Category Archives: New Launches

Novena condo to offer smaller units at soft launch

Posted on 21 Oct 2009 | Comments Off on Novena condo to offer smaller units at soft launch

AN UPMARKET freehold condo in the Novena area, that has been adapted to create smaller units than first planned, will have a soft launch tomorrow.
An artist’s impression of Lincoln Suites at night. The average price of a unit is $1,680 per sq ft.

Lincoln Suites is being developed by a consortium comprising Koh Brothers Group, Heeton Holdings, KSH Holdings and Lian Beng Group.

The first phase consists of 56 units located on the 6th to 12th floors at an average price of $1,680 per sq ft. Most of the lower floors are for the project’s 190 car park lots.

As with many developments these days, Lincoln Suites was reconfigured to fit a number of small units – 44 studio units and 22 one-bedders. Prices start at over $800,000 for a small unit. Continue reading →

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Posted in Developers, New Launches, Property Price

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Stanchart offers loan approval at the showflat

Posted on 17 Oct 2009 | Comments Off on Stanchart offers loan approval at the showflat

STANDARD Chartered Bank yesterday announced a new service initiative at property showflats through which potential homebuyers will be able to obtain in-principle approval and advice on housing loan quantum and tenor in as little as 15 minutes.

To kick-start the service, it will be offered as a value-added feature this weekend at Mi Casa in Choa Chu Kang. The bank said it is the first in the industry to offer such a service.

Developer Far East Organization will release two new towers at the 457-unit Mi Casa, where the take-up rate has been good since sales started in March.

Stanchart said it will be able to offer loan approval in principle in 15-60 minutes if customers provide basic information such as monthly income and other financial commitments, without official documents. They can then follow up by sending their documents to the bank, which can grant actual approval in as little as two days.

‘If customers see a unit they like and want to book it before others see it, they want to know how much they can borrow and for how long,’ said Dennis Khoo, Stanchart’s general manager for retail banking products. Continue reading →

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Posted in Developers, Loan / Mortgage / Finance, New Launches

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