Hot Singapore Properties

As posted in www.h88.com.sg
on 24 Jul 2009 by John

H88.com.sg Property Launches Optima@Tanah Merah to be launched

Optima@Tanah Merah to be launched

The 297 unit, 14-storey Optimah@Tanah Merah is to be l@unched @ the end of the month. The 99-ye@r m@ss m@rket condo is loc@ted right next to T@n@h Mer@h MRT.

Developed by TID Pte Ltd, a joint venture between Mitsui Fudosan of Japan and The Hong Leong Group, this District 16 project is expected to TOP in 30 June 2014. There will be five 14-storey blocks with full condo facilities, including a 50m lap pool and basement parking of 297 lots.

Number of units and estimated Unit Sizes (sqft)
32 x 1 BR (504 - 596)
79 x 2 BR (714 - 1,400)
70 x 2+1 BR (984-1,699)
70 x 3 BR(1,211 - 2,020)
18 x 3+1 BR (1,268 - 2,392)
28 x 4 BR (1,456 - 3,046)

Esimated Prices
S$750 to S$800 psf*

*Source - Business Times


Drop me an email at lawrencecyk@gmail.com for a full brief on the project.

As posted in www.h88.com.sg
on 17 Jul 2009 by Yeo ZH

H88.com.sg Property Launches Meadows at Pierce

Meadows at Pierce

Meadows at Pierce is a freehold development located along Upper Thomson Road, right across the Pierce Reservoir. It consists of 479 units housed in one 14-storey block and three 5-storey blocks.

Units include:

1 bedroom: 4 units ~ 499 sq ft
1 + 1 bedrooms: 48 units ~ 526 sq ft
2 bedrooms: 86 units ~ 975 – 1229 sq ft
3 bedrooms: 147 units ~ 1159 – 1763 sq ft
3 + 1 bedrooms: 48 units ~ 1182 sq ft
4 bedrooms: 74 units ~ 1593 – 2090 sq ft
5 bedrooms: 15 units ~ 2485 – 2679 sq ft
Ground maisonettes: 8 units ~ 2641 – 2686 sq ft
Penthouse: 49 units ~ 2030 – 3053 sq ft

Prices as yet unannounced.


Drop me an email at lawrencecyk@gmail.com for a full brief on the project.

As posted in www.h88.com.sg
on 17 Jul 2009 by Yeo ZH

H88.com.sg Property Launches Waterfront Key to launch this weekend

Waterfront Key to launch this weekend

Waterfront Key is a 99-year leasehold mass-market condo located right along the edge of Bedok reservoir. There are 427 units available in eight 15-storey towers and the project offers a full range of condo facilities.

Units available include:
2 bedroom ~ 874 -1177 sq ft
3 bedroom (compact) ~ 1,007-1108 sq ft
3 bedrooms ~ 1134-1,742sqft
3 bedrooms + study ~ 1332-1879 sq ft
4 bedrooms ~ 1488-1564 sq ft
Penthouse ~ 2860-3038 sq ft

Prices rumored to be in the $700 psf region.

[UPDATE 22 July 2009: Waterfront Keys have sold 120 units at an average price of S$735psf. Source: Business Times]

See http://www.fareast.com.sg/FEOCorp.Web/index.aspx?page=home-prop-info&prop=169


Drop me an email at lawrencecyk@gmail.com for a full brief on the project.

10 Reasons why you should buy now

1. The economic data looks better and the hard numbers out on 14th July 2009, indicate Singapore is out of recession.

2. The world economy has shown signs of picking up. Recent readings across many of the world's biggest economies - including the US, China, Japan, Britain and Canada - suggest the global recession is petering out. Canada's central bank declared on 3rd week July 2009 that the country's recession was virtually over.

3. The Stock market is up. With a double-digit gain of 13.98 per cent in July 2009, the local bourse upstaged all other key Asian markets in July's stock market rally - with only Shanghai performing better. It is the fifth winning month for Singapore and follows a record 21 per cent surge in May, as well as gains of 13 per cent in April and 6.6 per cent in March, in June 0.17 per cent.

