SPECIAL INFO

Project Details

Super Attractive Prices at The Brownstone EC!

Own a 3 Bedroom unit at an EC next to MRT from only $6XXk!

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brownstone ec

Brownstone EC at Canberra Drive

Brownstone EC is the latest Executive Condominium development located in Canberra Drive, Singapore. Sitting on the intersection of the Canberra Link, Canberra Drive and Sembawang Road, the prestigious project will be built by renowned developers, City Development Limited(CDL) and TID Residential, a subsidiary of Hong Leong Holdings Limited. With the accolades of earlier developments, both powerhouses are anticipated to conclude yet another outstanding product upon Brownstone EC TOP by year 2019.

Nearby from Brownstone EC, there will be an upcoming Canberra MRT Station serving the North-South line. Expected to be ready in 2019. Residents that commute using public transport will enjoy the convenience of travelling to City and CBD area without much hassle. Topping up to the already great connectivity, motorists will have an alternative route for travelling to Central Singapore via the upcoming North-South Expressway (NSE).

Expected to complete by 2020, the eleventh in Singapore will run parallel with the Cental Expressway (CTE) while intersecting with CTE itself, Pan-Island Expressway (PIE) and East Coast Expressway (ECP). The 16 in-ramps and 17 out-ramps of the NSE will connect the city centre to the North region such as Yishun, Sembawang and Woodlands, shortening the peak hour travelling time by about 30% for dwellers in Brownstone EC.

Away from the hustle and bustle of life, Sembawang Town is close to nature and is rich in heritage. Sembawang Park offers a tranquil park with a beautiful beach and a stunning view and the Adventure Park at Canberra Park has activities for all ages.In time, an integrated sports, recreation and community hub will be built at Canberra Park which will undergo a $2 million transformation.

Up and coming development and amenities such as supermarket/mini mart, eating houses, shops and child care center will provide you convenience within few minutes’ walk.

updated projectdetails brownstone ec


New Canberra Drive EC by CDL

The Brownstone EC in Canberra Dr is an upcoming Executive condominium which is near Canberra MRT. Get floor plan, info, price etc. here!

Location

The Brownstone EC Location Map

the brownstone ec location map1(Location Map)

Right in the heart of the north of Singapore, the brownstone location provides residents easy access to Singapore’s major highways – the Seletar Expressway, Central Epressway and the future North South expressway.

Its has an undeniably extraordinary location next to the upcoming Canberra MRT Station. Providing residents fantastic connectivity and accessibility, The Brownstone is also surrounded by shopping malls such as Northpoint City, Sun Plaza, and Sembawang Shopping Centre, as well as cafes, hawker centres and restaurants. Residents will not have to travel far to fulfil their recreational needs or have a wholesome fun-filled lifestyle.

Transportations

Canberra MRT 2

 (Artist Impression of the up and coming Canberra MRT station)

Canberra MRT

(Canberra Mrt Location Map)

On 1st August 2014, LTA announced that works on Canberra MRT station (NS 12) will commence in Mid-2015 and the elevated MRT station along the North South Line is expected to complete in 2019. The Brownstone EC is sited next to it.

Canberra station will be located between the Sembawang and Yishun stations along Canberra Link. The new station will serve commuters living in nearby estates such as residents in The Brownstone together with upcoming private and public residential developments nearby.

The Brownstone residents can experience fast and convenient commuting to city area and various parts of the island with this integrated public transportation system. 

It is approximately 21 minutes drive away from Orchard Shopping Belt It will take around 24 minutes of driving to reach the Central Business District (CBD).

When the station opens, commuters headed to the city centre or Jurong East can save up to 10 minutes of travel time, as they no longer have to take a bus to transfer to Sembawang or Yishun MRT station, said LTA.

 transport banner

As the new Canberra Mrt is predicted to build by 2019 there are other nearby trasportation such as Yishun MRT & bus interchange and also Sembawang MRT & bus interchange.

Shopping

 shopping banner

For everyday necessities, The Brownstone residents can head down to Sun Plaza, Sembawang Shopping Centre, Chong Pang City and North Point for amenities such as supermarkets, restaurants, banks, boutique shops, and more.

