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Which loan type best suits your business lending needs?

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Author: Ravi Philemon

When you set out to borrow money for your firm, it is important to know the loan type you want and its duration.

By: Hitesh Khan/

loan typeThere are two basic kinds of loans — lines of credit and installment loans — and two general categories of loan length — short-term and long-term.

The purpose for which the funds are to be used is a very important factor in deciding what loan type to request. There is also an important connection between the length of the loan and the source of repayment.

Generally, short-term loans are repaid from the liquidation of the current assets (i.e., receivables, inventory) that are financed, while long-term loans are generally repaid from earnings.

Line of Credit
A line of credit is an arrangement in which the bank disburses funds as they are needed, up to a predetermined limit.

In this loan type. the customer may borrow and repay repeatedly up to the limit within the approved time frame.

Installment Loan
An installment loan is an agreement to provide a lump sum amount of money at the beginning of the loan. This loan type is paid back in equal amounts over the course of a number of years.

Short-term loan
A short-term bank loan can be used for purposes such as financing a seasonal buildup in accounts receivable or inventory. Lenders usually expect these loans to be repaid after their purposes have been served: for example, account receivable loans when the outstanding accounts have been paid by the customers and inventory loans when the inventory has been sold and cash collected.

Long-term loan
A long-term loan is usually a formal agreement to provide funds for more than one year, and most are for an improvement that will benefit the company and increase earnings. An example is the purchase of a new building that will increase capacity or of a machine that will make the manufacturing process more efficient and less costly. Long-term loans are usually repaid from profits.

Sometimes your signature and general credit reputation are the only collateral the bank needs to make a loan. This type of loan is called unsecured. At other times, the bank requires a pledge of some or all of your assets as additional assurance that the loan will be repaid. This is called a secured loan. The kind and amount of collateral depends on the bank and on variables in the borrower’s situation.

Many types of collateral can be pledged for a secured loan. The most common are guarantor, warehouse receipts, chattel mortgage financing, accounts receivable inventory, savings accounts, life insurance policies, and stocks and bonds.

Guarantor
A borrower may ask another person to sign a note in order to augment his or her credit. This guarantor is then
liable for the note: if the borrower fails to pay, the bank expects the endorser to pay. Sometimes the endorser
may also be asked to pledge assets.

A guarantor who assumes an obligation jointly with the maker, or borrower. In this arrangement, the bank can collect directly from either maker or co-maker. A guarantor is an endorser who guarantees the payment of a note if the borrower does not pay. Both private and government backed lenders often require guarantees from officers of corporations in order to assure continuity of effective management.

Warehouse Receipts
A bank may take commodities as collateral by lending money on a warehouse receipt. The receipt is usually delivered directly to the bank and shows that the merchandise has either been placed in a public warehouse or has been left on your premises under the control of one of your employees who is bonded. Such loans are generally made on staple or standard merchandise that can be readily marketed. The typical loan is for a percentage of the cost of the merchandise.

Chattel Mortgage Financing
If you buy expensive equipment, such as a cash register or a delivery truck, you may be able to get a loan using the equipment as collateral. The bank assesses the present and future market value of the equipment and makes sure it is adequately insured.

Real Estate
Real estate is another form of collateral, usually for long-term loans. In evaluating a real estate mortgage, the bank considers the market and foreclosure value of the property and its insurance coverage.

In reality there is a hierarchy of money sources if you want to raise capital for your business and if personal sources have been depleted, but you have to know which loan type best suits your need.

How to Secure Small Business Loan Quickly

If you are searching for a small business loan, the loan consultants at iCompareLoan can set you up on a path that can get you a it in a quick and seamless manner. Our loan consultants have close links with the best lenders in town and can help you compare various loans and settle for a package that best suits your needs. Find out money saving tips here.

Our Affordability Tools help you make better property buying decisions. iCompareLoan Calculators help you ascertain the fair value of a property and find properties below market value in Singapore.

To find out more about Peer to peer lending versus that of SME loans so as to make an informed decision: SME Loans or Peer-to-peer (P2P) Lending – What is the difference?

Contact us for advice on a new SME loans.

Contact us for home loan or refinancing advice.

 

The post Which loan type best suits your business lending needs? appeared first on iCompareLoan Resources.

