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ARDMORE THREE

Ardmore Three is an ultra luxury condominium located at the most prestigious and high-end neighbourhood in Singapore, Ardmore Park.

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Goodwood Grand is a brand new luxury condo located at Balmoral Road, prime district 10 of Singapore.

NEW FUTURA

New Futura is the latest ultra luxurious freehold condominium by renowned developer, City Development Ltd (CDL), in prime District 9.

ONE BALMORAL

One Balmoral is a top class condominium development by a reputable developer, Hong Leong Holding. Located at One Balmoral Road in District 10.

MARTIN MODERN

Martin Modern is the most exciting and the only new launch luxurious condominium in district 9 in 2017.

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Leedon Residences is a freehold high-end residential development by Guocoland, occupying 5 hectares of massive and prime land.

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The Opus Amber Gardens by CDL

The Opus Amber Gardens by CDL

The Opus Amber Gardens can be an astonishing condominium situated along amber gardens Singapore. Amber gardens are absolutely just a narrow street mixing up with both amber road and Tanjong katong main road. The Opus condo is arranged neatly in an area that’s regarded as truly exceptional in terms of the exclusiveness and private identity. It really is a peace-loving neighbourhood that embraces almost all wrongdoings as compared to other districts. The special plot of land site also allows residents to have access to one of the world best transportation network in order to travel seamlessly to any parts of the country.

The Opus Amber Gardens

The opus condo at amber gardens offers an array of different spectacular unit layout, with the hope of helping every prospect into buying a house which fulfils their specific requirements. There are many apartment units with three bedrooms as compared to the single bedded unit type to lessen the populace intensity. Besides the usual floor plans being revealed, there is also an everyday club, huge indoor gymnastics area, Olympic size swimming pool, barbeque lots and children’s territory.

Greatly reducing the traveling time required by having all the best facilities in-house. If you’ve been itching for some smacking good times, there is also a rare tennis court within the premise for the residents. Among the essential points of the opus location is being situated in a champion locale that is in closeness to east coast recreational park and Parkway Parade.

East coast beach is our most famous place for folks, allowing them to bring along their own families for superior weekend stimulation. If you have been planning for a huge bbq party, you can do it along the beach with your loved ones and friends. Apart from the barbequed poultries, you can also purchase other international cuisines at the food establishments along the beach.

Food Found Along The Opus Amber Gardens

The amber gardens could be the real estate of the east coast seafood centre that’s packed with addictions that will be able to bring in never ending streams of customers regularly. You may also stroll around the seafood centre and find the perfect bench while appreciating good wine and beautiful scenery. It will be the most exciting scene when you’re sitting there waiting for the cool breeze with your loved partner.

Shopping Around The Opus

The Opus condominium will have lots more to offer to the residents by having Katong Shopping Centre, Parkway Parade, I12 Katong Mall and many other smaller complexes. All this neighbourhood amenities will be able to satisfy your daily and weekly needs, even without the need to enter orchard road unless you’re looking to purchase international branded stuffs.

So, if you want to give the best to your family, The Opus condo along amber road could be the best option as it is a rare freehold property on offer right now.

New Amber Forty Five Condo by UOL Group

Amber Forty Five

New Amber Forty Five along Amber road, it was a piece of beautiful property used by a local landscape gardening and floral nursery specialist, Ban Nee Chen Pte Ltd. They were since in the business for more than 3 decades serving both the corporate world and neighbourhood marketplace very well.

However, they will be shifting and vacating the premises very soon. Appointed contractors will be coming with their bulldozers and such to flatten the whole land area, making way for a brand new swanky and luxurious condominium since it was sold in the early 2017.

The original land parcel was owned by a developer Sin Lian Huat, a freehold piece of land in amber road. It was sold on a basis of private sale agreement between them and UOL Group Ltd, transacting at a cool selling price of $156 million.

It was a fairly small plot of land at almost 70,000 square feet in size, you could probably drive pass the area without noticing anything as the actual site fits snugly in between both The Shore Residences and The Sea View condo nicely.

The new Amber 45 condo will be redeveloped by the builder into a single and vertical tower, with a touch of contemporary and high-end stroke to the beautiful façade. Without compromising the existing 2.1 plot ratio provided by the Urban Redevelopment Authority of Singapore (URA), it will be made to stand at a comfortable twenty-one storey tall solid structure housing approximately 140 apartments.