Just take a brief walk down to Sembawang Shopping Centre where numerous retails and dining outlets are located. You and your loved ones can enjoy the dining, shopping, entertainment and leisure facilities there.

There are other eateries located at the shophouses along Sembawang Road.

Residents can also take a short bus ride down to the Yishun Town Centre which in future will have an integrated hub comprising of retail, residential and bus interchange, all under one roof. It provide numerous dining, shopping, leisure and entertainment facilities for you and your loved ones.

Take a walk and relax yourself and enjoy the amenities provided. Be enchanted with the many shopping malls located around Brownstone EC.  

Schools

Parents do not need to worry about location of schools. There are plenty of established local schools within a short distance from Brownstone EC area which is within 2km. 

Less than 1km

1) Wellington Primary School and
2) Sembawang Primary School.
 
Less than 2km
 
1) Canberra Primary School
2) Endeavour Primary School
3) Northoaks Primary School
4) Chongfu Primary School
5) Xishan Primary School
6) Ahmad Ibrahim Primary School
7) Jieming Primary School
8) Yishun Primary School.
 

Park Connector

sembawang park

(Sembawang Park)

Residents at The Brownstone will also get to enjoy a fun filled and fruitful lifestyle with an array of beautiful green spaces, sports facilities and entertainment to choose from.

There is a park connector besides Canberra Drive development which leads to the Sembawang Park, which offers lush greenery in a tranquilize environment which The Brownstone EC residents can relax in. Sembawang Park is also a famous fishing spot and in the future The Brownstone Executive Condo residents can have a short and comfortable stroll or jog there.

The nearby Sembawang Park, Lower Seletar Reservoir and Admiralty Park also provide a breather from the hustle and bustle of life. There is more to expect in the coming years as the north welcomes a stream of exciting developments. These include plans to build an integrated wildlife park in neighbouring woodlands into a buzzing commercial hub by 2017.

Site Plan

brownstone site plan

E-Brochure & Floorplan

 E-Brochure

Brownstone EC E Brochure Download Logo

Interested to view show flat?

Call us now +65 9048 0660 to arrange an appointment 


 Floor Plans

2 Bedroom Floor Plan

2BEDROOMTYPEA1A-D-753-850SQF

2BEDROOMTYPEA1P 753SQF

3 Bedroom Floor Plan

3BEDROOMTYPEB1A D 958 1130SQF

3 Bedroom Premium Floor Plan

3BEDROOMPREMIUMTYPEB5P 990SQF

4 Bedroom Floor Plan

4BEDROOMTYPEC1A D 1141 1302SQF

5 Bedroom Floor Plan

5BEDROOMTYPED1 D 1711SQF

Please Download here to view more Floor Plans

Eligibility & Financing

Bellewaters EC Official – Eligibility

You must meet the following conditions to buy an Executive Condominium (EC):

Citizenship
  • You must be a Singapore Citizen
  • Your family nucleus must comprise at least another Singapore Citizen or Singapore Permanent Resident
Age
  • You must be at least 21 years old at the time of application
  • If you are buying an EC under the Joint Singles Scheme, you must be at least 35 years old

 

Family Nucleus
You must form a proper family nucleus under one of the following schemes:
Type of Scheme Family Nucleus Requirement
Public You, the applicant and;
  • Your spouse, and children (if any)
  • Your parents, and siblings (if any)
  • Your children under your legal custody, care and control (for widowed / divorced)
Fiancé / Fiancée You, the applicant and your fiancé / fiancée
Orphan You, the applicant and;
  • Your unmarried siblings, or
  • Another single unrelated orphan
Joint Singles You, the applicant and another single person

You may buy a dual-key EC units offered by the developer if you form a multi-generation family as follows:

(i) Married couple with parents / grandparents
(ii) Fiancé and fiancée couple with parents / grandparents
(iii) Widowed / divorced with children and parents / grandparents

Income Ceiling
Your gross monthly household income must not exceed $14,000.

 Special Requirement for Undischarged Bankrupts

Undischarged bankrupts need to seek the Official Assignee (OA)’s consent if they are applying for an EC.
However, they do not need to seek the OA’s approval to be listed as an occupier.
 
