Wednesday, 2 October 2013

Singapore Property Loan - HL Bank Singapore - Health Banking


HL Bank Singapore Branch has a dedicated unit known as Health Banking which is focused only on banking for doctors. The team has intimate knowledge and understanding of the local health care industry which enabled them to customize their facilities to customer exact requirements.

Purchasing of Medical Suites/Clinics – Maximum loan quantum of up to 100%*
If your intention is to buy or refinance a clinic or a specialist medical suite, HL bank offer a tailor- made loan package.

Features:
-Up to 100% LTV Financing
-Long Tenure – Up to 25 years
-Competitive interest rates, perpetual for entire loan tenure.
-Option of annual principal pay-down, goo for cash flow.
-No redemption penalty in the event of sub-sale.

*Subject to approval.

Purchasing Medical Equipment – Maximum loan quantum of up to 100%*

Medical’s equipment is an essential part of many practices. HL Bank can offer loan of up to 100% financing for the purchase.

Tips: Certain Medical equipment that improves the productivity of the services, can be claim under Productivity and Innovation Claim with IRAS.

*Subject to approval.

Clinic Renovation Loan - Maximum loan quantum of up to 100%*

If you need to attract or retained your client, impression do counts. Get a Renovation loan to face lift your clinic.


*Subject to approval.

SMS 'HLBankhealth’ & YOUR NAME TO (+65) 91259978 to get in touch with a Banker from HL Bank Singapore.

Developer CDL


City Developments Limited, or better known as the CDL, is one of Singapore’s property pioneers operating since 1963. The company has been involved in development and investment of real estate properties and is listed as a hotel conglomerate, as well.

Humble Beginnings
Starting as an 8-employee office renting a small space in Amber Mansion, City Developments Limited has boomed into a large company. The company’s first public launch was in November of year 1963, and two years after, CDL finished its very first housing development project, the Fresh Breezes. The company was first to introduce a “show house”, a strategy followed by virtually every developer up to this day.

Shortly after Fresh Breezes was launched, CDL launched Clementi Park, its first condominium development in Singapore. In 1966, CDL’s high-rise development, the City Towers, was launched as well.

In 1972, the CDL was acquired by the Hong Leong Group, in which the company had a controlling interest. Together, the Hong Leong Group and CDL launched the first residential and shopping development called City Plaza. More development properties followed and these include the Tanglin Shopping Centre, Woh Hup Complex, the Katong Shopping Centre, The Arcade, and the Queensway Shopping Centre.

Diverse Portfolio

The City Developments Limited has a diverse portfolio that the company is proud of. With its roster of talented architects and strategists, CDL has included several well-known developments to its list of achievements.

The most current residential launches include Jewel @ Buangkok, D’Nest @ Pasir Ris, Echelon @ Alexandra, Haus @ Serangoon Garden, UP @ Robertson Quay, H2O Residences, The Glyndebourne, The Palette, W Residences, 368 Thomson, Livia @ Pasir Ris, Hedges Park  (Joint Venture between Hong Leong, TID & CDL) and Buckley Classique. For commercial developments, the CDL includes The Tampines Grande and Tampines Concourse to its portfolio. There’s also the Central Mall, the City House, the Fortune Centre, the GB Building and The Fuji Xerox Towers among many others. Industrial developments are not an unfamiliar thing with CDL. The company is the name behind many prominent industrial buildings around Singapore, such as the Cideco Industrial Complex, the Citilink Warehouse Complex, the City Industrial Building, Cititech industrial Building, and Tagore 23.

Upcoming launches for various types of development properties are soon to grace the Singapore landscape and skyline. An executive-type condominium development is soon to rise at the Sengkang West Way/ Fernvale Link also known as Lush Acres, while a mixed retail and residential development is the upcoming at the Tai Thong Crescent Project. A 124-unit condominium building is also under construction at the Leonie Hill Road, while the Gramercy Park at Grange Road is to launch soon.

