitations and soar to new heights.


Schedule Your Consultation Now!

"Your Success Awaits – Book Your Consultation Today!"

I am ready to help you navigate through your journey. Whether you seek property advice, or financial / asset planning guidance, a consultation is the first step towards realizing your dreams. Whatsapp me at 94314533 to book your consultation.


Alternatively, you can contact me here at this link or https://wa.me/6594314533. Chat with you soon!






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