Ownership in Private Property
You, your spouse, any occupiers listed in the Application Form or their spouses must not
own or dispose or have an estate or interest in any other flat, house, building or land*
  • Within 30 months before the date of application, and
  • Between the application date and the date of taking possession of the EC

* includes but not limited to:

  • HUDC flats (Privatised and Non-Privatised)
  • Properties acquired by gift
  • Properties inherited as beneficiaries under a will or as a result of the Intestate Succession Act
  • Private properties
  • Properties owned / acquired / disposed through nominees regardless of properties location
Owners / Ex-owners of HDB Flats / DBSS Flats / EC units
Each eligible Singaporean household can buy the following housing unit only twice:
  • a flat from the HDB;
  • a resale flat with the CPF Housing Grant*;
  • a DBSS flat from developer;
  • an EC unit from developer.

*Only applicable for first-timer applicants

If you have already bought two housing units, you will not be eligible

to apply or be listed as an essential occupier in an application.

First-timer Applicants
You and the essential family members listed in the application for purchase of the EC must not:
  • Be the owners of a flat bought direct from HDB, a DBSS flat or an Executive Condominium bought from the developer
  • Have sold a flat bought direct from HDB, a DBSS flat or an Executive Condominium bought from the developer
  • Have received the CPF Housing Grant for the purchase of an HDB resale flat
  • Have taken other forms of housing subsidy (for example, benefitted under the Selective En bloc Redevelopment Scheme, privatisation of HUDC estate etc)
Higher Quota of the EC Supply for First-time Applicants during Initial Launch Period
From 2 March 2012, the developers will set aside 70% of the supply for first-timers during the initial launch period.
 
Second-timer Applicants
You or the essential family members listed in your application have owned / sold or are currently owners of:
  • Any HDB flat that was bought from HDB, or
  • Any resale flat that was bought under the CPF Housing Grant Scheme, or
  • A DBSS flat or an EC bought from the developer, or
  • Have enjoyed other forms of housing subsidy (for example, enjoyed benefits under the Selective En bloc Redevelopment Scheme, privatisation of HUDC estate etc.)
Payment of Resale Levy
Second-timers who apply for new EC projects where the land sale was launched on or after 9 Dec 2013, are required to pay the resale levy.

However, second-timers are not required to pay the resale levy if they apply to buy EC units in projects where their land sale was launched before 9 Dec 2013

 

Those who have previously bought a flat from the HDB or taken a CPF Housing Grant, will have to pay a resale levy when they next buy a flat from the HDB.

The resale levy is meant to reduce the subsidy on the second subsidised flat so as to maintain a fair allocation of public housing subsidies between first- and second-timer citizen families.

Existing Owner or Ex-Owner
Are you, your spouse or any of the essential occupiers listed in the application an existing owner or ex-owner of a:
  • Flat bought directly from HDB
  • DBSS flat bought from the developers
  • Resale flat bought under the CPF Housing Grant Scheme

 

If you belong to any of the above categories, you may apply to buy an EC on condition that a 5-year period (excluding any period of subletting of the whole flat) has lapsed from the *date of taking possession of the flat to the date of application for a new EC.

* The date of taking possession refers to following dates (whichever is applicable):

  • Date of key collection, for flats that are bought direct from HDB
  • Date of resale completion, for purchase of resale flats from the open market bought with the CPF Housing Grant
  • Date of transfer at market value of the flat bought with CPF Housing Grant
  • Date of key collection for EC / DBSS flats bought from the developer
Ex-owners of an EC
Are you, your spouse or any of the essential occupiers listed in the application an ex-owner of an EC bought directly from the developer?

If yes, you would need to meet a 5-year period from the date of taking possession of the earlier EC.

 30-Month Period

In addition, you need to wait out a 30-month period from the effective date of disposal

(i.e., date of legal completion of the sale of their EC, evidenced by the

Notice of Transfer or such other documentary evidence as HDB may require)

of the EC before you can apply to buy another EC directly from the developer.