Land aquisition By CDL:
  • Alexandra Road Land Parcel
Highly-Recognised

CDL, as a pioneer in the property development industry, has been given numerous awards that only prove the company’s commitment to its mission and vision. The company has received several corporate awards including the most recent BCI Asia Top 10 Developers Award 2013, the Quality Excellence Quality Champion Award by the BCA, and the Excellence Awards in the PA Community Spirit Awards 2013.

In 2012, CDL was awarded by the Singapore Environment Council with the Eco-Office Label Certification because of the company’s efforts to maintain an environmental-friendly workplace. This only reflects that City Developments Limited is not only focused on the facade and function of their development properties, but is also concerned with the environment as well.

CDL Corporate award includes
  • Green Luminary Award 2012
  • The Global 100 Most Sustainable Corporations in the World
  • Trusted Brands 2012: Property Developer Category
  • Singapore Quality Class
  • BCI Asia Top 10 Developers Award 2012

The Venue @ Tai Thong Crescent


TheVenue –For Living, Shopping, Dining - Located At Tai Thong Crescent

The Venue Residences and The Venue Shoppes is a new mixed use residential and commercial development situated within an established residential estate at Tai Thong Crescent (Parcel C). This significant mixed condominium and shopping mall is developed by reowned City Development (CDL) with vast experiences. Comprised of 266 exclusive condominiums and 28 commercial units (Retail Shops, F&B, Restaurants), surrounded by low rise landed housing in Sennett Estate, it is set to rise in the heart of District 13 in city fringe.


The Venue Facts

Location :
Tai Thong Crescent
Developer :
Tenure :
99 years
Site area :
Appox. 88,268 sqft
T.O.P. :
6th Sep 2017
Number of floors
2 Blocks of 18th storey
Number of units :
266 residential / 28 Retails
Buyer's eligibility :
Singaporeans, SPRs, Foreigners eligible


Good Investment Opportunity Amist all the Cooling Measure
It is the Right Time ! 

Investment in Commercial Properties is not affected by the Government 's recent regulations ( as in Residential Sector). There is no Additional Buyer Stamp Duty as well as loan restrictions. Residential and Industrial Investors as well as Foreign Investors are all looking for investment in commercial sectors.
And importantly, commercial properties are becoming limited in supply. 


Own this Property before the retail spaces run out. Don’t miss out this opportunity.

SMS 'Venue' & YOUR NAME TO (+65) 91259978 (Alvin Tay) for MORE INFO & TO BECOME OUR VVIP Preview CUSTOMER.

Hotline: (+65) 91259978





Why The Venue?

  • Reputable Developer CDL.
  • Efficient and spacious layout.
  • Rare mixed residential and commercial development in Potong Pasir, Macpherson.
  • City fringe District 13. Easy access to Ochard Road, CBD, MBS.
  • Well connected via major expressway such as PIE, CTE, Upper Serangoon Road.
  • Residential above retail mall. Doorstep to amenities.
  • High rental demand with Potong Pasir MRT 3 mins walk away.
  • Near to Paya Lebar Mega Hub and Kallang Commercial Hub.
  • Surrounded by landed properties within Sennette Estate.
  • Surrounded by established amenities and popular eateries.
  • within 1 km to Top School St Andrew.
  • No restriction to foreigner ownerships.

Location and Accessibility


Venue Residences will be well connected, whether by drive or public transport with nearby Potong Pasir MRT connected on North East Line.


Connected by Upper Serangoon Road and Macpherson Road, drivers of Venue Residences will enjoy the easy access to all parts of the island through the well connected major arterial roads such as Upper Serangoon Road, Central Expressway (CTE) and Pan Island Expressway (PIE) with just stone throw away! 

Superb Facilities!