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MICE industry in Singapore reinventing itself through providing unique experiences

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Author: Ravi Philemon

The MICE industry in Singapore is reinventing itself through providing a unique experience with technology, cuisine and content, says a new research report by Colliers International.

Colliers’ Hotel Insights Q3 2019 report said that Singapore continues to take advantage of being within a seven-hour flight radius to circa half the world’s population. It noted that Marina Bay Sands (MBS), which was launched in 2010, welcomed over 330 million visitors, attracting approximately 700 new meetings, incentives, conferences and exhibitions (MICE) events to Singapore.

“Last year the venue hosted 3,600 events, attracting 1.4 million delegates to the Sands Expo & Convention Centre. In 2018, the industry accounted for approximately 15% of all arrivals, contributing S$2.2 billion (22%) in tourist receipts.

With a new 15,000 capacity conference center at MBS recently announced and The MICE 2020 Roadmap, Singapore will continue its focus on improving delegate experience through interactive technology, experience, convenience and thought leadership.”

mice industry

copyright: iCompareLoan

In the interim, more established markets within the MICE industry of Singapore will aim to refocus on extended corporate stays, introducing bespoke experiences, exceptional venues and integrated technology solutions, said the report.

The report noted that as investors are taking stock after a politically eventful quarter, activity in some areas may remain muted as investors digest recent developments and given the broader backdrop of simmering trade tensions and slowing global growth.

“However, there is also ample evidence of resilience in markets like Singapore, where additional investment in the commercial and leisure sector will underline the city-state’s status as a commercial haven,” the Colliers said. Touching on the golfing market segment within the MICE industry in Singapore, the report said that “it provides access to certain financial products and to a cache of like-minded people.”

  • Asia Pacific generated $229 billion from MICE in 2017 or 28.4% of global MICE revenue
  • Tourism in Thailand generated US$109.5 billion in revenue in 2018, or 21.6% of Thailand’s GDP
  • Okinawa witnessed 6th consecutive year of growth in domestic and international arrivals in 2018
  • Investors take stock after a politically eventful Q2 amid slowing global growth
  • Additional investment in the commercial and leisure sector in Singapore will underline the city-state’s status as a commercial haven

Govinda Singh, Executive Director of Valuation & Advisory Services, Asia, at Colliers commented: “Hotels across the Asia Pacific continued to have a tough year in Q2 2019 compared to the prior year quarter, with overall room occupancy and average daily rate showing decreases to 68.1% and USD99.76, respectively. The recent escalation in the US-China trade dispute continues to weigh on business and consumer confidence, thereby tempering demand growth. However, intra-Asia and growing domestic travel in the larger destinations across Asia is likely to continue to underpin demand in the region.”

MICE In Asia
Globally, Asia Pacific is the second largest and the fastest growing region for the MICE industry, with meeting and event-based travel generating US$229 billion in 2017 or 28.4% of global revenue. MICE is an important source of revenue to the hospitality sector with approximately 90% of all business events in the region hosted in hotels and visitors spending 1.7 times more than leisure tourists.

Malaysia, Indonesia and Cambodia are focused on events promoting trade activities within the region, while more established destinations such as China, Singapore and Hong Kong are reinventing themselves through providing unique experiences with technology, cuisine and content. Further, China dominates the MICE industry in Asia Pacific and is expected to retain the top spot through to 2025.

Destinations of the Quarter
Phuket
For the past decade, tourism sector in Thailand has been the key driver for Thailand’s economic growth. According to the World Travel and Tourism Council, the travel and tourism sector in Thailand generated US$109.5 billion in revenue in 2018, making up 21.6% of Thailand’s GDP. This was a 6% growth YOY and outpaced the global average growth rate of 3.9% in 2018. Phuket is the second most visited city in Thailand after Bangkok. In 2017, a total of 28 million visitors arrived in Phuket, a 4.5% growth from the year prior. In recent years, Phuket has become more established as a MICE destination. In 2017, the city hosted approximately 660 meetings and received close to 60,000 participants.

Okinawa
Okinawa is the most popular beach resort destination in Japan with its sub-tropical climate, vast beaches and marine life. 2018 witnessed the sixth consecutive increase in the number of domestic and international arrivals in Okinawa. Compared to 2017, domestic arrivals rose by 1.6% in 2018 and international arrivals rose by 11.5%. Overall, the total number of visitors increased by 4.4% from 2017 to a total of 9,999,000 visitors.

