These Tiong Bahru Conserved properties are a trophy homes of sorts.
Where else but here in Singapore could you own an affordable piece of heritage for price of a HDB?
This cute size 3 bedder overlooks mature trees and a green open space. (Yeah, there is a pesky on-going construction but hey, that is just a temporary situation). Once that condo is completed, this would be such a serene place to live in. And if you are planning to lease it out, this apartment doesn’t stay empty for long as there is always a high demand for nice apartments in this historic estate.
There is an existing lease till May 2018 and that is really not too far away in the future. You can decide then what you would like to do with this. If you need help to lease it out, I’m always available to guide you. And if you are planning to move in, Welcome to Tiong Bahru! The joy and convenience of living in this estate is one of a kind. With the Market, MRT, Mall and 2 major expressways at the perimeter of the estate, you are almost always only 5-15mins away from almost everything in the central area.
Okay, now we talk about the financing concerns.
Contrary to a lot of “good” advice many of you might have heard about the bank loans, here’s the news. ,You can still get a decent bank loan from the major banks in Singapore! The loan tenure ranges from 18-28 years. (Nice 4D number ah), Of course that would depend on your current age.
Loan quantum, contrary to a lot of misconception, is also not an issue here. You can safely obtain up to 70% Loan To Value (Banker Speak : LTV) for these properties. The loans is subject to the Total Debt Servicing Ratio (Banker Speak again : TDSR)
Anyway, there is TMI here already. Why not call me to make an appointment and we speak after we check out the apartment.
Hear from you soon.