Unit Mix:

Venue Residences -
• 266 exclusive residences with retail units on the ground floor.
• Choice of 1 to 4-bedroom units, 3-bedroom dual-key units, 2+study duplexes and penthouses
1 Bedroom – approx. 495-753 sqft     24 units
2 Bedroom – approx. 840-1130 sqft     114 units
2 Bedroom + Study Duplex – approx. 1163 sqft       6 units
3 Bedroom – approx. 1130-1313 sqft     72 units
4 Bedroom – approx. 1238 sqft     28 units
3 Dual-key – approx. 1378 sqft     14 units
PH – approx. 1948-2142 sqft     8 units

Venue Shoppes -
• 28 retail units comprising 5 shops and 23 restaurants/F&B
• All retail units come with full-height glass frontage and sizes ranging from 28sqm to 121sqm


Prior to the public launch, you are invited to an exclusive Pre-launch booking session. Register your interest with ALVIN TAY to participate in the pre-launch viewing to secure choice units at the lowest VVIP Preview prices before the official launch date.
               
SMS or call ALVIN TAY (+65)91259978 now to enjoy your VVIP Preview perks & secure your
unit!

Appointed Marketing Agency

We look forward to helping you find your dream unit. Act NOW and contact me!

Contact : Alvin Tay
Mobile : (+65) 91259978 (call or SMS)
Email : alvintaykongwei@gmail.com


Register for VVIP Preview or Viewing Now, or contact me for the floor plans

SMS 'Venue' & YOUR NAME TO (+65) 91259978 (Alvin Tay) for MORE INFO & TO BECOME OUR VVIP Preview CUSTOMER.

Hotline: (+65) 91259978


 * For Latest information, Check up here.


Disclaimer: The information provided is subject to changes as may be required by the authority or developer and it cannot be used to form art of the offer and/or contract. All information provided have been treated with care and developer and/or marketing agent should not be liable for any inaccuracy.

Saturday, 28 September 2013

Developer CEL Development



CEL Development Pte Ltd is a wholly owned subsidiary of Chip Eng Seng Corporation Ltd, a public listed company in Singapore since 1999.
Spearheading the Group’s portfolio in property development and investments, CEL has over the years established herself as one of the industry’s fastest rising name. With development projects and investment interests in Singapore, Australia and Vietnam, CEL Development Pte Ltd has established impressive growth in the recent years.
Being a dynamic organization, we’ve built our success on the foundations of solid ethical practices and quality standards supported by our vast expertise in the areas of construction, property development and property investment.
With a strong synthesis of youth and experience in our ranks, we are able to leverage on these expertise as a group to continually push benchmarks in construction and quality, much akin to our corporate vision.
And with our valued standard practices and dynamic approach, we strive to deliver our promise of quality homes for today and tomorrow.
CEL’s Vision: “To be a leading multi-discipline property development company of choice, one is synonymous with creating quality homes with outstanding build quality and investment value, thereby creating sustainable value to its shareholders and customers and being a socially responsible corporate organization”.

 


Junction Nine Residences @ Yishun


JunctionNine Residences – First Mixed Development within Close Proximity to Yishun MRT– Yishun Ave 9

Reside in a haven where you can enjoy the finest of both worlds, Nine Residences is a mixed development new launch at Yishun where it is built with both residential and 2 storey of commercial/retail units which is also named Junction 9. Junction nine will have F&B, Retail Shops and more, and so you will be thrilled to be able to stay in one of the residential units of 9 Residences.


Location :
Yishun Ave 9
Developer :
Tenure :
99 Yrs Leasehold
Site area :
95350 sf
T.O.P. :
20 June 2017
Number of Units
Residential
186 Units
189 Carparks
3 Handicapped
Commercial
146 units
129 Shops
17 Restaurant
93 Carparks
2 Handicapped
41 Motorcycles