Essential Occupiers
You or any person listed the application must not be currently listed as an essential occupier of:
  • An existing HDB flat bought directly from HDB,
  • A DBSS flat bought under the CPF Housing Grant Scheme, or,
  • A resale flat bought under the CPF Housing Grant Scheme

However, an essential occupier may apply or be included in an application only if he has stayed in the existing flat

for 5 years from the *date of taking possession of the existing flat to the date of application for an EC.

* The date of taking possession refers to:

  • The date of key collection, for flats that are bought directly from HDB
  • The date of resale completion, for purchase of resale flats from the open market bought with the CPF Housing Grant
  • The date of transfer at market value of the flat bought with CPF Housing Grant
  • The date of key collection for EC / DBSS flats bought from the developer, whichever is applicable.
Cancellation of Application After Booking a Flat
If you book a flat from the March 2012 Build-To-Order and Sale of Balance Flats Exercises onwards and subsequently cancel the flat booking,
you will have to meet a 1-year period from the date of cancellation before you can apply or included as an essential occupier in an application for a:
  • new HDB flat
  • DBSS flat from developers
  • Executive Condominium unit from the developers
  • resale flat with CPF Housing Grant
  • resale flat that has been announced for SERS
Divorcees
Within three years from the date of the divorce, only one party in the divorce can own one of the following housing units:
  • a flat bought directly from the HDB
  • a DBSS flat / EC bought directly from a private developer
  • a resale flat bought from open market under the CPF Housing Grant Scheme


If you have an existing matrimonial home, which is one of the above, and that home is retained by your ex-spouse, you may apply to buy or be listed as an essential occupier in any of the above housing unit only three years after your date of divorce.

However, this three-year wait out period will not apply if you are buying any of the above homes with:
 your parents or a new spouse, or if you are buying a resale flat from the open market without the CPF Housing Grant.

 If there is no matrimonial home or the matrimonial home was bought from the open market without any CPF Housing Grant, you may apply for any of the above housing units after you get your ex-spouse’s consent not to own or be listed as an essential occupier in any of the above housing units within the three-year period from the date of divorce.

The requirement for ex-spouse’s consent is waived if you are buying any of the above housing units with:

your parents or a new spouse or if you are buying a resale flat from the open market without the CPF Housing Grant.

The requirement to seek ex-spouse’s consent during the three-year period from the date of divorce is also waived if you meet the following conditions:

  • All your children are below 18 years old at the date of divorce; and
  • You have the legal custody of all your children and are also the only parent with the care and control of all your children.
Person Who Has Bought an EC / DBSS Flat with CPF Housing Grant
A person who bought an EC or DBSS flat with CPF Housing Grant and terminated the Sale and Purchase Agreement may apply to buy an EC.

However, this is allowed on the condition that a 5-year period has lapsed from the termination date of the

Sale & Purchase Agreement of their earlier EC or DBSS flat purchase, to the date of application date for an EC.

unsureCall us for a friendly discussion +65 9048 0660


Financing

 Financing An Executive Condominium

Buying an Executive Condominium (EC) is a long term financial commitment.  Moving past the issue of 'Should I Buy an EC Now?', the next logical step for potential homebuyer is to check whether it is within their means to buy an EC unit. 

1. Consider What is Needed

Besides the need to know an estimate of how much monies is needed in totalilty, homebuyers should be familar with the payment timeline.  In addition, what other cost will be involved such as stamp, legal fees and applicable regulatory measures.

Unlike buying a BTO unit from HDB, there is no HDB housing loan for the purchase of EC unit.  Applicants are advised to check on their loan eligibility from banks or financial institutions licensed by the Monetary Authority of Singapore before committing to a purchase of an EC unit.    

In general, following would be required for the purchase an EC unit under construction. For specific details, please check with the bank or solicitor regarding financing matter.

 

EC Payment Schedule


 

2.  Next, Consider Your Available Resources 


a. Monies in CPF Ordinary Account -  The saving in the CPF Ordinary Account (including Housing Grant, if any) can be used to pay for remaining 15% downpayment.

Only the applicant and co-applicants can use their CPF monies for the purchase of the EC unit, occupiers listed in the aplication are not allowed to use their monies for this purpose.