The report concluded that in 2019, the transaction market of the MICE industry remains subdued, as owners consolidate their portfolio and seek opportunistic investments.

How to Secure a Commercial Loan Quickly

Are you planning to capitalise on the uptrend of Singapore’s commercial sector but unsure of funding for investment? Don’t worry because iCompareLoan mortgage brokers can set you up on a path that can get you a commercial loan in a quick and seamless manner.

Alternatively you can read more about the Best Commercial Loans in Singapore before deciding on your next purchase.  Our brokers have close links with the best lenders in town and can help you compare Singapore’s best commercial loans and settle for a loan package that best suits your commercial purchase needs.

Whether you are looking for a new commercial loan or for a refinancing package for your commercial properties, our brokers can help you get everything right from calculating mortgage repayment, comparing interest rates, all through to securing the best commercial loans which fits your profile. And the good thing is that all our services are free of charge. So it is all worth it to secure the best commercial loans through us.

You may contact us today for advice on a new commercial loan  or refinancing advice, or for Personal Finance advice.

You may also speak to our Panel of Property agents.

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Fifteen strata offices for sale at Peninsula Plaza for $17.6m

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Author: Ravi Philemon

Fifteen strata offices at Peninsula Plaza located at 111 North Bridge Road, have been put up for sale via a Tender exercise by Cushman & Wakefield (C&W). C&W is the appointed exclusive marketing agent for the fifteen strata offices at Peninsula Plaza.

The fifteen strata offices at Peninsula Plaza can be sold en masse or on piecemeal basis in accordance with the units’ existing tenancies.

fifteen strata offices

Image credit: C&W

Peninsula Plaza is situated on a rare 999-year leasehold plot in the heart of Singapore’s bustling Civic District — City Hall, surrounded by prominent buildings such as the St. Andrew’s Cathedral, National Gallery and The Supreme Court. It is a 30 storey mixed use building comprising a five-storey retail podium and a 24-storey office block and a car park. The prime site is easily accessible and is strategically located across from the City Hall MRT Interchange Station. Amenities are readily available a stone’s throw away at malls such as Funan, Raffles City and Capitol Piazza. It is also within walking distance to the Bras Basah MRT Station on the Circle Line.

The fifteen strata offices at Peninsula Plaza to be divested are located on the sixth floor with a combined strata area of 7,804 sq ft approximately. There are various sizes available for acquisition, starting from 549 sq ft.

Mr Shaun Poh, Executive Director of Capital Markets at Cushman & Wakefield, says “Strata offices in central locations are highly sought after since they are very limited in supply, especially those with 999-year leases such as Peninsula Plaza. Investors need not worry about a diminishing lease as Peninsula Plaza has a balance land tenure in excess of 809 years.”

Mr Poh also added that, “In recent years, the rentals in the Central Business District (CBD) have also crossed double digits, prompting Small and Medium Enterprises to invest in office spaces around areas such as City Hall or Bugis to operate their businesses”.

The indicative price for the fifteen strata offices at Peninsula Plaza is $2,255 per sq ft or $17.6 million for the acquisition for all fifteen units, within the price range of recently transacted units at Peninsula Plaza which hit $2,500 per sq ft earlier in April this year.

The Tender exercise for the fifteen strata offices at Peninsula Plaza closes on 25 September 2019 (Wednesday), at 3.00pm.

A recent research said that the office property vacancies in Singapore continue recovery as sales and rent prices continue upwards trend. The report by Colliers International said that office property vacancies continued to recover as sales prices and rents continued its upward trend, thanks to stronger demand for space mainly from technology and flexible workspace sectors, as well as a larger investment appetite for prime office assets.

Mr Paul Ho, Chief mortgage officer of iCompareLoan said, “office property vacancies will continue to recover as the market is acutely aware of the tight vacancy rate and muted future supply.” The office market, especially the Grade A and prime office segment should see keen competition in the coming months,” Mr Ho added.

Investment sales volume in the office sector surged in 2Q19 anchored by big ticket office investment deals. In the largest big ticket office investment deal of the quarter, AEW purchased Chevron House, currently undergoing asset enhancement works, for $1.0 billion from Oxley Holdings.

