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SINGAPORE PROPERTY WEEKLY Issue 360
These are the key criteria you have to take 3. Prepayment penalties
into consideration when choosing your home
Usually applicable within the lock-in period.
loan:
This is the sum of money you have to pay
1. Reference Rate when you prepay the loan. It can range from
0.75% to 2% of the loan amount prepaid –
This can be either a Fixed Rate, or floating
whether you pay off part of the loan or the
rates pegged to Singapore Interbank Offer
loan in full.
Rate (SIBOR), Swap Offer Rate (SOR) or
banks’ internal Board Rates. 4. Interest reset dates
Some banks will encourage you to check for commercial/industrial properties or when
back with them by waiving conversion fees you obtain financing under a corporate entity.
(for you to switch to a cheaper loan package), Such fees and charges can range from a few
while others might charge you a fee (which hundreds to a few thousand.
can range from $500 to $5000) to re-price
By guest contributor Eugene Huang, who is a
your loan.
co-founder of Redbrick, an established
Product structure mortgage advisory that assists investors and
homeowners in sourcing for the best
Most banks offer home loan packages on a
financing option catered for their needs.He
“step-up” basis, where your loan gets
has personally structured mortgages with
progressively more expensive as time
more than SGD 1 billion in total value during
passes. Other banks reward you for your
his stint in a multinational offshore bank in
loyalty, offering “step-down” loans where your
Singapore. To get a free consultation on your
loan gets cheaper, the longer you stay with
new loan or refinancing needs, please head
them.
to www.propwise.sg/mortgage/
Admin fees or processing charges
Miscellaneous fees and charges are not
commonly seen in home loan contracts. They
are more prevalent when you obtain financing
Non-Landed Residential Resale Property Transactions for the Week of May 21 – May 25
Postal Area Transacted Price Postal Area Transacted Price
Project Name Tenure Project Name Tenure
District (sqft) Price ($) ($ psf) District (sqft) Price ($) ($ psf)
1 THE CLIFT 775 1,490,000 1,923 99 5 WEST BAY CONDOMINIUM 1,345 1,050,000 780 99
2 LUMIERE 678 1,150,000 1,696 99 7 CONCOURSE SKYLINE 1,399 2,500,000 1,787 99
3 REGENCY SUITES 592 1,080,000 1,824 FH 7 CONCOURSE SKYLINE 840 1,386,000 1,651 99
3 ALEXIS 388 678,000 1,750 FH 8 CITY SQUARE RESIDENCES 1,518 2,280,000 1,502 FH
3 ECHELON 1,001 1,690,000 1,688 99 8 OXFORD SUITES 893 1,180,000 1,321 FH
3 TANGLIN VIEW 1,141 1,480,000 1,297 99 8 CLYDES RESIDENCE 1,119 1,260,000 1,126 FH
3 QUEENS 1,184 1,480,000 1,250 99 9 NEW FUTURA 2,250 8,624,000 3,833 FH
4 THE COAST AT SENTOSA COVE 2,024 3,300,000 1,631 99 9 NEW FUTURA 2,250 8,537,000 3,795 FH
4 REFLECTIONS AT KEPPEL BAY 990 1,590,000 1,606 99 9 NEW FUTURA 2,250 8,470,000 3,765 FH
4 REFLECTIONS AT KEPPEL BAY 1,195 1,759,000 1,472 99 9 NEW FUTURA 2,691 9,304,000 3,457 FH
4 THE INTERLACE 1,593 2,230,000 1,400 99 9 NEW FUTURA 2,691 9,216,000 3,425 FH
5 HORIZON RESIDENCES 1,324 1,980,000 1,495 FH 9 NEW FUTURA 2,691 9,175,800 3,410 FH
5 THE SORRENTO 710 1,040,000 1,464 FH 9 NEW FUTURA 2,691 9,040,000 3,359 FH
5 THE ROCHESTER 1,679 2,200,000 1,310 99 9 LLOYD SIXTYFIVE 1,722 5,685,000 3,301 FH
5 LANDRIDGE CONDOMINIUM 1,894 2,410,000 1,272 FH 9 HILLTOPS 1,335 4,200,000 3,147 FH
5 THE VISION 1,313 1,670,000 1,272 99 9 111 EMERALD HILL 2,120 5,194,000 2,449 FH
5 HUNDRED TREES 1,163 1,438,000 1,237 956 9 PATERSON RESIDENCE 710 1,530,000 2,154 FH
5 HERITAGE VIEW 1,163 1,400,000 1,204 99 9 URBANA 1,012 2,100,000 2,075 FH
5 VILLA DE WEST 1,012 1,200,000 1,186 FH 9 ESPADA 1,012 1,960,000 1,937 FH
5 DOVER PARKVIEW 936 1,100,000 1,175 99 9 8 @ MOUNT SOPHIA 861 1,265,000 1,469 103
5 BLUE HORIZON 1,163 1,260,000 1,084 99 9 ORCHARD TOWERS 1,970 2,600,000 1,320 FH
5 CLEMENTIWOODS CONDOMINIUM 1,625 1,758,000 1,082 99 10 LE NOUVEL ARDMORE 3,907 16,800,000 4,300 FH
5 BLUE HORIZON 1,356 1,437,000 1,060 99 10 LE NOUVEL ARDMORE 4,133 16,036,040 3,880 FH
5 WESTCOVE CONDOMINIUM 1,302 1,030,000 791 99 10 THE NASSIM 1,927 7,077,100 3,673 FH