Category: Finances

Please see the attached post for more information.

Finances Information Press

Kensington Park Condo cumulative sale: Beyond a $1.28 bil punt

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The 316-unit Kensington Park Condo makes it very first cumulative sale. 5 years back, Julie Seah got her residence at Kensington Park Condo: a 1,582 sq ft, three-bedroom duplex. She had actually refurbished it thoroughly before moving in. Her unit is in the only all-duplex block at Kensington Park, with lift accessibility to both floorings of each duplex.

The veranda of Seah’s 14th-floor unit has an unblocked sight of the Serangoon Gardens landed estate with Bishan in the distance. Standing out versus the horizon is Sky Habitat in Bishan, the building site by Moshe Safdie, well-known for his style of Marina Bay Sands.

Prior to relocating to Kensington Park, Seah had resided in an apartment or condo overlooking Bishan Park. And she had actually found it hard to part with that view. When house-hunting 5 years earlier, she thought that having a bird’s-eye view was as crucial as the place.

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Finances Information Press

Apac real estate market to remain ‘durable’ despite climbing inflation: Urban Land Institute

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The Urban Land Institute (ULI) is predicting a favorable trajectory for the Asia Pacific (Apac) realty market over the following 3 years, directing in the direction of a sustainable recuperation adhering to the pandemic. This is despite assumptions of faster inflation prices in the area’s biggest economies, notes David Faulkner, president of ULI Asia Pacific.

ULI’s Apac real estate economic forecast for 2022 to 2024, which covers 6 major local markets – Hong Kong, Singapore, Shanghai, Tokyo, Seoul and also Sydney – shows that Australia is anticipated to lead the pack this year in regards to growth with a predicted GDP expansion of 4.48% for 2022, well above the lasting average of 2.35%.

If you’ve been to Tengah town recently, you may have heard about the proposed new development known as the Tengah EC. In this article, you’ll learn more about this Green and Sustainable District, as well as what …

Finances

Progressive Payment Schedule

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[av_table purpose=’tabular’ pricing_table_design=’avia_pricing_default’ pricing_hidden_cells=” caption=’Progressive Payment Stages’ responsive_styling=’avia_scrollable_table’]
[av_row row_style=”][av_cell col_style=”]Construction Stage[/av_cell][av_cell col_style=”]Percentage of Purchase Price[/av_cell][/av_row]
[av_row row_style=”][av_cell col_style=”]Upon Issue of Option to Purchase (OTP)[/av_cell][av_cell col_style=”]5%[/av_cell][/av_row]
[av_row row_style=”][av_cell col_style=”]Upon signing Agreement / Within 8 weeks immediately after date of Option[/av_cell][av_cell col_style=”]20% (Less the 5% Booking Fee which was paid above)[/av_cell][/av_row]
[av_row row_style=”][av_cell col_style=”]Upon Completion of Foundation Work[/av_cell][av_cell col_style=”]10%[/av_cell][/av_row]
[av_row row_style=”][av_cell col_style=”]Upon Completion of Reinforced Concrete Framework[/av_cell][av_cell col_style=”]10%[/av_cell][/av_row]
[av_row row_style=”][av_cell col_style=”]Upon Completion of Partition Walls[/av_cell][av_cell col_style=”]5%[/av_cell][/av_row]
[av_row row_style=”][av_cell col_style=”]Upon Completion of Roofing[/av_cell][av_cell col_style=”]5%[/av_cell][/av_row]
[av_row row_style=”][av_cell col_style=”]Upon Completion of Door sub-frames / door frames, window frames, electrical wiring (without fittings), internal plastering and plumbing[/av_cell][av_cell col_style=”]5%[/av_cell][/av_row]
[av_row row_style=”][av_cell col_style=”]Upon Completion Car park, roads and drains serving the housing project[/av_cell][av_cell col_style=”]5%[/av_cell][/av_row]
[av_row row_style=”][av_cell col_style=”]Upon Completion Building, roads and drainage and sewerage works in the housing estate, connection of water, electricity and gas supplies

(At this stage the Temporary Occupation Permit …

Finances

Stamp Duty

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[av_table purpose=’tabular’ pricing_table_design=’avia_pricing_default’ pricing_hidden_cells=” caption=’Stamp Duty Rates and Computation’ responsive_styling=’avia_scrollable_table’]
[av_row row_style=”][av_cell col_style=”]Purchase Price or Market Value of Property[/av_cell][av_cell col_style=”]Buyer Stamp Duty Rates for Residential Properties[/av_cell][av_cell col_style=”]Buyer Stamp Duty Rates for Commercial Properties[/av_cell][/av_row]
[av_row row_style=”][av_cell col_style=”]First $180,000[/av_cell][av_cell col_style=”]1%[/av_cell][av_cell col_style=”]1%[/av_cell][/av_row]
[av_row row_style=”][av_cell col_style=”]Next $180,000[/av_cell][av_cell col_style=”]2%[/av_cell][av_cell col_style=”]2%[/av_cell][/av_row]
[av_row row_style=”][av_cell col_style=”]Next $640,000[/av_cell][av_cell col_style=”]3%[/av_cell][av_cell col_style=”]3%[/av_cell][/av_row]
[av_row row_style=”][av_cell col_style=”]Remaining Amount[/av_cell][av_cell col_style=”]4%[/av_cell][av_cell col_style=”][/av_cell][/av_row]
[/av_table]