The second largest big ticket office investment deal saw South Korea’s National Pension Service acquiring a half stake in Frasers Tower for $982.5 million. This came after Frasers Commercial Trust declined to exercise its right of first refusal as the deal would not be yield accretive for its unit holders. There was also suburban office activity with Metro Holdings and Evia Real Estate buying 7 & 9 Tampines Grande for $395.0 million.

Commercial deals recorded $3.5 billion in sales, making up 52 per cent of the total real estate investment sales volume of $6.7 billion in 2Q2019, At $6.7 billion, total investment sales increased 49 per cent from the previous quarter, bringing the total 1H 2019 volume to $11.2 billion at the mid-point of 2019. The residential sector clocked $1.7 billion and the industrial sector $0.5 billion.

Analysts have predicted that the favourable interest rate environment with potential Fed rate cuts in the coming quarters should continue to boost interest in real estate investment.

How to Secure the Best Commercial Loans Quickly

iCompareLoan is the best commercial loans portal for commercial-property-seekers, buyers, investors and real estate agents alike in Singapore. On iCompareLoan, you will be able to find all the latest news and views, informational guides, bank lending rates and property buying trends, and research data and analysis.

Whether you are looking to buy, sell or refinance apartments, condominiums, executive condos, HDB flats, landed houses or commercial properties, we bring you Singapore’s most comprehensive and up-to-date property news and best loans trends to facilitate your property buying decisions.

Our Affordability Tools help you make better property buying decisions. iCompareLoan Calculators help you ascertain the fair value of a property and find properties below market value in Singapore.

Our trademarked Home Loan Report is a Singapore’s first one-of-a-kind analysis platform that provides latest updates of detailed loan packages and helps property agents, financial advisors and mortgage brokers analyse loan packages for their clients and give unbiased home loan/commercial loan analysis for their property buyers and home owners. Our distinguished Panel of Property Agents who are users of our Home Loan report can give the best all-rounded advise to real estate buyers and investors.

All the services of our mortgage consultants are ABSOLUTELY FREE, which means it’s all worth it to secure a loan through us.

Whether it is best home loans, best commercial loans or refinancing of existing loans or SME loans, CONTACT US TODAY!

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Art Laffer warns on negative rates, saying he’d borrow as much as he could for no-interest

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Art Laffer warns on negative rates, saying he’d borrow as much as he could for no-interest


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Author:

“If I could borrow without paying any interest, or ever pay the money back, I would borrow as much as I could, too,” the ‘Trumponomics’ co-author says.
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When you want to raise capital, think of banks last

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Author: Ravi Philemon

When you think you have to raise capital, think of the banks last

By: Hitesh Khan/

raise capital

Image credit: Morgan/Flickr

Here is a hierarchy of money sources if you want to raise capital and if personal sources have been depleted:

