Before that house hunt …

Source : Today – 22 Aug 2009

1 Madison Residences by Keppel Land

A new luxury project to hit the market, the 56-unit Madison Residences along Bukit Timah Road was launched last week by Keppel Land. According to property agents, prices for the freehold 18-storey development range between $1,600 psf to $1,700 psf. It features three-bedroom apartments of 1,464 square feet, four-bedroom apartments of 1,776sqf and penthouses of 3,218sqf to 4,407sqf. The nearest train station will be the upcoming Stevens MRT, expected to be completed in 2014.

2 New HSBC home loan package

HSBC has launched a new home loan package with an interest rate of Singapore Inter-Bank Offered Rate (Sibor) plus 1 per cent throughout the loan tenure. The package, available until Sept 30, is applicable to both completed and uncompleted properties with a minimum loan size of $300,000. There is no lock-in period for the package for existing customers, but non-HSBC customers must park at least $50,000 with the bank in deposits.

3 OCBC promotional mortgage rates

Mortgage loan website www.HousingLoanSG.com said that OCBC has introduced promotional rates for mortgages at a 3-month Singapore Swap Offer Rate (SOR) plus 1 per cent throughout the loan tenure. The package is available for both completed and uncompleted properties with a minimum loan size of $1 million.

4 Viva by Allgreen Properties

The final 20 units of Viva, a 235-unit condominium at Suffolk Walk in the Novena area, have been released since last Saturday. Developer Allgreen Properties has already sold more than 90 per cent out of the 215 units launched earlier. The freehold project features units from two-bedrooms (957 – 1,044 square feet) to penthouses (4,900 – 6,400sqf) housed in three 30-storey towers. Prices for the remaining units, mostly on higher floors, range from $1,500 psf to $1,800 psf. The condo, expected for completion in mid 2013, is a short walk away from Novena MRT and shopping malls such as United Square and Velocity.