Location :
Located off Sixth Avenue/Upper Bukit Timah Road, near PIEexpressway Eng Neo Avenue exit. Outside CBD.
Brief description :
4-storey commercial boutique commercial building comprising a supermarket, a shop and 2 cafes on the 1st storey and offices onthe 2nd to 4th storey, with a basement carpark.
Basement Carpark : 93 carpark slots with reasonable parking rates:
A. Season Parking:
120 per month (payable quarterly in advance)
B. Hourly Parking
Mon to Sat:
8a.m. to 12 nn : 2cts/min for the first 30 mins, 5 cts/min there after
12 nn. to 2 p.m. : 8 cts/min
2 p.m. to 6 p.m. : 2 cts/min for first 30 mins, 5 cts/min thereafter
6 p.m. to 8 a.m. : 2 cts/min for first 30 mins, 3 cts/min thereafter
Saturdays / Sundays / Public Hoildays:
8 a.m. to 8 a.m. : 2 cts/min for first 30 mins, 3 cts/min thereafter
UNITS FOR LEASE (OFFICE)
| Estimated Area (sf) | Estimated Availability | Asking Gross Rent (psf) |
|---|
| 898 | Jul 2010 | $5.00 |
| 1530 | Jul 2010 | $5.00 |
| 1764 | Jul 2010 | $5.00 |
*Subject to change without prior notice
*Subject to availability and contract
*Subject to prevailing GST
Labels: Commercial
Kembangan Suites
Residential units fully sold!!
Shop Houses available for sales now!!
Only 1-2 minutes walk to Kembangan MRT. Comprising of 60 exclusiv freehold residences and 8 shops, a haven away from the bustle of the city, perfectly balanced between exclusivity and convenience.
DEVELOPER: Asimont Properties Pte Ltd (ROC 200712556R), GST registered
PROJECT DESCRIPTION:
Proposed erection of a 5-storey development comprising shops on the 1st storey (Total: 8 units), residential flats on remaining floors with attic (Total 60 units),swimming pool and basement mechanised carpark on lot 03067N , 03068X , 03069L , 04946N MK23 @ 16 Jalan Masjid (Bedok Planning Area).
ADDRESS: 16 JALAN MASJID, SINGAPORE (418941)
TENURE: Freehold
SITE AREA: 13,879 sqft
TOTAL SELLABLE FLOOR AREA: Commercial = 5,724 sqft, Residential = 34,636 sqft
TOTAL UNITS: 60 units + 8 Shops
UNITS AVAILABLE :
SHOPS 8 units 420sqf , 613sqf , 689sqf , 710sqf , 753sqf , 818sqf , 850sqf and 872sqf
1 rm 12 units 344sqf, 420sqf and 527sqf
1+1rm 29 units 430sqf, 495sqf, 516sqf, 527sqf, 538sqf and 560sqft
2 rms 3units 581sqf
2+1 rms 6units 538sqf and 624sqf
PTHSE 1 rm 1 unit 635sqf
PTHSE 1+1rm 1 unit 818sqf
PTHSE 2 rms 2 units 850sqf and 1054sqf
PTHSE 2+1rms 6 units 829sqf, 936sqf, 968sqf, 990sqf, 1076sqf
ESTIMATED MAINTENANCE:
Shops $252- $523
Typical Units
1bedroom $ 180
1+1 bedroom $ 180 (Type P is $216)
2 bedroom: $ 216
2+1 bedroom $ 216
Penthouse
1 bedroom $ 216
2 bedroom $ 216
2+1 bedroom $ 216
CARPARK LOTS: No less than 58 lots.
RECREATIONAL FACILITIES:
Gym ( 2.5 m X 2.8 m)
Landscaped Pool ( 35 m X 3.2 m)
BBQ area Jacuzzi (3.3 m x 1.4 m )
2 Centralised Refuse Chute
NO OF LIFT: 1 Each per Core X 2 Cores (2 lifts)
EXPECTED TOP (ESTIMATED TOP DATE): 30 JUNE 2012
HIGHLIGHT OF THIS PROJECT:
1. Freehold property within 1 min walks of MRT…. Where else?? (Aljunied = Geylang, Race Course = Little India?)
2. A “Lifestyle Development” offering luxurious, distinctive styling and modern comforts that appeal particularly to young professionals because of ease of commute to work and eateries.
