Financial Freedom SG

Besides the financial calculations in deciding to buy the property at near the peak if not the peak of the property market, we thought that the development was located at a good place for our toddler to grow up in when it is completed in the year 2016.

The location is near to the Sengkang park connector, the Sengkang west park where we heard that kite flying is popular. It is also near to basic amenities like supermarket, a newly build mall that is within walking distance to be completed before the property goes to TOP.

At the same time, we also considered the fact that the Sengkang location is serviced by school buses which travels to the primary school that we are considering enrolling our kid in. So that was a prime consideration.

Through reading online on the discussion at Hardware zone on the pluses and minuses of the new development and from blogs like that of property agent Ong Poh Lin and H88, one can get a better view of what some of the more thoughtful people in the property market think about it. The CDL website also has good details on the development.

There is a lot of comments, reviews that will be useful in your decision making process.

Of course, sometimes you could fall into a trap of being too caught up by it and blinded to the negatives.

There are downsides to getting this as we are in a quite a convenient location being within a leisurely 7 minute walk to the Serangoon MRT and the NEX with the transport hub of a bus interchange, the NEL and Circle line. This was exchanged for a location that is serviced only by LRT which is within a 5 minute walk when the station north of the Lush Acres opens.

Also, our current flat is near to my parents place. However, this is exchanged by the fact that we are near to where my younger brother will be moving to the same area and this may be more convenient later if my parents were to take care of both set of kids.

Then the fact that the developer for Lush Acres is CDL and the design and layout of the property and interiors appealed to us more compared to the other property that we also considered in Punggol, the Ecopolitan.

The price of the units in comparison for the stacks that we were considering were more reasonable in Lush Acres compared to Ecopolitan, for example, one stack facing the TPE was more expensive than the one facing the Twin Waterfalls, but another stack of another room type facing the TPE was less expensive than the one facing the Twin Waterfalls, which was illogical to me. The CDL prices made more sense, with the units facing inwards and the pool commanding higher premiums compared to the one facing the roads.

The one negative for the development is that there is a petrol station next to the development which i thought that the designer for the development did well to put  the tennis court, the changing rooms, the bin centre, plus lots of trees etc next to the petrol station. And there is a lot of trees and greenery in the development. There are trees lining the pool and they even put some trees in the cascading waterfall at the entrance.

Also, the soon to be released ECs in the pipeline have all higher psf land sales prices than the Lush Acres which will mean that the future EC units will all be priced at over $800 psf.

And we are exchanging a flat which has reached one short of 25 years this year for one that is reset to 99 years from 2013.

If you are interested in the development, there is less than 80 units left as 300 has been taken up. So you need to hurry if your are considering an EC. Good luck in getting a unit you want.