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The Vales EC | Buying Guide

The Vales EC FAQ (Frequently Asked Questions)

When did the Vales EC open for booking?

Showflat Viewing: Started 3 July 2015
Preview Balloting: 18 July 2015
Booking: From 18 July 2015 onwards

If you would like to register for the showflat viewing, or do the e-application to register interest, just drop your contact details here.

The Vales EC PoolArtist’s Impression . The Vales EC Pool


What must I do to book a unit at the Vales EC?

You must fill in an application form and submit the necessary documents. If you drop us your contact details here, we will help you check your eligibility and arrange for your application.

Applications must be registered at the showflat computers (the only official e-application system), that are linked to the HDB system, in order to get a ballot number.

Note: Applications cannot be done via HDB website. Websites with online e-application forms are also NOT linked to the HDB system either.


Am I eligible to buy the Vales EC?

You are if:
. You are a Singapore citizen and your partner is a Singapore citizen or PR.
. At least 21 years old.
. Your total monthly household income does not exceed $14,000.
. You form an essential family nucleus as defined by HDB.
. You & your partner have not bought a flat direct from HDB or with a grant more than once.
. None of your family nucleus has owned private property within the last 30 months.

That was the short answer; for detailed criteria including what defines a family nucleus, see The Vales EC Eligibility.


Can I buy the Vales EC if I currently own a HDB flat?

Yes, if you
. Have not bought a flat direct from HDB or with a grant more than once.
. Have already stayed in your flat at least 5 years if bought direct from HDB or with a grant.
. If your resale flat was bought without a grant, you must fulfil your MOP before the Vales EC gets TOP.

You must also sell off your current HDB flat within 6 months of TOP of the Vales EC.


When can I sell or rent out my Vales EC unit?

. Can be sold to Singapore citizens or PRs after 5 years. Or rented out to anyone then.
. Fully privatized after 10 years. Can then be sold to anyone, including foreigners or developers.


What benefits do 1st Timer Buyers get?

. May be eligible for the CPF housing grant, up to $30,000 to help pay the 15% downpayment.
. Get priority in selecting a unit (70% of the units are reserved for 1st timers in first month).


Can 1st Timer Buyers ‘keep’ the Housing Grant for next BTO / EC purchase instead?

  • No. The CPF Housing Grant cannot be kept for the next BTO / EC purchase.
  • Furthermore, even if you don’t take the grant this time, you will still be subject to the resale levy if you buy a BTO / new EC in future.
  • So if you are eligible, do avail yourself of the CPF Housing Grant now for the Vales EC.

See details on the amount of CPF Housing Grant, and eligibility, at this link (opens in new window).


What benefits do 2nd Timer Buyers get?

  • Buyers with existing housing loan may still get up to 80% loan even if you have an existing housing loan (unlike for private condos).
  • Not affected by the CPF Minimum Sum rule when using your CPF funds.


What’s the payment schedule like for the Vales EC?

If you opt for Normal Payment Scheme (NPS):

  • First 5% cash (via a cheque) at time of booking the unit.
  • Next 15% within 9 weeks (typically) of booking the unit. This 15% can be from CPF Housing Grant, or from CPF funds, or from cash.
  • The remaining 80% can be from CPF funds, bank loan, or cash. This is payable progressively, which means you (or the bank if you take a loan) pays out the money as and when construction work reaches certain stages. If you take a loan, your monthly instalments start small and slowly increase.

If you opt for Deferred Payment Scheme (DPS) (purchase price is around 2 to 3% higher):

  • First 5% cash (via a cheque) at time of booking the unit.
  • Next 15% within 9 weeks (typically) of booking the unit. This 15% may be from CPF Housing Grant, or from CPF funds, or from cash.
  • Neither you nor the bank (if you are taking a loan) pays anything till the project completes. At that point, upon TOP, you / your bank will need to pay another 65% of the purchase price. Your mortgage repayments therefore start at this point, based on whatever the bank disburses.


Do I have to pay any admin charges or commissions or agent fees?

No, no charge at all. We are here to provide you all the information, and help you book your unit of choice at directly from the Vales EC developer, at no charge. No obligation either.



For queries on any of the above, or to register interest in updates, please email us here.

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Keep you posted on other new launches as well
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Park Place Residences @ Paya Lebar MRT Interchange station . Expected to launch for sale in Quarter 4 2016 . 3 Blocks with full Condominium facilities in generous landscaped grounds . The residential section of Paya Lebar Quarter Mixed Development that includes Retail Mall & Offices . Developed by the Lendlease Group



Vales EC has completely sold out, and there are no more units available for sale from the developer. However, on the same MRT line, the North-East or “Purple” line, another new condominium, The Arcady at Boon Keng, is launching for sale soon.

In contrast to Vales EC, this project has the advantage of being on the city fringe, in the Kallang Planning area. It is also within a short 6 minute walk from Boon Keng MRT station on the North-East line. On top of that, the Arcady at Boon Keng will be a freehold private development as well. Plenty of plus points here.

This brand new condominium is being developed by a joint venture led by KSH Holdings, in partnership with H10 Holdings and SLB Developments. The developers are not big real estate players, but they have been in the market for a while. They were the top bidders for the parcel of land on which the Arcady condo will be built.

KSH Holdings has its roots in the construction industry, with much experience in this sector and several awards for construction excellence. Which naturally led it to venture into the property development business. It has been responsible for projects such as Lincoln Suites, KAP & KAP Residences, Sky Green, and Newest.

Response to the Arcady at Boon Keng launch is likely to be good, as it is freehold. There has also been a dearth of good projects within a short walk of Boon Keng MRT station in recent years. The Arcady condo showflat will possibly open for viewing appointments either in the 4th quarter of 2023, or the first quarter of 2024.

Indicative Arcady condo prices are not finalised yet, but analysts are expecting something in the region of the mid to high $2,xxx PSF range. Since the Arcady at Boon Keng is not a big project, there should be no problem about achieving a sell-out before any ABSD penalty kicks in.