4. Property prices are inching up in Singapore. Suburban, Ang Mo Kio buyers are paying prices starting from S$1,150 psf (levels more suitable for prime or city-fringe projects) for a 329 unit, 99 years leasehold, Centro Residences. In US, new homes sales climb 11% in June 2009, the biggest gain in 8 years, adding to evidence the slump that began in 2005 is stabilising. US home prices also rise for the first time in 3 years, houses have finally become cheap enough to lure buyers in turn stabilising prices, generating hope of a property market recovery. In China, Beijing averaged house prices in the capital leapt 27 per cent from January to June, while Shanghai has seen a 78 per cent spike in residential sales, and the climb has continued since.

5. Singapore Tourism Board is confident of attracting over 9 million visitors this year, 2009.

6. Formula One night race coming on Sep 25th to 27th 2009. It will bolster Singapore's image as an exciting lifestyle destination and an aspiring events and entertainment capital of Asia. It also serves as a very good platform for business networking and creation of new opportunities. Overseas Investors will take notice and come. In the world first night race last year in Singapore, the event drew more than 40,000 overseas vistors and generated nearly S$170 million in incremental tourism proceeds. It also captured international media attention and was watched by about 110 million people worldwide. An inaugural 3 day F1 Rocks festival will make it's debut with American R&B superstar Beyonce performing together with American hip-hop group Black Eyed Peas. Hong Kong singer Jackie Chung, Taiwanese hip-hop group Da Mouth and Sodagreen will also be there.

7. Opening of new malls, Ion Orchards opens. Analysts say the opening could change the shopping experience in Orchard Road. More than 70 per cent of its 335 stores will be new to Singapore. Among them are jeweller-to-the-stars Harry Winston, Italian label DSquared2, Spanish high street label Bershka, Chinese sportswear retailer Li-Ning and Australian shoe company Rubi Shoes.

The mall is part of a $2-billion retail and residential development called Orchard Turn, which is a joint venture between CapitaLand, Singapore's biggest developer, and Hong Kong's Sun Hung Kai Properties, one of the largest developers in Asia.
The eight-storey mall is within a 218m-tall, 56-storey luxury building. The other 48 floors will contain 175 high-end apartments called The Orchard Residences, which will be completed by next year. About 84 per cent has been sold. In June 2009, an apartment sold for $3,299 psf.

Orchard Turn chief executive Soon Su Lin says the opening of the mall is a 'significant milestone that heralds new beginnings for Orchard Road'. She adds that the vision for Ion Orchard is to create an icon befitting its unmatched location at the gateway to one of Asia's most vibrant shopping strips.

8. 1st 2009 En bloc coming, The freehold "Dragon Mansion" at 18 Spottiswoode Park Road and asking for prices akin to boom times. "Laguna Park" is up too, next month. En bloc deals shot through the roof in 2007 when 111 transactions worth a record S$12.4 billion were sealed. Last year, 2008, only 7 sales worth S$371 million done.

9. Demand for New projects have been robust and mainly from Singaporeans, about 60%.

10. Cash Rich Buyers, there are about 13,000 home owners displaced by en-bloc deals from 2005 to 2007 and these buyers have ready cash of antwhere between $1 million and $2 million each to invest.

You need to know the preliminary assessment of the amount of sale proceeds that you may get when you sell your home. This will help you evaluate your financial situation before selling your flat.

You would be able to do your sums and minimise the risk of buying another property based on any miscalculations or under-budgeting.

To compute the estimated sales proceeds, you would need:

1. The estimated resale price

2. Your loan information on the "outstanding balance" mortgage loan amount which must be fully settled before completion.

3. The amount of CPF monies used in the purchase of the flat, "the principal amount used and accrued interest".

4. Any outstanding payments to the relevant authorities.

To compute the estimated sales proceeds go to:

http://su.sg/d36a

Remember to have your Singpass, ID and Password ready.