  • Friends and relatives – Go first to the people who know you best if you have to raise capital; hopefully these are the people who trust you the most. Consider whether you will be offering an equity stake in the business or whether you want to borrow money. There are advantages and disadvantages to each. You don’t have to repay an equity stake; on the other hand you will be sharing your profits with the stakeholders. You may also give up some control over your own business.
  • A home equity loan – Lenders may give an ever-increasing amount based on ever-increasing home values which caused equity to increase which in turn could be used as collateral. Advantages of this source of money are low interest rates and a long period of time to repay. Disadvantages include the fact that you may lose your home.
  • Credit cards – Credit card companies are tightening the amount of money they will lend. Your credit history, will determine how much money you can borrow. Be careful about borrowing more on your credit cards than you can afford to pay back. Many people have borrowed too much money and have gotten into a cycle of ever-increasing debt amounts and ever-increasing interest payments. If you are conservative borrowing on credit cards, however, this can be a relatively easy source of funds.
  • If you have to raise capital never forget to think of your Inventory suppliers – Ask your suppliers to finance your purchases for a longer period of time. This can be like free money; however the amount of time suppliers will be willing to carry you may be limited. As with other sources, be sure to pay your suppliers on the agreed-upon date. Inventory suppliers are your lifeblood. When they refuse to sell to you, you may as well close your doors. You have nothing to sell. Suppliers may also help you pay for advertising and promotional programs.
  • Equipment suppliers – Compared to your regular purchases, capital purchases can often be financed over longer terms. Consider also leasing equipment rather than buying outright.
  • Your landlord – In today’s economy, many commercial landlords are facing high vacancy rates. Many will be willing to negotiate lease improvements that they will pay for in exchange for a relatively long contract. They may also reimburse you for moving-in expenses and may give you a few months free of rent at the beginning of your term.
  • Customers – If you are giving credit to your customers you may want to encourage them to pay quicker by means of a discount. Making sure your customers pay you quickly will result in less need for financing so watch your accounts receivable carefully.
  • Venture capital  Venture capital is a type of private equity capital typically provided to early-stage, high-potential, growth companies in the interest of generating a return through an eventual realization event such as an Initial Public Offering (IPO) or trade sale of the company. Venture capital investments are generally made as cash in exchange for shares in the invested company. Venture capital typically comes from institutional investors and high net worth individuals and is pooled together by dedicated investment firms. If your new business has enough potential, venture capitalists may be interested in investing in it.
  • Revolving Loan Funds – are an often overlooked to raise capital to start or expand a business.
  • Government Guaranteed Loan Programmes – Small companies that are just starting out can apply for the SME Micro Loan that offers funding of up to S$100,000 to help you better manage daily operations and cashflow. To make the loan more accessible to new companies set up in three years or less, Enterprise Singapore shares the risk of loan defaults with Participating Financial Institutions in the event of company insolvency.
  • Leasing companies –  A commercial lease on capital equipment can be a lifesaver for startup businesses. Business equipment leasing can reduce your initial costs for acquisitions and can increase your cash flow. You can often borrow more advantageously from a supplier; however, if a supplier has no leasing program, this can be an excellent source of funds.
  • Finance companies – Expensive alternative. These companies typically have no money of their own. They finance the business and borrow the money from a commercial bank. They will also sell the loan to a “loan holder” and use those funds to pay off the commercial bank. Often they make their money by servicing the loan. Everybody needs to make money which is why this is an expensive but sometimes necessary alternative.
  • Banks – A banker will want to see your detailed business plan; he will want to make sure you’ve got a track record and that he trusts in your ability to pay back the loan. He will most likely ask you to provide the bank with plenty of collateral. Be sure to see a independent loan consultant (such as those at iCompareLoan) who can guide you through the maze to get you the best SME loan to raise capital.

How to Secure Small Business Loan Quickly

If you are searching for a small business loan, the loan consultants at iCompareLoan can set you up on a path that can get you a it in a quick and seamless manner. Our loan consultants have close links with the best lenders in town and can help you compare various loans and settle for a package that best suits your needs. Find out money saving tips here.

Our Affordability Tools help you make better property buying decisions. iCompareLoan Calculators help you ascertain the fair value of a property and find properties below market value in Singapore.

To find out more about Peer to peer lending versus that of SME loans so as to make an informed decision: SME Loans or Peer-to-peer (P2P) Lending – What is the difference?

Contact us for advice on a new SME loans.

Contact us for home loan or refinancing advice.

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33 strata retail units at Parklane Shopping Mall for sale at $55.7m

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for the source.
Author: Ravi Philemon

Colliers International announced on Aug 22 that it is inviting offers for the purchase of 33 strata retail units on Basement 1 at Parklane Shopping Mall in Selegie Road via an Expression of Interest exercise.

33 strata retail units

Image credit: Colliers International

The 33 strata retail units have an indicative value of $55.7 million, which works out to $2,200 per square foot (psf) based on its total strata floor area of 2,352 square metres (25,316.7 square feet).

The 33 strata units – with floor area ranging from 23 sq m to 186 sq m (248 sq ft to 2,002 sq ft) – have a 99-year leasehold tenure with effect from 1 December 1974.

Parklane Shopping Mall, in the Bras Basah/Bugis arts and cultural precinct within the city, is well-positioned to benefit from the burgeoning student population from nearby education institutions – including Singapore Management University (SMU), LASALLE School of the Arts, and School of the Arts (SOTA) – as well as the growing high-end private residential enclave in the immediate surroundings.

Steven Tan, Director of Capital Markets & Investment Services at Colliers International, said, “This is a rare and exciting opportunity for investors to tap the growth potential of a vibrant district where cultural heritage meets urban regeneration. The area is teeming with activity being near the Little India tourist attraction, numerous hotels and schools, as well as new residential projects. In addition, the rejuvenation of Bencoolen Street and nearby POMO and Selegie Centre (which was sold en bloc recently) looks set to add more buzz and vitality to the area.”