[av_table purpose=’tabular’ pricing_table_design=’avia_pricing_default’ pricing_hidden_cells=” caption=’Additional Buyer Stamp Duty Rates and Computation’ responsive_styling=’avia_scrollable_table’]
[av_row row_style=”][av_cell col_style=”]Nationality[/av_cell][av_cell col_style=”]1st Property[/av_cell][av_cell col_style=”]2nd Property[/av_cell][av_cell col_style=”]3rd Property[/av_cell][/av_row]
[av_row row_style=”][av_cell col_style=”]Singapore Citizens[/av_cell][av_cell col_style=”]N.A[/av_cell][av_cell col_style=”]12%[/av_cell][av_cell col_style=”]15%[/av_cell][/av_row]
[av_row row_style=”][av_cell col_style=”]Permanent Residents[/av_cell][av_cell col_style=”]5%[/av_cell][av_cell col_style=”]15%[/av_cell][av_cell col_style=”]15%[/av_cell][/av_row]
[av_row row_style=”][av_cell col_style=”]Foreigners[/av_cell][av_cell col_style=”]20%[/av_cell][av_cell col_style=”]20%[/av_cell][av_cell col_style=”]20%[/av_cell][/av_row]
[av_row row_style=”][av_cell col_style=”]Entities / Companies[/av_cell][av_cell col_style=”]25%[/av_cell][av_cell col_style=”]25%[/av_cell][av_cell col_style=”]25%[/av_cell][/av_row]
[/av_table]…

Finances

Residential Housing Loan Information

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[av_table purpose=’tabular’ pricing_table_design=’avia_pricing_default’ pricing_hidden_cells=” caption=’Residential Loan Information’ responsive_styling=’avia_responsive_table’]
[av_row row_style=”][av_cell col_style=”]Loan[/av_cell][av_cell col_style=”][/av_cell][av_cell col_style=”]First Loan[/av_cell][av_cell col_style=”][/av_cell][av_cell col_style=”][/av_cell][av_cell col_style=”]Second Loan[/av_cell][av_cell col_style=”][/av_cell][av_cell col_style=”][/av_cell][av_cell col_style=”]Third Loan[/av_cell][av_cell col_style=”][/av_cell][/av_row]
[av_row row_style=”][av_cell col_style=”]Age[/av_cell][av_cell col_style=”]Up to 65[/av_cell][av_cell col_style=”]Up to 70-75[/av_cell][av_cell col_style=”]Up to 70-75[/av_cell][av_cell col_style=”]Up to 65[/av_cell][av_cell col_style=”]Up to 70-75[/av_cell][av_cell col_style=”]Up to 70-75[/av_cell][av_cell col_style=”]Up to 65[/av_cell][av_cell col_style=”]Up to 70-75[/av_cell][av_cell col_style=”]Up to 70-75[/av_cell][/av_row]
[av_row row_style=”][av_cell col_style=”]Loan Tenure[/av_cell][av_cell col_style=”]Up to 30 years[/av_cell][av_cell col_style=”]Up to 30 years[/av_cell][av_cell col_style=”]31-35 years[/av_cell][av_cell col_style=”]Up to 30 years[/av_cell][av_cell col_style=”]Up to 30 years[/av_cell][av_cell col_style=”]31-35 years[/av_cell][av_cell col_style=”]Up to 30 years[/av_cell][av_cell col_style=”]Up to 30 years[/av_cell][av_cell col_style=”]31-35 years[/av_cell][/av_row]
[av_row row_style=”][av_cell col_style=”]Maximum Loan To Value (LTV) Limit[/av_cell][av_cell col_style=”]75%[/av_cell][av_cell col_style=”]55%[/av_cell][av_cell col_style=”]55%[/av_cell][av_cell col_style=”]45%[/av_cell][av_cell col_style=”]25%[/av_cell][av_cell col_style=”]25%[/av_cell][av_cell col_style=”]35%[/av_cell][av_cell col_style=”]15%[/av_cell][av_cell col_style=”]15%[/av_cell][/av_row]
[av_row row_style=”][av_cell col_style=”]Min
Cash
Down[/av_cell][av_cell col_style=”]5%[/av_cell][av_cell col_style=”]10%[/av_cell][av_cell col_style=”]10%[/av_cell][av_cell col_style=”]25%[/av_cell][av_cell col_style=”]25%[/av_cell][av_cell col_style=”]25%[/av_cell][av_cell col_style=”]25%[/av_cell][av_cell col_style=”]25%[/av_cell][av_cell col_style=”]25%[/av_cell][/av_row]
[/av_table]

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All Co-borrowers must be mortgagors. Also there is a Total Debt to …