Conceptualised by one of the Top architecture firm in Singapore, ADDP Architects will certainly bring out the best potential in this awesome project. Some of the facilities within the condo includes a lap pool, private fitness corner, garden maze, BBQ pits and a rare tennis court for the residents.

Smart Living for All

In addition to that, they will be working alongside an advanced technology company in developing a full suite of intelligent systems. Introducing and integrating a smart living environment for all the future residents of Amber 45.

According to the developer, there will not be a small size single bedroom configuration planned for the new condo. It will instead release the floor plans of two-bedroom layout onwards to penthouses, as the Katong area will be attracting more potential buyers with a family nucleus. Perhaps, gone were those days of people rushing in to snap up every single “mickey mouse” units which is available for investments. In any case, a two-bedded apartment is certainly better than a single bed unit.

Further on that, this new condo being located at amber road will not disappoint you. It enjoys a high number of followers from both locals and foreign expats due to the excellent locality. A prime area in Katong, a district 15 address for you.

It is not only near to the city, but it also allows many non-driving individuals to have the convenience by being near to the upcoming Tanjong Katong station, merely 100 over meters away from the residence. Scoring very highly in terms of housing quality, nearby amenities, ease of traveling and the affordability.

A truly affluent community waiting for you to be a part of their big family at Amber 45.

How to Conduct Yourself in Property Auctions

How to Conduct Yourself in Property Auctions

auction house hammer

 

Have you been wondering what goes on before, during and after a property auction?

How to behave and what to look out for?

Let’s have a look and run it through.

In recent years, there are an increase of mortgagee sale on the back of a global economic slowdown and the tight leasing market challenges. There were 243 units (68% residential) of them in 2016, putting them at a five-year record high and it could be the year of mortgagee sale in 2017 as more listings were being projected.

So what is a mortgagee sale? It occurs when the owner(s) of the said property is no longer able to service their mortgage. Therefore, the “creditor” which is the bank that provides the loan to the home owner(s) will step in to repossess the said property. They will then put it up for auction, hoping to “recoup” as much as possible after a valuation.

Types of property going under the hammer

There are a few auction houses in Singapore such as Knight Frank, Jones Lang LaSalle and Colliers International. They do auction off all types of assets, including residence, commercial/industrial as well as development sites. However, there will always be certain assets which is highly favoured by potential investors and they are (non-exhaustive):

  • Rare properties/buildings under conservation
  • Properties/in area with future development potential
  • Prime real estate/land in excellent locale

And now you’ve made up your mind and ready to sit in for an auction, loan approved and cheque on hand. Nice! but before you raised your hand in bidding, please exercise due-diligence to avoid any potential pitfalls. Some may appear to be too good to be true and it probably is.

What are the signs to look out for?

Viewing of your Targeted Properties

Make time for viewing of your preferred properties, usually 1 to 2 weeks before the big day. Sellers would want to make a big and nice impression of it to attract potential bidders. If viewing is not available or on a short notice, it sets off the alarm. Would you want to take the risk blindly?

What is the Master Plan?

If you’re not familiar with the area, check it out and see the future for yourself! It is always a good practice to look into it.

General Discounts from Valuation

As a rule of thumb, there will most likely be a 5% to 10% price difference from the valuation in general for assets priced up to $3 million and a bigger % for higher priced assets. Keep calculating during bidding before you’re paying more than you should.

If You’re In The Know

Only for the seasoned old birds! or else please refrain from bidding for abandoned landed assets. Most often than not, purchasers are not keen on the property but the land itself. They have the knowledge, know-hows and higher accuracy of the cost estimation for reconstruction. Never underestimate the cost if you’re not experienced in this.

Your Preferred Property Pulled Off From Auction

And you’re feeling upset. Well, if you leave when the auction ends, it most probably ends there leaving you high and dry. But the bidding goes on aggressively behind when other bidders engages the seller privately as the reserve price were not met earlier on. You may keep trying to negotiate for a win-win transaction and this is what most of them are doing.

Who Else Are Selling Indirectly?

When you’re there, look around and network with the attendees. They are people like yourself or maybe real estate salesperson and they might just have the perfect property for you instead.