Login here with your Singpass to check the CPF Ordinary Account balance
(CPF website –> My Statement -> Section A)
 CPF Logo

 b.  Cash -  The minimum cash amount needed is the Option Fee of 5% of purchase price.  This is based on the assumption that applicant(s) can secure the maximum 80% loan from bank and there are enough  CPF monies in the applicant(s) account to pay the balance downpayment of 15%, the legal and stamp fees.  If not, any of these shortfall would need to be paid in cash.

For applicant(s) with bank loan less than 80%, and who plan to use part cash and part CPF to pay for the total required amount, the payment system is "Cash first, CPF later" and not "CPF first, cash later".   So, do the sum correctly, the minimum cash amount could be substantially higher if your CPF cannot be used for the balance downpayment and stamp duty as it has been reserved for later stage payment.   

c. Bank Loan.   It is advisable to get an In Principle Approval (IPA) done with at least one bank before you do a booking.  IPA is an amount that bank is potentially prepared to lend based on the borrower's income, credit history and prevailing regulatory control measures.  IPA is not a guarantee, but it does give the applicants an indication how much they can stretch to find a unit that best meet their needs.

Different banks may offer different interest rates packages and IPA limit.  However, with the 60% Total Debt Servicing Ratio (TDSR) framework (MAS Notice 43 29 June 2103) and the 30% Mortgage Servicing Ratio (MSR) public housing alignment, bank is taking longer to process and are now more stringent in offering mortgage loan. Ideally, the IPA should be done with at least one bank before you visit the showflat.  

About Home Loans - Key Questions to Ask the Bank Before Taking a Home Loan

d. Existing Flat. This is an useful asset that can be used to finance the purchase of an EC unit. For 2nd timer applicant, there is no resale levy to be paid for the purchase on an EC whose land was bought before 9 Dec 2013. As EC unit are meant for owners' occupation, buyers and essential occupiers listed in the application must sell their exisiting flat within 6 months from the date of Temporary Occupation Permit (TOP).

When Should the existing flat be sold?

If you need the sales proceed from the existing flat to pay for the downpayment, as a minimum, your existing flat OTP should have been exercised and you are waiting for the 1st appointment or thereafter. 

If you are risk adverse, follow the guidelines to sell your unit within 6 months from TOP. Your unit can be marketed a couple of months just before the TOP. 

If you predict prices will head south, you can consider selling your unit anytime after your applicaton to purchase of EC been approved. If your prediction is wrong, your uncompleted EC unit would similarly have appreciated in value. If you are right, the opportunity cost and price differential between selling earlier and TOP time may be more than enough to offset your rental cost. 

You may also consider selling your existing flat early if you need an address to be within a km of the desired school for your children. 

(So when is the best time to sell? What is the estimated valuation? How much estimated sales proceeds will you get and how much to use for loan redemption? These are the typical questions my clients ask, Do contact me if you like me to share my opinion to any of the above matters) 

e. Monthly CPF contribution. Buyer can use their savings and monthly CPF contribution to the Ordinary Account to service their mortgage loan. Under the CPF Board's requirements (since 1 January 2008), the CPF withdrawing limit for a housing loan obtained from a bank or financial institution is set at the lower of 120% of the Valuation Limit or the Available Housing Withdrawal Limit (AHWL). Once the CPF withdrawal limit is reached, mortgagors will have to pay their monthly instalments in cash

Also, do take note that besides the cap on $5000 salary, the CPF contribution rate decreases with the age of 35, with marked reduction in rate at 50 years of age.  With effect from 1Jan 2016, the salary cap on CPF is raised from $5000 to $6000.


CPF Contribution and Allocation Rates 

3. Finally, put the financial numbers together. 

The outcome here is obvious. Applicants can go ahead with the booking if they have the financial resources to cover all the required payments before bank disbursement of loan and am comfortable with the monthly payment to service the loan.  

It can be a daunting task for some to get the calculation and numbers work out. Imagine the effort if numerous tweaks and/or 'what if' scenarios for different loan quantum and tenure need to be work out in order to determine the best comfort zone.  This is where the value of a competent agent is appreciated. 

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Brownstone EC Rating: 5.0 out of 5 | Review By: Launch Property Singapore | ERA REALTY NETWORK PTE LTD | CEA Reg. No. L3002382K / R027596H | Connect with Launch Property Singapore @