3. Easily accessible by Major Arterial roads (Still Road / Sims Ave/ Changi Road). ECP / PIE and Of Course the MRT.
4. Just Nice Sizes with PRACTICAL design. (All units are big enough to fit individual Washing Machine and Dryer, no need to use Combo)
5. Abutting Siglap Park Connector – Walk to Telok Kurau Park (Verte Showroom) for Easy Exercise, Jogging etc.
6. Canal = Unblocked View
7. Famous Eateries/ Shops / Hotels nearby
8. Near Future Paya Lebar Business Hub – Easy Rental
9. Investment-Type Property (ideal for rental market, surrounding developments all fully occupied)
10. Ideal for Home-Office / Lovenest arrangement (No Security Guard, Access Control by Video Intercom )
11. Residential Lift Core is from Kembangan Plaza side and Shops face the shophouses = Privacy
12. Shops face outwards for 24 hr access (not internal corridor which require high Aircon consumption)
13. High Ceiling shops each with own toilet
14. Shop fronting Park Connector (Leverage on open spaces)
15. Riverfront Al Fresco dining?
16. Bicycle/ Inline skating Shop?
17. Gym, Rooftop Lap Pool, BBQ Pit,
18. Affordable Quantum and low maintaince Charges
19. Basement Mechanical Carpark = Vandal Proof!
20. TOTO Sanitaryware
21. Mitsubishi Electric Inverter Aircon
22. BOSCH Hob and Hood (Tank Gas)
23. GATEMAN Digital Lockset
DEVELOPER TRACK RECORD:
Robertson Edge TOP 19 Nov 08
STADIA @ YCK TOP Nov 2009
Location Map
Site Plan
Floor Plan
Residentials
Type A & B
Type C/D/E/F
Type G/H/J/K
Type L/M
Type N/P/Q
Type PhA/ PhD
Type PhE/ PhF
Type PhG/ PhH
Type PhJ/ PhK
Shops
Shops 1 to 4
Shops 5 to 8
SpecificationSpecification 2Labels: Commercial
Buying a Property in Singapore
Singapore Land is a scarce commodity in Singapore. Due to this, residential properties are mainly in the form of highrise apartments or condominiums. Landed properties are a luxury as they are very expensive. On average, 80% of Singaporeans live in flats which are built and managed by the Housing and Development Board (HDB) while the rest live in private apartments, condominiums and landed properties.
The population continues to grow as the influx of foreigners increases with the opportunities in Singapore’s bustling economy. The three main property types here are HDB flats, private apartments and landed properties. Foreigners must clearly understand the differences among these properties, especially because of the ownership restrictions for HDB flats and landed properties. It is absolutely important to know about the property you intend to buy. Before deciding on which property type of property you are purchasing, you need to know the general classification of properties as set by the government.
Singapore Housing TypeA) Housing and Development Board (HDB)
The Housing and Development Board (HDB) is a common feature of Singapore real estate listings in Singapore with more than 80% of Singaporeans living in public housing. Purchases of HDB flats are restricted to Singaporeans and Permanent Residents. For the HDB flat classification system, the living room is counted as 1 room. You may refer to the HDB website for more information.
- 2 Rm (2 room HDB Flat). 1 bedroom with a built-in area of about 45 sq m or 485 sq ft.
- 3 Rm (3 room HDB Flat). 2 bedrooms with a built-in area of about 70 sq m or 754 sq ft.
- 4 Rm (4 room HDB Flat). 3 bedrooms with a built-in area of about 90 sq m or 969 sq ft.
- 5 Rm (5 room HDB Flat). 3 bedrooms with a built-in area of about 110 sq m or 1,184 sq ft.
