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China Investors, will Soon Be the No. 1 Foreign Buyers of Singapore Properties

Written by Dennis Ng on .

As mentioned in my seminars, for Mass Market condos, the "price ceiling" is income affordability, since these are properties bought mainly for Home stay. 

For High End Prime District Properties, including in District 4 (Sentosa), the comparison is Prices in other major cities, such as Hong Kong and Shanghai. And this might surprise some people that Prime properties' prices in Singapore is about 1/3 or even 1/2 of that in Hong Kong and Shanghai, and no wonder the China investors who come to Singapore will "sound" like Singaporeans "shopping" on overseas Trips, saying:"Cheap, Cheap, Cheap...."

Free Talk by Dennis: Tips on Property Financing on 6 Jun 2010 (Sun)

Written by Dennis Ng on .

Welcome to the 133rd Issue of Weekly e-newsletter by www.HousingLoanSG.com. This week I like to share with you "Millionaire Tips on Property Financing"

Dennis Ng, founder of http://www.HousingLoanSG.com has been invited to conduct a talk "Millionaire Tips to Property Financing" on 6 Jun 2010 (Sun) at Asia Investment Conference and Exhibition Seminar Room 3 from 12 pm to 12.45 pm at Suntec City Convention Hall Level 6, 601. Event is organised by SIAS (Securities Investors' Association of Singapore).

New Condo Project - The Minton - Sold over 180 units over the weekend...

Written by Dennis Ng on .

After the global stock markets fell in the last 3 weeks, all eyes are watching the "Sale Performance" of new condo launched, and it looks like condos are still selling well. 

In a widely watched property release, developer Kheng Leong had sold about 180 units of The Minton condo in Hougang as of 6 pm yesterday. 

This is out of a batch of more than 300 units that Kheng Leong has released since last Friday in the 1,145-unit development at Lorong Ah Soo/Hougang Street 11 at an average price of $850 per square foot.

Kheng Leong's general manager (property) Luk Kwok Wing said prices of one bedders sold (as of 6 pm yesterday) ranged from about $480,000 to $590,000 per unit. Two bedders cost $750,000 to $870,000. The project also has three and four bedders, penthouses as well as dual-key units. 

Buyers were predominantly young Singaporeans, including families. Generally, buyers have HDB addresses, including Hougang, Serangoon and Tampines (all in the north-east part of Singapore). 

Mr Luk said buyers were drawn by The Minton's lush landscaping and generous facilities afforded by the large site area of close to half a million square feet. 

The Minton will have a 50-metre lap pool, a 20-metre heated pool, a treehouse playground, a tennis court and an air-conditioned badminton hall that doubles as a function room. It will also boast a big library, a sky-terrace and spas/gyms. The grand clubhouse will accommodate activities like yoga, karaoke and billiards/table soccer, apart from an indoor children's playground. 

Kheng Leong, a privately owned property group controlled by the family of banker Wee Cho Yaw, is developing The Minton on the former Minton Rise site that it bought in 2007 through a collective sale.