JLL Public Auction
At a public auction conducted by JLL at the Amara hotel last Thursday failed to generate any …
Read More
Harmonious and Balanced Living Exploring Mortgage Options for Financial Stability
Singapore’s cityscape boasts towering skyscrapers and state-of-the-art facilities. Sought-after condominiums are strategically situated in desirable locations, offering a fusion of opulence and convenience that is appealing to locals and foreigners alike. These residential buildings boast an array of luxurious facilities such as swimming pools, fitness centers, and top-notch security services, elevating the standard of living and garnering attention from potential renters and buyers. As a result, investors can expect profitable rental returns and exponential growth in property values over time. For those in need of mortgages, there are also various options available such as mortgage options to further enhance the appeal of these exceptional properties.
Fixed-Rate Mortgages
Harmonious and Balanced Living: Exploring Mortgage Options for Financial Stability
Adjustable-Rate Mortgages
Homebuyers who opt for an ARM should carefully consider their financial situation and their tolerance for risk. While an ARM can provide initial savings, there is a possibility of higher payments in the future if interest rates rise. However, ARMs often come with caps and limits on how much the interest rate can increase, making it a viable option for those who plan to sell their home before the initial rate period ends.
Fixed-rate mortgages also offer the benefit of predictable …
Buying Sentiments of Westwood Residences
Lots of HDB upgraders, or singles and also newlyweds looking for their own 1st family homes may be looking for Westwood Residences EC in Jurong as their choice homes. However, the Total Debt Servicing Ratio (TDSR) framework might just be putting the buyers off as they do not have enough to loan.
Whilst figures shows dropping manufacture activity is actually negatively impacting on the city state’s economy, a drop in estate selling prices can potentially result in a more significant threat, in line with mass media reports as many buyers are not able to purchase their dream home. Indeed, figures show that it is negatively affected as the town state’s economy grew by merely 1.4% in Q3 2014 yearly, while many economic experts surveyed by Reuters have been expecting a 1.8 percent increase.
Westwood Residences EC Buying Sentiments
Developers have previously enjoyed the Arina East Residences gains within the residential house price uphill cycle from 2005 and hence many developers are not willing to reduce their prices as they have a strong balance sheet to withstand slow sales. On the other hand, potential purchasers are very aware of the current downtrend in prices plus they …
Two-bedroom penthouse at Suites at Orchard selling for $2.27 mil
Based on URA cautions, purchases including penthouse systems at Suites at Orchard are uncommon. No units of any type of size were offered in between October 2018 as well as December 2020 and just four systems have actually been offered in the past 18 months. One of the most current purchase was for a 732 sq ft device that was sold for $1.4 million ($1,913 psf) on May 27.
A two-bedroom penthouse unit at Suites at Orchard is on the market for $2.27 million. The overview price for the 1,367 sq ft unit translates to around $1,660 psf based upon the flooring location. A proprietor’s sale, the device will be installed for auction by ERA Realty on July 26.
A two-bedroom penthouse system at Suites at Orchard is on the market for $2.27 million. The guide price for the 1,367 sq feet unit equates to around $1,660 psf based on the floor area. Based on URA caveats, purchases involving penthouse units at Suites at Orchard are unusual. No devices of any dimension were offered between October 2018 and December 2020 as well as just four systems have actually been offered in the previous 18 months. Far this …
Government to reduce supply of EC Land
The government is expected to trim down the supply of land intended for private and EC Tampines Ave 11 Condo housing on the confirmed list for H1 2015 Government Land Sales (GLS) programme due to rising vacancies and sluggish sales, according to property experts in media reports. Therefore existing land like Westwood Residences will continue to be in demand.
Chua Yang Liang, JLL’s Research Head for Southeast Asia, said, “The period of supplying sufficient land to meet the pent-up demand arising from the large population growth between 2007 and 2009 is over. Now the state is likely to be looking at maintaining sufficient new supply to meet the long-term housing need, i.e. from new household formation in Westwood Residences”.
Westwood Residences Land Sales
In concurrence, Savills’ Alan Cheong noted “the general undersupply situation has been resolved and thus the GLS Programme may reflect a more sedentary pace in line with demographic trends.”
R’ST Research believes the land to be released under the confirmed list for the second half of next year can yield about 1,900 units and this include Westwood Residences, while JLL projected a higher figure of around 3,700 units.
On the other hand, experts feel that land on …