The 33 strata retail units for sale are highly accessible via public transport, major roads and the Central Expressway. In particular, Parklane Shopping Mall is within walking distance to four MRT stations: Rochor and Bencoolen stations on the Downtown Line; Bras Basah station on the Circle Line; and Dhoby Ghaut interchange station, which connects the North-East Line, North-South Line and the Circle Line.

The 33 strata retail units on Basement 1 are situated near the stairway that leads directly to the main entrance of Parklane Shopping Mall on Level 1, fronting Selegie Road. Currently, all the units have been tenanted and the Property will be sold with tenancy. Tenants include fast-food chain McDonald’s, Comics World and cyber gaming cafes.

Among the 33 strata retail units, the tenancy lease for 14 units will be expiring in 2020, thereby offering the opportunity to re-position and refresh the tenant mix of these units. Alternatively, investors may consider an upward revision of rents upon expiry of the existing lease and yield a higher return.

Mr Tan added, “Subject to relevant approvals for the change of use, the units could potentially be leased to private education services providers, F&B operators such as food court or hotpot restaurant, or even a supermarket – all of which should tap into the growing population catchment in the area. In addition, Parklane Shopping Mall presents en bloc sale potential given its age profile and prime location.”

Owing to the property’s commercial-use zoning, foreigners are eligible to purchase the retail units. Furthermore, additional buyer’s stamp duty (ABSD) and seller’s stamp duty (SSD) are also not applicable.

The Expression of Interest exercise for the 33 strata retail units will close at 3.00 pm on 26 September 2019.

Retail property landlords may be relenting on rents in favour of higher occupancy, says a recent research report. it added that that there are signs that retail property landlords may be relenting on rents in favour of higher occupancy – given that the island-wide vacancy rate dropped to 7.7% at the end of the second quarter from 8.7% last quarter.

Mr Paul Ho, chief mortgage officer at iCompareLoan, commenting on the 33 strata units for sale said, “although the retail property market is still trying to find its footing, the units offered for sale at Parklane Shopping Mall looks attractive for two reasons. One is, the location. The area is served by several MRT stations and buses and so people will find it easy to reach the shopping mall.”

He added: “Another reason is that foreigners are eligible to purchase the retail units. One recent research report said that properties in Singapore are very attractive to foreigners, especially investors from China. With the turmoil in Hong Kong, some investors may want to park their money in safer markets like Singapore.”

How to Secure the Best Commercial Loans Quickly

iCompareLoan is the best loans portal for home-seekers, buyers, investors and real estate agents alike in Singapore. On iCompareLoan, you will be able to find all the latest news and views, informational guides, bank lending rates and property buying trends, and research data and analysis.

Whether you are looking to buy, sell or refinance apartments, condominiums, executive condos, HDB flats, landed houses or commercial properties, we bring you Singapore’s most comprehensive and up-to-date property news and best home loans trends to facilitate your property buying decisions.

Our Affordability Tools help you make better property buying decisions. iCompareLoan Calculators help you ascertain the fair value of a property and find properties below market value in Singapore.

Our trademarked Home Loan Report is Singapore’s first one-of-a-kind analysis platform that provides latest updates of detailed loan packages and helps property agents, financial advisors and mortgage brokers analyse best home loan packages for their clients, so that they may give unbiased home loan/commercial loan analysis for their property buyers and home owners. Our distinguished Panel of Property Agents who are users of our Home Loan report can give the best all-rounded advise to real estate seekers.

All the services of our mortgage consultants are ABSOLUTELY FREE, which means it’s all worth it to secure a loan through us.

Whether it is best home loans, best commercial loans or refinancing of existing loans or SME loans, CONTACT US TODAY!

The post 33 strata retail units at Parklane Shopping Mall for sale at $55.7m appeared first on iCompareLoan Resources.

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Five-storey intermediate terrace factory at Kaki Bukit for sale at $5.5m

Click on Five-storey intermediate terrace factory at Kaki Bukit for sale at $5.5m
for the source.
Author: Ravi Philemon

CBRE on Aug 21 announced the sale of a five-storey intermediate terrace factory at 9 Kaki Bukit Place by Expression of Interest.