For HDB website:

1 Click on Singpass Icon
2 Click My HDBpage on Right Icon
2 Click My flat
3 Click Financial information (there you are "Outstanding Balance")

For CPF website:

1 Click on myCPF online services
2 Login with your Singpass
3 Click on My Statement (on left box)
4 Move down to Section C (click on Property)
5 Click on My Public Housing Withdrawal Details (there you are "Total principal amount used and accrued interest)

Email me at lawrencecyk@gmail.com if you have any questions or call me at 9853 3323 to make an appointment.

ERA HOME WARRANTY PLAN

The ERA Home Warranty Plan (HWP) is a programme designed exclusively for ERA home sellers & buyers, at no extra cost to any of them. It comprises 2 sections:

• The Seller Protection Plan (SPP) – covers the Seller for the conveyancing period. It begins from the date the Buyer exercises the Option to Purchase or HDB’s 1^st Appointment date.

• The Buyer Protection Plan (BPP) – covers the Buyer for 1 year or 2.5 years from the date of legal completion of the property.

What is Covered by the ERA HWP?

The HWP covers the repairs or replacement by ERA’s HWP Department in the event of mechanical failure of eligible items listed in the Inventory List.

Items covered by the HWP include:

	Covered	NOT Covered
Water Heater	Storage or instant type water heaters that are approved by PUB or HDB.	Gas water heater
Air Conditioning System	Window-unit or split-unit air-conditioning systems with valid installation permits.	§ Casement window Air-con units § Servicing § Chemical Cleaning § Gas top-up § Fair wear & tear of insulation.
Interior Electrical System	General wiring, fuse box / circuit breaker panels, outlets / switches, light fittings & fan.	Replacement of light bulbs & tubes.
Plumbing System	Bathtubs, W.C., piping & wash basins.	Cast-iron pipes & waste pipes.
Duct Works	All accessible duct works (for big air-con system only).	Concealed duct works.
Built-in Appliances	Cooker, cooker-hood, oven, dishwasher, microwave oven.	§ Refrigerator § Washing Machine.

COVERAGE PERIOD:

Private Properties:

Scenario	Seller	Buyer
ERA’s Exclusive Listing + Direct Buyer	Condition: If Seller has given 90 days exclusive listing & is paying 2% commission + GST, then: Seller is covered for the conveyancing period from exercise of OTP to completion.	CPP Buyer (sell & buy through ERA) = 2.5 years, starting from completion date. Non-CPP Buyer = 1 year, starting from completion date.

Scenario	Seller	Buyer
ERA’s Exclusive Listing + ABC Agent’s Buyer	Condition: If Seller has given 90 days exclusive listing & is paying 2% commission + GST, then: Seller is covered for the conveyancing period from exercise of OTP to completion.	NOT COVERED
ABC Agent’s Listing + ERA’s Buyer	NOT COVERED	Condition: ERA must obtain ½ + GST of the 1% commission, then: CPP Buyer (sell & buy through ERA) = 2.5 years, starting from completion date. Non-CPP Buyer = 1 year, starting from completion date.

HDB Properties

Scenario	Seller	Buyer
ERA’s Exclusive Listing + Direct Buyer	Condition: If Seller has given 90 days exclusive listing & is paying 2% commission + GST, then: Seller is covered for the conveyancing period from 1st Appt date to completion.	Condition: If Buyer is paying 1% commission + GST, then: CPP Buyer (sell & buy through ERA) = 2.5 years, starting from completion date. Non-CPP Buyer = 1 year, starting from completion date.
ERA’s Exclusive Listing + ABC Agent’s Buyer	Condition: If Seller has given 90 days exclusive listing & is paying 2% commission + GST, then: Seller is covered for the conveyancing period from 1st Appt date to completion.	NOT COVERED

Scenario	Seller	Buyer
ABC Agent’s Listing + ERA’s Buyer	NOT COVERED	Condition: If Buyer is paying 1% commission + GST, then: CPP Buyer (sell & buy through ERA) = 2.5 years, starting from completion date. Non-CPP Buyer = 1 year, starting from completion date.

