Guide to Applying for Esparina EC

On August 5, 2010, in Esparina, by Reviewer
Frequently Asked Questions on Booking Esparina Residences


Is booking based on balloting or on a first come first served basis?

Likely to be based on a balloting system, ie. lucky-draw style.

How do I go about booking a unit?

The developer has not released information on the exact registration and booking procedure yet. If you’d like to register your interest in the form below, I will keep you posted on that and on when the Ola EC showflat will open.

Once that info is out, if you’re interested to proceed, I will get the necessary paperwork done for you, and guide and assist you every step of the Ola EC booking process.

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

No, not at all. I will keep you posted with all the information you need as soon as it’s available, and my services in helping you buy a unit, without charging you a cent.

Will it be cheaper if I register with the Ola EC developer than with you?

No. Sales will eventually go through us, because of the huge amount of manpower needed.

Can I have the Ola EC floor plans?

The developer has not released the site layout or floor plans yet. If you’d like to indicate your interest in the form below, I will get that to you as soon as it’s available.

When is the launch date?

The launch dates are still tentative, as the developer has to wait out the 15 months from the time they bought the Ola EC site. But if you’d like to contact me through the form below, I will keep you posted when the schedule for the Ola EC showflat opening date is finalised.

Any VIP Preview for Esparina Residences?

No, as Esparina Residences is an EC project. It must abide by HDB conditions, which means a transparent booking process, with a level playing field for all.

Except Grassroots Organization members, who get to book earlier. You might say they are the VIPs in this case!

Any Early Bird Discount?

The developer has not announced any such discount yet, but typically prices at the Preview launch are the lowest. After that, developers normally remove some, or all, of the Preview discounts.

What’s the payment schedule like for Esparina Residences?

Similar to private condos, as follows:

  • First 5% cash (by 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.
  • Out of the remaining 80%, 5% has to be from your own funds (cash or CPF), and the rest can be from CPF funds, bank loan, or cash. This is payable progressively, which means that you (or the bank on your behalf) pays out the money as and when construction work on Ola EC reaches certain stages. So if you’re taking a loan, your monthly instalments payable start out small and slowly increases.

Can I take a HDB loan instead of a bank loan?

Unfortunately, HDB doesn’t give loans for ECs. Not even for first timers.

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To register your interest for updates, please call 92959180 or leave a reply in Contact Us.

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