Related Information(Facilities):
a. 50m Lap Pool
b. Gym
c. GreenHaus
-Bistro with Kitchenette
-Waterfall Breeze
-Serenity Corner
d. Settees
e. PLAY Scape
f. Aquatic Gym
g. PLAY Splash
h. PLAY Lagoon
i. Jacuzzi Island
j. BBQ Piazza
k. Grand Piazza
-Function Hall
-Theatre Enclave
-Onsen
-Steam Room
-Laudrette
-Male & Female Changing Rooms
-Party Deck
l. Cradling Pavilion
m. Hammock Island
n. Floating Cabana
o. Jacuzzi Garden
p. Jet Spa
q. Sunken Lounge
r. Sun Deck
s. Fitness Nook
t. Yoga Deck
u. Tea Orchard
v. Jogging Track
Buyer's eligibility :
Locals, Foreigners.


Huge First Movers Advantage
Junction Nine Residence is one of the rare development found within the vicinity around the area. Be sure be the first few owners to make use of this first movers advantage to stay at a luxury living in the vicinity or operate around the vicinity.



Yishun MRT within Distance
Nine Residences, Junction Nine is a mixed residential cum commercial development with a short walking distance to the Yishun MRT station.


Good Investment Opportunity Amist all the Cooling Measure
It is the Right Time ! 
Investment in Commercial Properties is not affected by the Government 's recent regulations ( as in Residential Sector). There is no Additional Buyer Stamp Duty as well as loan restrictions. Residential and Industrial Investors as well as Foreign Investors are all looking for investment in commercial sectors.
It makes commercial properties becoming limited in supply.


Own this 99 years leasehold Residential/Commercial Property which is next close to Yishun MRT. Don’t miss out this opportunity.

SMS 'J9’ & YOUR NAME TO (+65) 91259978 (Alvin Tay) for MORE INFO & TO BECOME OUR VVIP Preview CUSTOMER.

Hotline: (+65) 91259978


  • Reputable Develper CEL Development
  • Rare Mixed Development in the vicinity of a mature town
  • Shopping Mall @ Doorstep
  • 7 mins walk to Yishun MRT Station
  • 7 mins walk to North Point Shopping Mall & Yishun 10
  • Within 1km to Reputable School
  • Huge pool of tenants and shopping traffics
  • Mins drive to Seletar Aerospace
  • Plenty of Eateries and Amenities in the surrounding
  • High upside potential
  • High Rental Yield and  Demand in Yishun
Location and Accessibility
With Yishun MRT, you can practically access to any part of Singapore easily.



Superb Site


Junction Nine Residences has countless amenities surrounding it, plenty of schools for the children to study in it and number of private residential around the vicinity.

Unit Mix:
Residential
1 BR : 4 units (46 sqm)
1 BR + Study : 26 units (51 sqm – 53 sqm)
2-Bedroom : 22 units (65 sqm)
2 BR + Study : 44 units (66 sqm)
3-Bedroom : 51 units (85 sqm – 93 sqm)
4-Bedroom : 22 units (109 sqm)
5-Bedroom : 11 units (126 sqm – 127 sqm)
Strata Terrace Units : 6 units (144 sqm)

Commercial
Shops -1st Storey 161-721 sf (72 Units)
              2nd Storey 118-1044 sf (57 Units)
Restaurants-1st Storey 592 -1130 sf (12 Units)
                        2nd Storey 1346-4198 sf (5 Units)


Prior to the public launch, you are invited to an exclusive Pre-launch booking session. Register your interest with ALVIN TAY to participate in the pre-launch viewing to secure choice units at the lowest VVIP Preview prices before the official launch date.
               
SMS or call ALVIN TAY (+65)91259978 now to enjoy your VVIP Preview perks & secure your
unit!

Appointed Marketing Agency

We look forward to helping you find your dream unit. Act NOW and contact me!

Contact : Alvin Tay
Mobile : (+65) 91259978 (call or SMS)
Email : alvintaykongwei@gmail.com


Register for VVIP Preview or Viewing Now, or contact me for the floor plans

SMS 'J9' & YOUR NAME TO (+65) 91259978 (Alvin Tay) for MORE INFO & TO BECOME OUR VVIP Preview CUSTOMER.

