Waterbay EC @ Punggol

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Waterbay EC is the new and upcoming Premium Executive Condominium in the thriving Punggol Town. Located at the junction of Punggol Central and Edgefield Plains, Waterbay offers many public transport options and is near to many facilities, amenities and well-regarded schools.

Waterbay Executive Condo – Accessibility Personified

Redefining accessibility, Waterbay EC is located near the Punggol MRT station and Punggol Bus Interchange. This opens up a host of options for residents when it comes to selecting which public transport to hop on for work or pleasure. With the Punggol LRT integrated with the MRT, traversing the Punggol town is that much easier. For road access to other parts of Singapore, Tampines Expressway (TPE) is mere minutes away.

Providing the perfect remedy for your retail therapy, the upcoming shopping mall, Waterway Point, is but a short distance away at the Town Centre. Residents from Waterbay EC can indulge to their heart’s content or simply enjoy the various options of entertainment. The dizzying array of shops and goods on offer will surely ease the stress away. You can also make your way down to the nearby Punggol Plaza for your daily necessities or Compass Point and Rivervale Mall in Sengkang Town.

Embrace the convenience of having a multitude of established schools in the vicinity. Edgefield Primary & Secondary School, Greendale Primary & Secondary School, Horizon Primary School, Mee Toh School and Punggol Secondary School are all mere minutes away. Developed by Qingjian Realty Pte Ltd, Waterbay EC comprises of 383 residential apartments with a good mix of 2 to 5 bedroom units, as well as dual-keys and penthouses.

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Waterbay Financing & Payment

Waterbay – Financing & Payment

There are two types of payment schemes available for Waterbay EC, namely:

1) Normal Progressive Payment Scheme (NPS)

2) Deferred Payment Scheme (DPS)

1. Normal Progressive Payment Scheme (NPS)

5% cash, on booking of unit

(within 9 weeks)

15% CPF, on signing of Sales & Purchase agreement

80% by bank loan, paid via monthly installment progressively based on construction stages:

  • 10% – on completion of foundation work
  • 10% – on completion of reinforced concrete framework
  • 5%  – on completion of brick walls
  • 5%  – on completion of ceiling / roofing
  • 5%  – on completion of doors, windows frames, wiring, piping, etc
  • 5%  – on completion of car parks, roads & drains
  • 25% – upon production of the Temporary Occupation Permit (TOP)
  • 15% – upon production of the Certificate of Statutory Completion (CSC)

2. Deferred Payment Scheme (DPS) – additional 2% on top of purchase price

5% cash, upon booking of unit

(within 9 weeks)

5% cash + 10% CPF / cash, upon signing of Sales & Purchase agreement

10% CPF / cash - on completion of foundation work

10% CPF / cash - on completion of reinforced concrete framework

60% by bank loan, installment will start after TOP

** If you got an existing mortgage loan, you can still get up to 80% loan from the bank. Terms & conditions apply. Do contact us for more info.

Other fees payable:

1) Stamp duty

Stamp duty is basically a document tax payable to the government. It will be payable upon signing Sales and Purchase agreement, typically within 9 weeks.
It can be calculated using the following formula:

3% purchase price – 5400

eg, If you are buying a 1mil property, stamp duty: 3% * $1,000,000 – 5400 = $24,600.

** Stamp duty is payable in cash first, reimburse via CPF at a later stage.

** Additional Buyer Stamp Duty (ABSD) does not apply to this development.

2) Legal fees

Legal fees, or conveyancing fees are also payable. Approx $2500 to $3000. We do have a full panel of mortgage specialist across different banks handling ECs. We can assist you to get a loan package with best interest rates. Do contact us for more info.

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Waterbay Eligibility

1) Main applicant must be a Singapore Citizen and above 21 years old. Co-applicant can be a Singapore Citizen or Singapore Permanent Resident.

2) Both applicants must be either First Timer or Second Timer (Existing Owner/Ex-Owner of HDB Flat).

3) Applicants must form a valid family nucleus to buy the EC under one of the HDB’s eligibility schemes:   Public  / Fiance & Fiancee / Orphan / Joint Singles (min 35 yrs old).

4) Applicants combined household gross monthly income must not exceed S$12,000.

5) Applicants and occupiers listed in the application form must not own or dispose of any private property within 30 months before the date of application and between the application date and the date of taking possession of  the EC.

6) Applicants and occupiers have not bought two housing units before (a flat directly from HDB, resale flat with CPF Housing Grant, DBSS flat from developer, an EC unit from developer).

7) Second-timer applicants who are Existing Owner or Ex-Owner (a flat, resale flat with CPF Housing Grant, DBSS flat from developer) must meet the 5-year Minimum Occupation Period (excluding any period of subletting of whole flat) before application of a new EC.

Waterbay eligibility guide reference:

For more information regarding eligibility for Executive Condominium, you can refer to HDB website.waterbay act now

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Waterbay Location Map

Waterbay location map and nearby amenities. Click to enlarge.

waterbay ec location map

Waterbay Location – Conveniences within easy reach

Be it for a delicious bite or for daily necessities and services, isn’t it great to find eateries and supermarkets just a short stroll away? What’s more, you are just minutes away from the integrated Punggol MRT/LRT hub. From there, enjoy fast connections to the CBD and the rest of Singapore, There are also major expressways close by to reach anywhere you want to go quickly. Your children will spend less time and hassle travelling to and from school. Within close proximity are well-established schools like Mee Toh School, Nan Chiau and Edgefield Primary School.

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Waterbay Unit Mix

Waterbay unit mix and sizes.
waterbay unit mix

Unit Type Size (sq m) Size (sq ft) No. of Units
B1 2 Bedroom 72 775 15
C1 3 Bedroom Compact 87 936 15
C2 3 Bedrooms 101 1087 116
C2a 3 Bedrooms 105 1130 15
C2b 3 Bedrooms 99 1065 15
C3(DK) 3 Bedroom Dual-key 102 1098 15
D1 4 Bedroom Compact 109 1173 59
D2 4 Bedrooms 118 1270 30
D3 4 Bedrooms 125 1345 30
D4(DK) 4 Bedroom Dual-key 132 1421 15
E1 5 Bedrooms 137 1474 15
PES 20
Penthouses 23

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Waterbay Project Details

Waterbay project details.
waterbay project details

Project Name Waterbay
Developer Qingjian Realty (Edgefield Plains) Pte Ltd
Location Punggol Central / Edgefield Plains
District 19
Property Type Executive Condominium development comprising total of 383 residential units
Unit Mix 2 bedrooms, 3 bedrooms, 4 bedrooms, 5 bedrooms, dual-keys, penthouses
Tenure 99 years leasehold from 2 July 2012
Plot Ratio 3.0
Estimated T.O.P. 31st March 2016
Site Area Approx 13,241.8 sqm

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