Best Advice

Keep your options open and do not be afraid to walk away.

Any buyer’s remorse may last many years down the road and I’m sure you wouldn’t like it…

How Does Real Estate Company Work?

https://hbr.org/2012/08/take-ownership-of-your-actions

Establishing a Real Estate Company:

The basic requirements and criteria for setting up a real estate company may vary according to the state. There must be a broker in all cases. Whether the company is a corporation or single ownership, the owner must be licensed real estate dealer. Some states require every branch office to have a full-time broker to manage it. In some states, the broker of the head office can also be the broker of the branch office. Each state has separate laws that regulate advertising, escrow deposits, and telemarketing. Especially escrow deposits are closely monitored and regulated.

When real estate agents are hired, they are signed up with a deal of commission split. Commission split means when a commission is paid to a real estate company, and the commission is split between the brokerage and the agent. Some usual splits are 50/50, 60/40, 70/30. The split may vary according to the brokerage or the agent.

https://hbr.org/2012/08/take-ownership-of-your-actions

Listing Agent:

Listing agent is the individual who meets with a mortgage holder who is interested in selling their home. This individual works for a real estate brokerage. This individual is then employed by the sellers to sell the home. The sellers marked an agreement which clarified the measure of cash they would pay this listing agent’s business to offer their home. This agreement is known as a listing agreement.

Listing financier – All real estate agents work for a brokerage. Each brokerage has an authorized land representative who is accountable for the real estate agents working at that company. Each land specialist you meet will work for a business like one of those mentioned. The financier that utilizes the listing specialist is the listing business.

Buyer’s agent:

This agent deals with a person who is in need to buy a home. These agents show a potential home based on the needs of the buyers. The houses that the agent shows to the buyer are listed for sale either by listing agents or by the owners themselves.

Managing the Real Estate Business:

There is a wide range of managing tasks that are the core of a successful real estate business. A list of those tasks are mentioned below,

  • Real Estate Company should keep up with regional and local market happenings and industry news.
  • Research and update on active, sold, and pending listings.
  • Appointment arrangements and planning meetings, and showings
  • Manages paperwork, agreements, and records with proper state agencies

Common Investment Mistakes that most People Make

Common Investment Mistakes

People tend to make one or the other mistake as far as investing decisions are concerned. The break rules and principles that might lead to disastrous results that the investor might not expect. Errors are common, but there are always means to avoid them. So here are some of the common mistakes that people make as far as investing decisions are concerned. Have a look at it and never commit these mistakes when you are investing.

Common Investment Mistakes

The wrong strategy used in pooling funds:

The crux in investing activity lies in how well you can manage your manage your funds and reap benefits. So it is imperative that you knock the right door for pooling funds. When you are pooling funds, you have to have an eye on factors like interest, the period of loan, repayment factors, your repayment capacity and so on. Never make an investment before analyzing all these factors.

Method of analyzing the returns:

Different people follow different strategies in analyzing their returns. You cannot expect to become rich or earn a lot of returns from the investments that you have made at the earliest. There is always a sleeping period for every investment, and it is the period during which the investment multiplies. Expecting to earn a lot of profits right from the minute you invest is not the right way of looking at an investment.

Acquiring a property manager:

As far as acquiring a property manager is concerned, there are two types of mistakes that people commonly make here. They either do not hire a professional when it requires, or fail to hire a professional when it is mandatory. In both cases, the person is making a mistake. If a property manager’s role is essential then look out for a professional’s help or in case if you cannot afford it, it is better that you avoid it.

Wrong Property:

This is the worst of all mistakes that you are making. You cannot buy a property before making a proper analysis. There are a lot of factors that help you decide what your type of investment is. Consider all those factors before buying a house. If you are investing in the wrong property, you are making an irreversible mistake as you will not only face loses when you invest but also when you sell them.

You can invest at any age:

There is always one common misconception as far as investment activities are concerned. Most people believe that investments can be made, only when you are financially sound and have good sources that you can utilize to invest. This is the reason why people with a lot of potential in real estate trade begin their career very late or at times give up on the idea of making investments. Of course, money is important, but what is more important is the way in which you are handling it. So if you are good at financial management, age is never a restriction.

 

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