Hotline: (+65) 91259978


***For Latest updates check up here

Disclaimer: The information provided is subject to changes as may be required by the authority or developer and it cannot be used to form art of the offer and/or contract. All information provided have been treated with care and developer and/or marketing agent should not be liable for any inaccuracy.









Monday, 23 September 2013

Language - Total Debt Servicing Ratio


The Monetary Authority of Singapore (MAS) has introduced “Total Debt Servicing Ratio” (TDSR) framework for all property loans granted by financial institutions (FIs) to individuals on 28 June 2013.  This will require the FIs to take into consideration borrowers’ other outstanding debt obligations when granting property loans and will help strengthen credit underwriting practices by FIs and encourage financial prudence among borrowers.

The TDSR will apply to loans for the purchase of all types of property, loans secured on property, and the re-financing of all such loans.

The methodology for computing the TDSR will be standardised.  FIs will be required to:

-take into account the monthly repayment for the property loan that the borrower is applying for plus the monthly repayments on all other outstanding property and non-property debt obligations of the borrower;

-apply a specified medium-term interest rate (3.5% for housing loans and 4.5% for non-residential property loans) or the prevailing market interest rate, whichever is higher, to the property loan that the borrower is applying for when calculating the TDSR.

-apply a haircut of at least 30% to all variable income (e.g. bonuses) and rental income; and

- MAS will require borrowers named on a property loan to be the mortgagors of the residential property for which the loan is taken;“guarantors” who are standing guarantee for borrowers otherwise assessed by the FI at the point of application for the housing loan not to meet the TDSR threshold for a property loan to be brought in as co-borrowers; and in the case of joint borrowers, that FIs use the income-weighted average age of borrowers when applying the rules on loan tenure.

MAS expects any property loan extended by the FI to not exceed a TDSR threshold of 60% and will regard any property loan in excess of a 60% TDSR to be imprudent. MAS will monitor and review the 60% threshold over time, with a view to further encouraging financial prudence.    
  
The new rules will take effect from 29 June 2013.

Let looks at the following case:

Looking to buy a condo for the first time.

Interest Rate
1st Year
3M SIBOR +
0.95%
Purchase Price:
$1,000,000
2nd Year
3M SIBOR +
0.95%
80% Loan Amount:
$800,000
3rd Year
3M SIBOR +
0.95%
Loan Period/Yr:
30
4th Year
3M SIBOR +
0.95%
SIBOR:
0.38%


Repayment Details


Principal + Interest Per month
Year
Interest Rate
Description
Principal
Interest
Total
1st Year :
1.330%
$P1 + $I1
$1,810
$886
$2,696
2nd Year:
1.330%
$P2 + $I2
$1,810
$886
$2,696
3rd Year:
1.230%
$P3 + $I3
$1,838
$820
$2,658
4th Year Onward:
1.230%
$P4 + $I4
$1,838
$820
$2,658

Let’s say the buyer commitment is $2658 per month upon the 4th year of the loan disbursement. If we were to assume that this purchaser has a car loan and credit card of $1,400 per month and an income of $10,000 per month. The TDSR is 41%.

If the property industry become even more challenged with an interest rate hike, then the possibility of a property default increases.

If interest Increases by :
1%
2%
3%
4%
5%
Interest Rate on Year 5:
2.230%
3.230%
4.230%
5.230%
6.230%
Monthly Installment
$3049
$3472
$3926
$4407
$4915
Other Total Liabilities
1400
1400
1400
1400
1400
Total Recognized income
10000
10000
10000
10000
10000
Debt Serving Ratio(DSR)
45%
49%
54%
59%
N/A

It is not impossible for an interest rate environment of five percent to return, but do not wait for it to happen. Learn to plan for this and start looking at controlling your liabilities. For instances, reduces your card loan or spent lesser from credit card.