Tag Archives: Far East Organization

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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It’s all in the location for both wine and property

Posted on 24 Sep 2009 | Comments Off on It’s all in the location for both wine and property

IF there’s one important thing that wine and real estate have in common, it has to be this – location, location, location.

BT’s most recent Wine Night took place on Tuesday at Far East Organization’s residential development, Silversea at Amber Road, in a night that proved both educational and intoxicating, thanks to main partner Far East Organization and wine partner Absolute Wine.

Over the course of the night, Chia Boon Kuah, chief operating officer of Far East Organization, gave guests an enlightening update on Singapore’s residential real estate market while oenologist George Wong – also known by the moniker ‘God of Wine’ within the industry – discussed the way forward for the world of wine.

A selection of four premium French wines were paired with a four-course dinner, beginning with the Thomas Barton Reserve Graves Blanc 2007 from Bordeaux and coming full circle by ending with a dessert wine, Thomas Barton Sauternes 2005, also from Bordeaux.

The second selection, Louis Jadot Volnay 2001, was a wine that could impress a first date without burning a hole in your pocket, Mr Wong quipped.

However, it was the 2004 Chateau Saint Pierre (St Julien) that stood out in his eyes – an ‘under-rated property’ considering that it is ‘rich’, ‘full-bodied’ and ‘value for money’, Mr Wong added.

The night’s lucky draw counted Vito Koh, group general manager of United Industrial Corporation (UIC), Lim Khoon Hong, president (Asia Pacific) of Wincor Nixdorf, as well as Alicia Thian, senior relationship manager with Oversea-Chinese Banking Corporation, among the winners.

Source : Business Times – 24 Sep 2009

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Posted in Developers

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