{"id":21675,"date":"2016-07-29T06:00:40","date_gmt":"2016-07-28T23:00:40","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/sc-global-launches-enhanced-purchase-plan-for-hilltops-condo\/"},"modified":"2016-08-02T16:24:07","modified_gmt":"2016-08-02T09:24:07","slug":"sc-global-launches-enhanced-purchase-plan-for-hilltops-condo","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sc-global-launches-enhanced-purchase-plan-for-hilltops-condo\/","title":{"rendered":"SC Global launches enhanced purchase plan for Hilltops condo"},"content":{"rendered":"


\nView of the upscale Hilltops condominium. Source: SC Global Developments
\nLuxury property developer SC Global Developments has launched an enhanced purchase plan to help move unsold units at its Hilltops condominium in Cairnhill.
\nFor a 20 percent upfront payment, buyers will be given a two-year option to purchase the units at a fixed price. During the period, buyers will receive a return of 10 percent each year on the downpayment before completing their purchase.
\nFor instance, a 20 percent downpayment of $600,000 on a $3 million unit would generate an annual repayment of $60,000 per year to the buyer. This would amount to $120,000 over two years, while saving the buyer two years of mortgage payments (up to $100,000).
\nUnder this scheme, SC Global is marketing 30 units, which are leased out to tenants. The 10 percent yield will be secured by tenancies managed by the developer.
\nThe said units comprise two- and three-bedroom condos of sizes ranging from 800 sq ft to 1,700 sq ft. Prices range from $2.5 million to $6 million.
\nSimon Cheong, Chairman and CEO of SC Global said: \u201cWe believe this plan is unique and was designed in response to feedback we have received from prospective clients who are keen on our property but who, for various reasons, have some constraints in timing and need the additional flexibility.\u201d
\nThe developer believes there is still genuine demand for Singapore homes, but some buyers face constraints in facilitating their purchase.
\n\u201cThe two-year option will give them the security to buy at a fixed price today, and allows them to generate a healthy return on their downpayment during the interim. It facilitates genuine home ownership by addressing some of these constraints,\u201d said Cheong.
\nIn a statement, SC Global said the scheme is expected to benefit home upgraders who need more time to sell their existing property and do not want to be burdened by two mortgages.
\nIt also gives older Singaporeans who plan to downsize more time to dispose their property, and get a good return on their downpayment in the meantime.
\nFurthermore, it will help overseas Singaporeans who plan to return home in future and want to secure a property now, but find it difficult to manage a property and tenant while abroad.
\nCompleted in 2011, Hilltops comprises 241 furnished units in three residential blocks.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…SC Global launches enhanced purchase plan for Hilltops condo<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

View of the upscale Hilltops condominium. Source: SC Global Developments Luxury property developer SC Global...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-21675","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-5DB","jetpack-related-posts":[{"id":23025,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/mas-clarifies-rules-for-deferred-payments\/","url_meta":{"origin":21675,"position":0},"title":"MAS clarifies rules for deferred payments","date":"August 16, 2016","format":false,"excerpt":"\r Banks must factor in deferred payment schemes when determining how much buyers can borrow, said the MAS.\u00a0 The Monetary Authority of Singapore (MAS) has clarified that deferred payment schemes should be taken into account by banks when computing how much a private property buyer can borrow, reported The Straits\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":60774,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sc-global-launches-final-phase-of-martin-no-38\/","url_meta":{"origin":21675,"position":1},"title":"SC Global launches final phase of Martin No.38","date":"July 14, 2017","format":false,"excerpt":"\r Close to 90 percent of the 88 apartments at the freehold project have been sold. (Photo: SC Global) Luxury property developer SC Global Developments is releasing the final phase of its Martin No.38 apartment at Martin Road in the River Valley area this weekend, almost nine years after the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":98563,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sc-global-ventures-into-smaller-luxury-homes\/","url_meta":{"origin":21675,"position":2},"title":"SC Global ventures into smaller luxury homes","date":"September 26, 2018","format":false,"excerpt":"\r Artist\u2019s impression of Petit Jervois, an upcoming condominium development by SC Global. SC Global, a developer known for spacious high-end homes, intends to build smaller residential units that are still premium quality, exclusive and posh. These houses will be part of its newly launched luxury concept known as \u201cPetit\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":108496,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cuscaden-reserve-to-preview-in-q3-2019\/","url_meta":{"origin":21675,"position":3},"title":"Cuscaden Reserve To Preview In Q3 2019","date":"June 27, 2019","format":false,"excerpt":"\r Cuscaden Reserve, a luxury condominium project of SC Global Developments, New World Development and Far East Consortium at the heart of Orchard Road, is expected to open for private previews in the third quarter of 2019. At 117 metres tall, the 192-unit project at 8 Cuscaden Road features one-,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":109217,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/living-at-the-top-of-the-world-the-biggest-condos-in-singapore\/","url_meta":{"origin":21675,"position":4},"title":"Living at the top of the world: the biggest condos in Singapore","date":"July 22, 2019","format":false,"excerpt":"\r James Dyson\u2019s new super penthouse is now Singapore\u2019s most expensive condo, and also happens to be the largest. But what are some of the other largest condos in Singapore? Here\u2019s the top 8.\u00a0 \u00a0 Unless you live under a rock, you\u2019ve probably heard the news that British billionaire James\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2019\/07\/Wallich-Triplex-Super-Penthose.original.jpg?fit=684%2C391&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":110719,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sc-global-in-a-first-of-its-kind-collaboration-with-k11-artus\/","url_meta":{"origin":21675,"position":5},"title":"SC Global in a first-of-its-kind collaboration with K11 ARTUS","date":"September 13, 2019","format":false,"excerpt":"\r SC Global Developments has partnered K11 ARTUS from K11 Group for a first-of-its-kind residential collaboration at Cuscaden Reserve. Located at 8 Cuscaden Road near the upcoming Orchard Boulevard MRT station, the 28-storey Cuscaden Reserve is close to various hotels, high-end restaurants and lifestyle amenities. The luxury condominium project \u2013\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/21675"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=21675"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/21675\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=21675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=21675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=21675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}