Freehold Land at Telok Karau For Sale

Freehold Land at Telok Karau For Sale

Freehold Land is the most inexpensive form of property in the Singapore. This type of land can be purchased without having to pay for it to be developed. In a typical freehold development located right next to an existing housing estate, you can buy a house or a building that already exists there. The buyer can rent it out to live in and you do not have to pay rent for a while.

Freehold property can be beneficial because you will gain equity as soon as you secure your loan and you get first refusal if you want to sell the property within a certain period of time. However, this type of property purchase also has its disadvantages. There are risks involved such as potential damages to the land caused by subsidence during construction or changes in the ground soil due to climate change. You also have to take care of any legal liabilities that may arise during the time you hold the freehold property.

If you are looking for a secure investment opportunity, then a freehold property is something you should consider. A typical property includes a home that you can secure with your mortgage. In most cases, the freehold purchase is a part of a multiple unit residential development. As such, it is an attractive option for people who are thinking about investing in a piece of real estate.

You have many options to secure your investment. Some options include the purchase of land from developers who want to build condominiums, townhouses or apartments on that land. Home owners can also purchase freehold properties through the British Investment group and the specialist real estate agents. Home owners can also contact estate agents who specialize in buying and selling of freehold properties. Alternatively, they can contact the seller of the property.

The process of securing the freehold purchase will vary from one buyer to another. Most buyers will need to make a down payment, which will be held by the lending company until the full amount of the money has been received from the sale of the property. Once the money is received, the buyer can buy the freehold property. However, this will depend on the policy of the lender as well as the laws in the particular area where the freehold property is located.

There are a few things to take note before purchasing a freehold home, most importantly that it is not an easy task. This is especially true if you are not aware of the processes involved in purchasing real estate property. For example, a home owner will have to go through a legal procedure to purchase freehold property. Most importantly, a home owner will have to take care of any legal matters related to the purchasing of the property.

A lot of planning needs to be done before you embark in the process of purchasing freehold properties. It is therefore important to hire a solicitor who is capable enough to guide you through the process of purchasing a freehold property. A solicitor can also help you understand the implications that a freehold purchase may have on your financial circumstances and it may also give you expert advice regarding the purchase.

Asking the assistance of a professional in the field of purchasing Freehold Land can prove to be very beneficial for you. They can also coach you and advise you about the various options available to you. This will enable you to make the best possible decision regarding the purchase of Freehold Land. Also, they can teach you how to properly negotiate the terms and conditions of the agreement which are involved in the process of purchasing Freehold Land.

A freehold redevelopment site at 12, 12A, 20 and 28 Lorong J Telok Kurau Roadway has actually been offered by public tender with an indicative rate of $30.6 million, disclosed exclusive marketing representative CBRE.

Positioned off Still Road, the website has a location of 23,579 sq ft. It presently houses 2 removed residences as well as a set of semi-detached residences that are being marketed jointly.

The site is zoned for “Residential” use under the 2019 URA Master Plan, with a plot ratio of 1.4 and also elevation control of approximately five storeys. CBRE kept in mind that the website can be redeveloped right into a five-storey property development with up to 30 units based upon the ‘100-sq m’ standard.

Consisting of the $249,028 development cost (DC) payable to maximise allowable gross floor area, the price will certainly equate to about $935 per sq ft per plot proportion (psf ppr). An enhancement of the 7% benefit porch area will certainly push up the DC payable to $1.75 million, yet will exercise to a reduced land price of $916 psf ppr.

Michael Tay, Head of Capital Markets, Singapore at CBRE, kept in mind that the Telok Kurau precinct is just one of one of the most well-liked areas within Eastern Singapore, additionally referred to as District 15.

“This is due to the location’s distance to a broad range of prominent F&B facilities, trendy bars, in addition to way of living and entertainment services at the nearby East Coast Park. Family home applicants are additionally attracted to the area, provided the existence of numerous prominent regional and also global educational institutions– including CHIJ (Katong) Primary School, Haig Girls’ School, Tao Nan School and St. Stephen’s School,” he stated.

Tay expects the site to bring in “keen rate of interest from programmers and professionals who are seeking such occasional opportunities that are additionally of tasty sizes”.

“The website will also attract exclusive investors and also family offices that are on the lookout for redevelopment possibilities at critical places to preserve their riches,” he included.

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