EXEC CONDO SURVEY

Dear Participant,

This questionnaire is designed to look into the main concerns of potential buyers of Executive Condominiums which was launched by the Singapore government. The information you provide will help us better understand the main concerns that are commonly faced by potential buyers. Because you are the one who can give us a correct picture of the concerns potential buyers like you face, we request you to respond to the questions frankly and honestly.

Your response will be kept STRICTLY CONFIDENTIAL. Only members of the research team will have access to the information you give. Thank you very much for your time and co-operation. We greatly appreciate your help in this research endeavour.

SECTION ONE

Q1)Your Age

Under 25 25-34 35-44 45-54 Over 54

Q2)Your highest level of education attained

Primary school Secondary school Junior college Tertiary institution

Others

Q3)Your Sex

Male Female

Q4)Your Marital Status

Married Single Widowed Divorced or Separated

Others

Q5)Your household monthly income (applicant's and co-applicant's monthly income)

Less than or equal to S$2,500 S$2,501 - S$4,000 S$4,001 - S$5,500

S$5,501 - S$7,000 S$7,001 - S$8,500 S$8,501 - S$10,000

Q6)Where are you currently staying in?

Less than 4-room HDB flat 4- or 5-room HDB flats executive flat

condominium / apartments or landed properties

Q7)Are you eligible for application of executive condominium?

Yes No

Q8)Are you an upgrader or a first-timer?

Upgrader First-timer

Q9)Are you eligible for the S$40,000 CPF Housing Grant for purchase of an executive condominium?

Yes No

Q10a)Have you applied for an executive condominium?

Yes No

Q10b)If no, do you intend to apply for one in the future?

Yes No

If no, why not?

(If you have no intention of purchasing an executive condominium, you can either choose to complete the rest of the questionnaire or to ignore the remaining questions. Thank you for your co-operation.)

Q11)How much are you willing to spend in your purchase of executive condominium?

Less than S$400,000 S$400,000 - S$499,999 S$500,000 - S$599,999

S$600,000 - S$699,999 More than or equal to S$700,000

Q12)With whom are you applying or intending to apply for executive condominium?

Spouse Parent Children Fiancé

Others

Q13)Do you find the S$400 per-square-foot attractive?

Yes No

Q14)Please indicate the ideal size of executive condominium you are looking for.

sq.ft

m²

Q15)What is the expected monthly maintenance fees you are willing to pay?

Less than S$100 S$100 - S$199 S$200 - S$299 S$300 - S$399

S$400 or more

Q16)What is your budgeted amount of monthly loan repayment?

Less than S$1000 S$1000 - S$1499 S$1500 - S$1999 S$2000 - S$2499

S$2500 - S$2999 More than S$3000

Q17)Do you need to apply for bridging loan for downpayment?

Yes No

If yes, how much have you applied or intend to apply for?

Q18)How much loan are you likely to take up for the purchase of executive condominium?

Less than S$100,000 S$100,000 - S$199,999 S$200,000 - S$299,999

S$300,000 - S$399,999 More than S$400,000

Q19)How many years are you prepared to repay the loan?

Less than 10 10 - 15 16 - 20 21 - 25 More than 25

Q20)Have you visited the executive condominium showflat?

Yes No

If no, please proceed directly to question 25.

If yes, which showflat did you visit?

Westmere Eastvale

Q21)Are you satisfied with the furnishing and finishing offered by the executive condominium?

Yes No

Why?

Q22)Are you satisfied with the overall architectural layout of the executive condominium?

Yes No

Q23)What is your opinion as to the size of the master bedroom?

Big Small Ideal

Q24)What is your opinion as to the size with regard to the remaining bedrooms?

Big Small Ideal

Q25)How many bedrooms are you or will you be looking for when you purchase an executive condominium?

2 or less 3 4 5 More than 5

Q26)How many bathrooms are you or will you be looking for when you purchase an executive condominium?

2 or less 3 4 5 More than 5

SECTION TWO

The questions below address some of the concerns you may face when purchasing executive condominium. Please choose the most appropriate response for you according to the scale below:

Very important 5

Important 4

Neutral 3

Not so important 2

Not important 1

In your consideration of purchasing executive condominium (EC), how important will the following items / factors be? (for questions 27 to 30 only)

Q27)

a)average pricing of S$400 psf

b)total price of the EC, i.e. purchase price of EC

c)20% downpayment in cash

d)availability of S$40,000 CPF Housing Grant

e)the need to pay monthly maintenance fees

Q28)

a) availability of bridging loan for downpayment

b)the monthly loan repayment

c)the duration of the repayment period

d)the interest rate offered by banks

Q29)

a)the floor area of the EC

b)number of rooms

c)number of bathrooms

d)the overall architectural layout of the EC

Q30)

a)clubhouse

b)golf putting green

c)swimming pool

d)tennis court

e)jogging tracks and exercise parks

f)landscape garden

g)security services

In your consideration of purchasing EC, how important are the following factors with regard to the location of EC? (for question 31 only)

Q31)

a) nearness to work place

b)nearness to parents / relatives

c)accessibility, i.e. nearness to MRT, expressways,

bus-interchange etc.

d)nearness to schools / education centres

e)nearness to amenities such as entertainment complexes,

recreational parks etc.

Q32)Does the motivation of upgrading your living environment play an important role in your decision of purchasing EC?

When you are deciding to purchase an EC, how important to you are the following restrictions and the effects thereof imposed by the government? (for question 33 only)

Q33)

a) inability to sell the EC within 5 years

b)inability to sell the EC to foreigners during the fifth to

tenth year

c)only for self-occupancy

d)inability to own an HDB flat at the same time

The following question is only applicable to those in the queue for executive flats.

e)the risk of losing the position in the queue after failing to choose a suitable EC unit

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