Singapore - Additional buyer's stamp duty for private property from Dec 8

Extracted information from http://www.channelnewsasia.com

SINGAPORE: The government has imposed an Additional Buyer's Stamp Duty (ABSD) for private property of between 3 per cent and 10 per cent for Singaporeans, Permanent Residents and foreigners to moderate investment demand for private residential property and promote a more stable and sustainable market.

The changes take effect on December 8.

• Foreigners will pay 10 per cent Additional Buyer's Stamp Duty (ABSD) for any residential property.
• Permanent Residents owning one and buying second and subsequent properties will pay 3 per cent ABSD.
• Singaporeans owning two and buying a third and subsequent residential properties will pay 3 per cent Additional Buyer's Stamp Duty.

Read full article…

How does this affect you, Mr./ Ms. Investor?

Let say, you are getting a property priced SGD$1.3m, with existing rule (as of today, 7 Dec 2011), you are supposed to pay 3%-$5400 of stamp duty, i.e. $1,300,000 X 3% - $5,400 = $33,600; with new ruling, it became $163,600. Total $130,000 difference! *gulp*

I supposed one very good thing is, investors that just bought Foresta, Miltonia, Vacanza @ East, The Trizon & My Manhattan, especially My Manhattan which was launched just 2 days ago in Kuala Lumpur might be safe from being affected by this new rule.

FYI, Singapore imposed 4 rounds of property curbs in year 2010 and 2 rounds of property curbs in 5 months for year 2011 itself, yet failed to curb the property buying frenzy, then now they have got this.

We all shall see how things goes.

Singapore - VVIP Preview of Archipelago, Bedok Reservoir.

This is a preview of Archipelago @ Bedok Reservoir, Singapore. All information shared in this blog post only valid until this property is officially launched, i.e. most probably this coming weekend (10th/11th December 2011).

Address: 501 – 583 Bedok Reservoir Road, Singapore 479267 – 479308 (running order)
Type of Development: 5 storey condominium with 18 blocks of apartment unit plus 24 strata houses (with 2 private car lots)
Tenure: 99 years lease (from 1 June 2011)
No. of units: Total 577 units (include 24 Strata Houses)
Estimated TOP: Year 2016
District: 16

Unit Mix:
1 bedroom, 2 bedrooms, 2 bedrooms + study, 3 bedrooms, 3 bedrooms + study, 4 bedrooms, 5 bedrooms, Penthouse 2 bedroom + study, Penthouse 4 bedrooms, Penthouse 5 bedrooms, Penthouse 5 bedrooms + Study, Strata Houses (5 bedrooms)

Contact us for pre-launch pricing (starting from SGD$5xx,000 - only valid until project is officially launched), or call us @ +6018 282 000 / +6018 282 0282, Oriental Realty International Division.

United Kingdom - Bolton Student Accommodation

10% NET Rental Guaranteed for the first year from start date. 

Projected return per annum after year one is  between 8% to 10% (this is just a conservative estimation, after running costs, management fee, service charges and utilities charges). 

Rental income paid quarterly in arrears direct into your bank account from completion.

For more information, kindly contact us, or call 018-282 000 / 018-282 0282

Project Description:
Tenure: 125 year Leasehold
Estimate completion: Q2 2012

* No restriction if you want to sell.
* Each floor in the building has a communal kitchen-lounge-diner and there is a laundry facility, bike storage, full gymnasium and pool tables shared amongst the whole building.
* Sale handled by UK lawyers
* Each unit will be leased back to the management company on a rolling agreement so that the whole building, in its entirety, can be let as student accommodation.
* If you are UK resident then your income will be taxable, if you are non-resident in the UK then you are classed as an "overseas landlord" and apply to HRMC in the UK for exemption - the appointed management company will be able to help with this.

Additional information:
Rental demand - £85 per week for an en-suite student unit / £95 pw for a studio apartment

Pricing:
* First floor pricing start from £34,500
* Second floor pricing start from £37,500
* Third floor pricing start from £34,500

Project Description:

1. Beautiful period building formerly known as the Pack Horse Hotel
2. Set over 3 floors, communal areas on the ground with floors 1 and 2 being converted into individual student units.
3. 69 units for sale ranging from standard en-suite to 1 bed studio's.

Project Features:

• One of the most robust UK property sectors
• Free furniture pack including TV
• Fully managed investment
• Buy to Let - student accommodation
• Gated Community - secured
• Rental Management Company - in place
• In the heart of Bolton town centre
• Furnished - ready to use
• Guaranteed Rental - 10% guaranteed rental
• Parking Space - ample parking

For more information, kindly contact us, or call 018-282 000 / 018-282 0282

Singapore - My Manhattan

My Manhattan @ Singapore

PRICE START from $967psf!!!

Located near the Changi Business Park and upcoming Singapore's 4th University, District 18, walking distance to Simei MRT station and Eastpoint Shopping Mall!

This is a launching of brand new phase - PHASE II, So be quick before all the great unit option is gone.

Unit Mix:-
Studio/ 1 Bedroom:441 -710 sqft
2 bedroom: 861 –1,163 sqft
3 bedroom: 1,076 -1,593 sqft
3 bedroom (Dual Key): 1,302 -1,593 sqft
4 Bedroom: 1,313 –1,668 sqft
4 Bedroom (Dual Key): 1,604 –1,905 sqft

For enquiry, please contact us or call 018-282 000 / 018-282 0282

Melbourne - Glenroy Townhouse

Glenroy Townhouse @ Melbourne
Modern FREEHOLD Townhouse in high growth suburbs of Melbourne. They are all townhouse with 2 or 3 bedrooms, and they all came with NRAS licenses.

Price starts from AUD$429,900.00, 10 Years GUARANTEED Rental Income and AUD100,000+ TAX-FREE incentive over 10 years.

For enquiry, please contact us.

Melbourne - Art On The Park Apartment

Art On The Park @ Melbourne CBD
Developer focuses on delivering high quality product hence the finishing of these apartments are guaranteed. Located right at the prime CBD of Melbourne, fully fitted. Walking distance to RMIT, Melbourne University, 200m to Queen Victoria's market and 50m to train station.

Price starts from AUD$363,00.00, FREEHOLD.

Investment perspective:
1. Buy off the plan and pay minimum stamp duty.
2. Unit is still priced as of 2 years ago.
3. Only paying 10% Deposit - and earn better interest than bank could offer you on these deposit paid!

For enquiries, please contact us.

Melbourne - Newmarket Apartments

Newmarket Apartments @ Kensington, Melbourne

Modern and Stylish Apartments with a Premier location - just 3km from Melbourne CBD, 70% sold to Australians itself, that said, Australians already liked this apartments thus overseas investors will not have issue exiting.

Walking distance to various train stations from actual site:-
1. Newmarket Train Station is 350m away.
2. Flemington Bridge Train Station is 560m away.
3. Kensington Railway Station is 600m away.
4. Macaulay Train Station is 630m away.
5. Stubbs St/Racecourse Rd Stop is 35m away.

Newmarket Apartments consist of a combination of 38 x 1 bedroom apartments starting from AUD$369,000 and 15 x 2 bedroom apartments starting from AUD$530,000. The development is architecturally-designed and is an appropriately targeted offering, supported by strong location, design amenities and view attributes.

Kensington continues to emerge as one of Melbourne’s most popular inner-city suburbs. Providing
an array of retail, commercial and lifestyle amenities (and for you Malaysian investors, it is located right opposite McDonald's and Kentucky Fried Chicken restaurants!). Which fully supports the requirements of an increasing medium density market characterised by both investors and entry-level owner-occupiers.

For enquiries, please contact us.