Located within the established industrial estate of Eunos Techpark I, the five-storey intermediate terrace factory sits on a rectangular site of approximately 4,795 square feet and has an existing gross floor area of approximately 13,110 square feet. Zoned ‘Business 2’ with a gross plot ratio of 2.5 under the Master Plan 2014, the property is completed in the late 1990s and has a balance lease of 36 years.

Having undergone refurbishment in 2014, the five-storey intermediate terrace factory is in good move-in condition. It features practical building specifications with passenger and cargo lifts, and sheltered loading bays for containers up to 20 feet. Occupants have access to minimally four car parking lots.

five-storey intermediate terrace factory

Image credit: CBRE – CBRE is the sole marketing agent for the five-storey intermediate terrace factory. The Expression of Interest exercise will close on 1 October 2019 at 3pm.

To be sold on vacant possession basis, the five-storey intermediate terrace factory has an indicative price of S$5.5 million, which works out to approximately S$420 per square foot based on the gross floor area.

There is no payable land rent nor Additional Buyer’s Stamp Duty imposed on foreigners or companies who are also eligible to purchase the five-storey intermediate terrace factory.

Ms Angela Lim, Senior Manager, Capital Markets at CBRE said, “We expect keen interest from both investors and end-users who are seeking to expand within the Kaki Bukit Industrial Estate or to consolidate all business functions under one corporate building that also allows for naming and signage rights. The successful buyer can explore using the ground-floor space for showroom or warehousing, the second and third floor for production, and the fourth and fifth floors as ancillary offices. The property is aptly suited for high technology and light industries such as electronics, publishing and precision engineering.”

“Kaki Bukit has always been a popular location for SMEs as they can tap into the large workforce from the surrounding housing estates such as Kaki Bukit, Bedok, Hougang, Macpherson and Aljunied. While Kaki Bukit is typically known as an industrial location, the relocation of Paya Lebar Airbase from 2030 to make way for new homes, as well as office and industrial buildings will be a game changer. Buyers can expect to benefit from the progressive transformation of the location, and enjoy strong capital appreciation and rental upside in the medium to long term,” added Ms Lim.

Located under 10 minutes’ walk from Kaki Bukit MRT station, the five-storey intermediate terrace factory is also well served by public bus stops along Eunos Link and Kaki Bukit Avenue 1, as well as arterial roads which connect to other parts of the island via the Pan-Island Expressway, East Coast Parkway Expressway and Kallang-Paya Lebar Expressway. The immediate surrounding comprises commercial and industrial buildings such as Techlink, Eunos Techpark II, Enterprise One and Kaki Bukit Techpark I & II.

CBRE is the sole marketing agent for the five-storey intermediate terrace factory. The Expression of Interest exercise will close on 1 October 2019 at 3pm.

In 2Q 2019, the occupancy rate of overall Singapore industrial property market remained unchanged compared to the previous quarter said JTC. Prices and rentals of industrial property market remained relatively stable for most market segments.

JTC said that it will continue to monitor the Singapore industrial property market closely to ensure a stable and sustainable supply of land and space to support the needs of industrialists. Moving forward, JTC said that it will continue to develop new industrial facilities and estates that will meet the needs of industrialists, support their transformation and upgrading, and enhance their productivity and competitiveness.

Mr Paul Ho, chief mortgage officer at iCompareLoan, commenting on the property for sale said, “although the Singapore industrial property market rents are expected to remain flat for the second half of 2019 and moderate in 2020 if the recession scenario materialises, the naming and signage rights accorded to buyers may make the five-storey intermediate terrace factory at Kaki Bukit attractive to buyers.”

How to Secure the Best Commercial Loans Quickly

iCompareLoan is the best loans portal for home-seekers, buyers, investors and real estate agents alike in Singapore. On iCompareLoan, you will be able to find all the latest news and views, informational guides, bank lending rates and property buying trends, and research data and analysis.

Whether you are looking to buy, sell or refinance apartments, condominiums, executive condos, HDB flats, landed houses or commercial properties, we bring you Singapore’s most comprehensive and up-to-date property news and best home loans trends to facilitate your property buying decisions.

Our Affordability Tools help you make better property buying decisions. iCompareLoan Calculators help you ascertain the fair value of a property and find properties below market value in Singapore.

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Whether it is best home loans, best commercial loans or refinancing of existing loans or SME loans, CONTACT US TODAY!

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