- EA (Executive Apartment). 3/4 bedrooms with built-in area of about 150 sqm or 1,615 sqft.
- EM (Executive Mansionette). Same as Executive apartment, except it has two levels.
- 6 Rm (6 room HDB Flat). Jumbo flat joint by two 3 room flats
B) Condominium / Private ApartmentPrivate apartments and condominiums come in various sizes from as small as 500 sq ft to 8,000 sq ft. The units in private residential projects range from studio, 1, 2, 3 and 4-bedroom units to penthouses. Residents, both Singaporeans and foreigners, share a common compound and facilities such as clubhouses, playgrounds, gymnasiums, swimming pools, tennis courts and BBQ pits. Most condominiums also come with 24-hour security surveillance and intercom systems. These developments are commonly freehold but there are instances where they are 99-year leasehold or 999-year leasehold.
- Condo (Condominiums). Apartment with facilities.
- Duplex. Apartment divided into two living residences, having separate entrances.
- HiRise (High rise Apartment). Usually with no facilities.
- LoRise (Low rise Apartment). Usually with no facilities.
- Mansionette. Apartment with two levels, double storey.
- Penthse. Biggest unit in a condo or apartment block. Usually on top floor and two levels.
- TownHse. Landed house that shares the same compound or facilities (if any).
- WalkUp. Low rise apartment without a lift, have to walk up using the stairs.
C) Landed PropertyConventional landed property on Singapore real estate listings refer to houses which come with private garden compounds and/or garages. These properties can be very expensive depending on the plot size as well as location and are usually tied to the land title. Most are freehold yet some are 99-year leasehold and 999-year leasehold. Singapore Government has imposed restrictions on foreign ownership of private residential property in Singapore. You may refer to the
Singapore Land Authority website for more information.
- Bungalow. Free standing house with no shared wall with others except the fence.
- Semi Detached. A pair of houses, two houses joint side by side.
- Inter Terrace (Intermediate Terrace House). A row of houses joint side by side.
- Corner Terrace (Corner Terrace House). The last house of the row of houses.
D) Others- Colonial House, Bungalow: Houses built in the pre-war British colonial times.
- Conservation House, Shop House: Houses or Shop Houses that are marked for conservation.
- Black and White House: Houses built in the pre-war British colonial times, usually with white external walls with wood support painted in black.
- Heritage House: House constructed with a touch of Asian heritage and culture, Balinese concept and loved by expatriates.
Appointing a solicitorThe best and safest way to go about purchasing a property is to first appoint a solicitor. This will help to overcome the web of legalities and help expedite the process without any unnecessary hiccups. Furthermore, the solicitor will look into the overall phases of the purchase process that includes mortgage if a bank mortgage is sought or withdrawal of funds from the CPF Board if this is your option.
Ensure that you have the money before signing any contract because if you are unable to come up with the money to go through with the purchase after the reservation deposits are paid, it may be forfeited unless the cancellation is due to reasons stated in the contract.
Getting financing for the intended propertyGetting a bank mortgage to finance the property isn’t difficult as long as you can provide the proper documentation and have a clean financial record. The approval and mortgage amount you get will depend on your income and capacity to service the monthly repayments, your age, employment history, credit history as well as the valuation of the said property by the bank. Under normal circumstances, Singaporeans may get up to 90% while foreigners up to 80% financing on the amount of the property value. If you are a Singaporean, you may withdraw from your CPF savings for the deposit. If your CPF has a substantial amount you may not need much cash to pay for the property but for foreigners, be prepared to fork out at least 20% in cash which would include certain fees. If purchasing a HDB flat, you may want to check your eligibility for a concession loan from HDB before considering a commercial bank for a mortgage.
Necessary documentationOption to PurchaseThe ‘Option to Purchase’ gives you a 14-day exclusivity period to decide on purchasing the intended property. Upon signing the ‘Option to Purchase’ agreement, 1% of the purchase price is placed as a good faith deposit. If you decide to purchase it within the stipulated deadline, you must return the agreement to the seller together with another 4% or 9% depending on what is agreed on in the agreement. If you fail to honor the agreement within 14 days, your 1% deposit is forfeited and the property may be offered to another buyer.
