Sol Acres EC . New Choa Chu Kang Executive Condominium . By MCL Land
The Sol Acres EC is an executive condominium that is being developed by MCL Land. It launched for sale in 2015. This Choa Chu Kang EC is one of the rare new ECs in the North West of Singapore, and some unit types are fully sold.
The next new executive condo in this corner of Singapore will be the Inz Residence EC, just a couple of streets away from Sol Acres.
This CCK EC will be pretty big, as it is actually an amalgamation of 2 executive condo sites. MCL Land managed to acquire both the adjacent sites, at Choa Chu Kang Grove, to obtain a huge combined land area of 32,908.60 square metres, ie. 354,228 sq ft.
The development will comprise 13 blocks of varying levels, from 19 to 25 storeys, and house 1327 apartment units.
The advantages of having such a large site are
- Cost savings in developing the project due to economies of scale.
- Being able to have much wider variety of facilities
- Lower monthly maintenance fees (as certain overheads, like the guardhouse, are fixed).
The drawback to this EC is that it is not within walking distance to an MRT station. But then again, most ECs are not either. However Sol Acres EC is within a short walk of Teck Whye LRT and Keat Hong LRT stations, 2 stops from Choa Chu Kang MRT station. So that is just 5 minutes ride away.
For drivers, this CCK EC site is also comfortingly near the exit to Kranji Expressway. And with a developer like MCL Land, you can be assured of a quality project.
If you would like to be kept posted on floor plans or registration dates, or how to register, just drop your contact details here.
Economics of the Sol Acres EC
- 15 to 20% (ie. around $200K to $300K) cheaper than equivalent new private condominiums.
- First time EC buyers are eligible for up to $30,000 CPF housing grant.
- No need to pay any agent’s commission or fee (unlike for HDB resale flats).
- Of all residential property types, ECs have historically achieved the greatest capital gains. Besides moving in tandem with overall market appreciation, they also get an extra profit when they close the gap with private condominium prices after the MOP period.
For other details, see the Fact Sheet.
THE SOL ACRES EC · SHOWFLAT VIEWING
Just drop us your contact details here if you would like to be kept updated, or to register interest in this new Choa Chu Kang EC.