When it comes to investing in a condo, securing financing is a crucial step. In Singapore, there are various mortgage options available, but it is crucial to understand the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan a borrower can take based on their income and current debt obligations. To make well-informed decisions about financing, it is essential to comprehend the TDSR and seek guidance from financial advisors or mortgage brokers. This can prevent investors from over-leveraging. Additionally, you can check out New Condo Launches to explore the latest condo options available.
An EOI exercise has been launched for a Good Class Bungalow (GCB) located in the prestigious Dalve Estate-Nassim Road enclave, with an indicative price of $60 million. According to a press release by Cushman & Wakefield on Jan 8, the price works out to be $2,742 psf, based on the land area of 21,881 sq ft.
Shaun Poh, the executive director of capital markets at Cushman & Wakefield, notes that the freehold plot is situated on elevated ground, making it an ideal site for redevelopment. The GCB is perfect for buyers looking to build their dream multi-generational home or for developers who can transform the plot into a luxurious and modern GCB for discerning individuals.
Situated next to the Singapore Botanic Gardens and within a short drive to Orchard Road shopping belt, the property also boasts proximity to renowned schools such as Singapore Chinese Girls’ School, Anglo-Chinese School (Primary), Nanyang Primary School, St Joseph’s Institution, and Hwa Chong Institution.
Poh also observes that the neighbourhood is highly coveted by ultra-high net worth individuals, as seen by recent record-breaking land rates at Nassim Road and Tanglin Hill, which reached $4,500 psf and $6,200 psf respectively.
The EOI for this GCB will close on Feb 11 at 3pm, providing interested parties with the opportunity to acquire this premium property in one of the most sought after locations in Singapore.