Offer to PurchaseThe ‘Offer to Purchase’ is an agreement where you may not want any time to consider or contemplate on the property but instead prefer to make a binding direct offer to purchase. This agreement is to be prepared by your solicitor or agent, stating the price, completion date and other conditions you want to specify. If the seller accepts the offer, the ‘Offer to Purchase’ agreement must be signed and you can move into the next phase of the process which is the Sales & Purchase Agreement (S&P). At this stage, 5% or 10% of the agreed price is paid to the seller as a deposit.
Sales and Purchase AgreementDuring this phase, your solicitor will lodge a caveat on the said property, coordinate with the bank/CPF board for the mortgage up to the preparation of the contracts which will in total take approximately 10 weeks.
Fees and CommissionsYou will also need to consider the fees and commissions that will be incurred from the transaction such as:
Agent's Commission
The agent’s commission is usually paid by the seller which could be between 1-2% of the selling price. For a HDB flat the commission is 1%.
Solicitor's Fee
Solicitor’s fee paid by the buyer is between 0.3-0.6% of the selling price. Extra legal fee is applicable if CPF is used to pay for the apartment. The seller pays 0.15% of the transaction value to his/her solicitor.
Mortgage FeeBanks charge administration fee and valuation fee for the mortgage which is usually around S$200-300. You are also required to purchase an insurance policy on the property.
Stamp FeeThe stamp fee is payable to Inland Revenue Authority of Singapore within 14 days upon exercising the Option to Purchase or signing the Sales and Purchase Agreement when buying from a property developer. For properties above S$360,000, the stamp fee is 3% of the purchase price. The mortgage stamp fee is around S$500, which is quite the standard amount for most mortgages.
Labels: Other
01 City - Business District
Boat Quay, Chinatown, Havelock Road, Marina Square, Raffles Place, Suntec City
02 City - Business District
Anson Road, Chinatown, Neil Road, Raffles Place, Shenton Way, Tanjong Pagar
03 Central South
Alexandra Road, Tiong Bahru, Queenstown
04 South
Keppel, Mount Faber, Sentosa, Telok Blangah
05 South West
Buona Vista, Dover, Pasir Panjang, West Coast
06 City - Business District
City Hall, High Street, North Bridge Road
07 City
Beach Road, Bencoolen Road, Bugis, Rochor
08 Central
Little India, Farrer Park, Serangoon Road
09 Central - Orchard
Cairnhill, Killiney, Leonie Hill, Orchard, Oxley
10 Central - Near Orchard
Balmoral, Bukit Timah, Grange Road, Holland, Orchard Boulevard, River Valley, Tanglin Road
11 Central - Near Orchard
Chancery, Bukit Timah, Dunearn Road, Newton
12 Central
Balestier, Moulmein, Novena, Toa Payoh
13 Central East
Potong Pasir, Machpherson
14 Central East
Eunos, Geylang, Kembangan, Paya Lebar
15 East Coast
Katong, Marine Parade, Siglap, Tanjong Rhu
16 Upper East Coast
Bayshore, Bedok, Chai Chee
17 Far East
Changi, Loyang, Pasir Ris
18 Far East
Pasir Ris, Simei, Tampines
19 North East
Hougang, Punggol, Sengkang
20 Central North
Ang Mo Kio, Bishan, Braddell Road, Thomson
21 Central West
Clementi, Upper Bukit Timah, Hume Avenue
22 Far West
Boon Lay, Jurong, Tuas
23 North West
Bukit Batok, Choa Chu Kang, Hillview Avenue, Upper Bukit Timah
24 Far North West
Kranji, Lim Chu Kang, Sungei Gedong, Tengah
25 Far North
Admiralty, Woodlands
26 North
Tagore, Yio Chu Kang
27 Far North
Admiralty, Sembawang, Yishun
28 North East
Seletar, Yio Chu Kang
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