LIMITATIONS:

§ The Company shall not be liable for delays in obtaining parts for items covered.

§ The Company shall not be liable for expenses to open or close walls, floors and ceilings, including removing and replacing tile/cabinet and gaining access to covered equipment.

§ The Company shall not be liable for any condition known to have existed (faulty, spoilt) prior to date of coverage by any part to the transaction.

§ The Company shall not be liable for any existing code violations or upgrading of equipment required by law when repair or replacement is made.

§ The Company shall not be liable to repair if the subject property is used for the purposes other than owner self-occupied (e.g. tenanted or rented out).

§ The Company shall not be liable to repair of building works, window, flooring, wall, grills and etc.

§ Any discount of Commission or non-payment of GST – not covered

HWP Registration Procedure

§ ERA Associate submits Sales Transaction Form, Inventory List & CPP Form to HWP Department (Tel: 6398-3899, Fax: 6347-6178).

§ ERA Associate notifies HWP Department of 1^st Appointment date & completion date.

§ HWP Department prepares Registration Card & sends to respective owner.

§ Owner acknowledges & returns the reply slip to ERA.

HWP Requisition for Service / Repair Procedure

§ Owner calls 6226-2000 or 6398-3899 or candy_chan@era.com.sg to report the nature of services required.

§ Have the following information ready: Registration No., Owner’s Name & Contact No.

§ HWP assists to analyze the fault through phone and/or send staff or contractor to attend.

§ Service will be initiated within 48 hours upon notification by the owner. The owner must not call a contractor by themselves. ERA will not reimburse any work performed without the company’s prior approval.

§ HWP Department repairs or replaces the items that are covered under HWP. Owner is responsible for paying the first $180/- (inclusive of GST) per system, per attendance call.

EHWP (Enhanced Home Warranty Plan)

The ERA Extended Home Warranty Plan (“HWP”) is a programme designed exclusively for ERA New Project Marketing home buyers (“Buyer”). It comprises 2 sections:

• The Owner Protection Plan (“OPP”) – The purchased unit (the “Property”) must be owner-occupied. The OPP covers the Property for 3 years from the date of the Development awarded the Temporary Occupation Permit (“TOP”). The first year warranty shall cover under developer’s defects liability period (“DLP”) and immediately following by EHWP for 2 years.

• The Tenant Protection Plan (“TPP”) – The Property can be rented out for investment. The TPP covers the Property for 2 years from the date of the Development awarded the Temporary Occupation Permit (TOP). The first year warranty shall also cover the Property under developer’s defects liability period (“DLP”) and immediately following by the EHWP for I year.

ERA Singapore Pte Ltd (“the Company”) in conjunction with the EHWP covers the repairs or replacement by ERA’s Home Warranty Plan Department in the event of mechanical failure of eligible items listed in the Inventory List.

Eligible items covered by the EHWP include:

	Covered	NOT Covered
Water Heater System	All water heaters that are approved by PUB. Storage or Instant water heater.	Gas water heater Solar water heater
Air Conditioning System	All air-con systems with valid installation permits. Window units or Spilt units.	Servicing / Chemical Cleaning / Gas top-up Fair wear & tear of insulation. Casement Air-con unit.
Interior Electrical System	General wiring, fuse box / circuit breaker panels, outlets /switches, light fittings & fan.	Replacement of light bulbs & tubes.
Plumbing System	Bathtubs, W.C., piping & wash basins	Cast-iron pipes & waste pipes.

	Covered	NOT Covered
Duct Works	All accessible duct works (for big air-con system only)
Built-in Appliances	Cooker, cooker-hood, oven, dishwasher, microwave oven.	Refrigerator, Washing Machine.

