After gaining its independence,
Singapore faced the huge problem of housing shortages; slums were an all time
high. To tackle this problem government decided to build low-cost housing units
for low income group. For those who cannot afford private housing, public
housing & EC’s are the best solution for them.
Executive condominium is a mix of private and public housing, very famous
in Singapore. These condominiums provide all the facilities of private housing
such as security, clubhouses, playgrounds, swimming pools, health clubs etc. These
are available at lower prices than private homes because the land prices are
subsidized by government.
There are some rules and
regulations as to who can buy an EC. Some of them are; household income should
not be more than $14000, minimum occupancy period of five years during which it
cannot be rented or sold, after 5years it can be sold only to Singapore citizens
or permanent residents and so on.
Northwave EC is a brand new executive condominium project,
located at the junction of Gambas Avenue and Woodlands Ave 12, and will be able
to yield about 390 units.
It is solution to your dreams of
moving to a better residential area with all the facilities of private condos.
Those people who cannot afford private housing condos have the best solution as
Northwave EC.
When we look for buying our future
home, amenities is an important factor besides the budget and location. Northwave EC provides that in
abundance. Woodlands area mart and Sun Plaza and eateries are some of the
shopping and eating joints nearby giving a higher living standard. Directly
across the development is a site currently reserved for a school which would be
highly beneficial for families with kids.
Northwave EC is providing full condominium facilities like any
high end condominiums in Woodlands and Singapore. You will get your entire basic requirement
fulfilled locally as many amenities are available nearby such as food court,
coffee shop, community center and so on.
Northwave EC is developed by Hao Yuan Investment, a subsidiary of
MCC Land. Hao Yuan Investment is very experienced in real estate development.
Their portfolio contains The Nautical in Sembawang, The Santorini in Tampines, and
Forestville in Woodlands. Northwave EC
is ideal investment option also because of upcoming Northpoint City and
Causeway Point.
We believe in providing the best
facilities within affordable budget.