Coverage Period

Scenario	Building under construction Before awarded TOP	Awarded TOP but not awarded Title
ERA’s Exclusive Listing + Direct Buyer	Property is covered for 3 years warranty commencing from the TOP date. OPP The 1st year warranty is by the developer’s defects liability period (DLP). The 2nd & 3rd years warranty are covered under the EHWP, if the owner-occupied the Property. TPP If the Property is rented out for investment purposes, then the EHWP is valid up till the end of 2nd year only.	Property is covered for 3 years warranty commencing from the TOP date. OPP The 1st year warranty is by the developer’s defects liability period (DLP). The 2nd & 3rd years warranty are covered under EHWP, if the owner-occupied the Property. However, the EHWP shall cease by end of 3rd year from the TOP date. TPP If the Property is rented out for investment purposes, then the EHWP shall cease by end of 2nd year from the TOP date.

Scenario	Building under construction Before awarded TOP	Awarded TOP but not awarded Title
ERA’s Exclusive Listing + ABC Agent’s Buyer	Property is covered for 2 years warranty from the TOP date. OPP The 1st year warranty is by the developer’s defects liability period (DLP). The 2nd year warranty is covered under the EHWP, if the owner-occupied the Property. TPP If the Property is rented out for investment purposes, then the EHWP shall not extend to 2nd year.	Property is covered for 2 years warranty from the TOP date. OPP The 1st year warranty is by the developer’s defects liability period (DLP). The 2nd year warranty is covered under the EHWP, if the owner-occupied the Property. However, the EHWP shall cease by end of 2nd year from the TOP date. TPP If the Property is rented out for investment purposes, then the EHWP shall not extend to 2nd year.

If the Property has already awarded the Title or sale by private treaty, then the EHWP for the said Property is valid for one year after the legal completion date.

Limitation

1. The Company shall not be liable for delays in obtaining parts for items covered.

2. The Company shall not be liable for expenses to open or close walls, floors and ceilings, including removing and replacing tile/cabinet and gaining access to covered equipment.

3. The Company shall not be liable for any condition known to have existed (faulty, spoilt) prior to date of coverage by any part to the transaction.

4. The Company shall not be liable for any existing code violations or upgrading of equipment required by law when repair or replacement is made.

5. The Company shall have no further obligation upon the transfer of title.

6. The Company shall not be liable to repair of building works, window, flooring, wall, grills and etc.

EHWP Registration Procedure

1. Marketing Team submits Purchaser Particulars Form (PPF) and Inventory List.

2. Marketing Team notifies HWP Department of the TOP & completion date (Tel: 6398-3899, Fax: 6347-6178, email:candy_chan@era.com.sg).

3. HWP Department prepares Registration Card & sends to respective and eligible client.

4. Client acknowledges & returns the reply slip to ERA.

EHWP Requisition for Service / Repair Procedure

1. Client calls 6226-2000 or 6398-3899 or email: candy_chan@era.com.sg to report the nature of services required.

2. Client should have the following information ready: Registration No., Owner’s Name & Contact No.

3. HWP assists to analyze the fault through phone and/or send staff or authorised contractor to attend.

4. Service will be initiated within 48 hours upon notification by the owner. The owner must not call a contractor by themselves. The Company will not reimburse any work performed without the company’s prior approval.

5. HWP Department repairs or replaces the items that are covered under HWP. Owner (OPP) is responsible for paying the first $180/- per system, per attendance call. For the tenanted unit (TPP), owner is responsible for the first $250/- per system, per attendance call.

PROGRAMME BENEFITS:

For ERA’s SELLER:

§ The HWP may enable them to get a faster sale.

§ Offers peace of mind – it eliminates the concern over the possibility of having to pay for last minute repairs during the listing period or after the property has been sold.

§ Prevents transactions from being aborted due to malfunctioning mechanical equipment.

§ No extra cost to the Seller, except deductibles.

For ERA’s BUYER:

§ Offers peace of mind – Buyers need not worry about unexpected breakdowns & costly repairs during the first year of owning the home.

§ It gives Buyers more confidence to make a larger down payment. There is no need to hold back funds in reserve to cover the cost of possible repairs.

§ No extra cost to the Buyer, except deductibles.