{"id":55649,"date":"2017-05-23T05:00:19","date_gmt":"2017-05-22T22:00:19","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/foreigner-eligible-townhouses-at-skies-miltonia-relaunched-for-sale\/"},"modified":"2017-05-23T05:08:43","modified_gmt":"2017-05-22T22:08:43","slug":"foreigner-eligible-townhouses-at-skies-miltonia-relaunched-for-sale","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/foreigner-eligible-townhouses-at-skies-miltonia-relaunched-for-sale\/","title":{"rendered":"Foreigner eligible townhouses at Skies Miltonia relaunched for sale"},"content":{"rendered":"


\nView of the townhouse units at Skies Miltonia in Yishun. (Photo: TG Master)\u00a0
\nA completed residential project at Miltonia Close in Yishun is offering foreigners a rare chance to own a landed home in Singapore.
\nTG Master, a joint venture between property developer TG Development and construction firm Master Contract Services, is relaunching a stack of 10 four-bedroom townhouses at the Skies Miltonia condominium near Khatib MRT station.
\nThe five-storey townhouses, also known as waterfront villas because they face a 50m pool, each come with large floor areas of 4,762 sq ft and a private lift.
\nA spokesperson for TG Master told PropertyGuru that prices start from $3.003 million, which works out to $643 psf.
\nThe 99-year leasehold project also comprises 410 one- to four-bedroom condo units and penthouses spread across eight 13-storey towers. According to the spokesperson, 405 apartments have already been sold at an average price of $1,060 psf.
\nInterestingly, this is one of the last developments permitted by the Urban Redevelopment Authority (URA) to build strata landed houses with condominium status.
\nThe 181,910 sq ft site was awarded several months before a new rule took effect in April 2012 which put a stop to such mixed developments. The aim was to close a loophole that allowed foreigners to buy strata landed homes without first seeking the government\u2019s approval.
\nUnder the Residential Property Act, foreigners are generally not allowed to own landed property in Singapore. The only exception is on Sentosa Cove.
\nMeanwhile, to help drive sales of the townhouses, TG Master is offering an Enhanced Deferred Payment Scheme which offers a flexible payment option for buyers. They will only need to put down a 20 percent option fee for a two-year option to purchase the property.
\nIn these two years, buyers will not be required to pay any mortgages, maintenance fees or property taxes. At the same time, they will also be granted a master tenancy of the unit.
\n\u201cWe understand our buyers may have different needs and investment goals. By allowing them to either stay or rent out their unit, we want to make it easier for our buyers to plan their finances,\u201d said TG Master.
\nAs TG Development and Master Contract Services are private Singaporean companies, the project is not affected by Qualifying Certificate rules. There is also no Additional Buyer\u2019s Stamp Duty deadline since the site was purchased before the measure took effect in December 2011.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Foreigner eligible townhouses at Skies Miltonia relaunched for sale<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

View of the townhouse units at Skies Miltonia in Yishun. (Photo: TG Master)\u00a0 A completed...<\/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-55649","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-etz","jetpack-related-posts":[{"id":10574,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/saadiyat-lagoons-new-abu-dhabi-district-set-to-home-29000-residents\/","url_meta":{"origin":55649,"position":0},"title":"Saadiyat Lagoons: New Abu Dhabi district set to home 29,000 residents","date":"April 13, 2016","format":false,"excerpt":"\r \r The Saadiyat Lagoons, the largest district on Abu Dhabi's luxury Saadiyat Island, has been launched by The Tourism Development & Investment Company (TDIC).\"The Lagoons District is a premium residential community which is expected to become home to 29,000 residents across more than 4,000 residential units,\" TDIC said in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26388,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-south-to-start-selling-apartments-from-dh280000\/","url_meta":{"origin":55649,"position":1},"title":"Dubai South to start selling apartments from Dh280,000","date":"September 17, 2016","format":false,"excerpt":"\r Dubai South has said that it will begin selling studio apartment units at The Pulse area of its masterplanned community with prices starting from Dh280,000, with sales set to start by the end of the month.The Pulse is one of two residential communities that Dubai South announced at this\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26378,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-south-to-start-selling-studio-apartments-at-the-pulse-project\/","url_meta":{"origin":55649,"position":2},"title":"Dubai South to start selling studio apartments at The Pulse project","date":"September 17, 2016","format":false,"excerpt":"\r Dubai South has said that it will begin selling studio apartment units at The Pulse area of its masterplanned community with prices starting from Dh280,000, with sales set to start by the end of the month.The Pulse is one of two residential communities that Dubai South announced at this\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8162,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/housing-highlights\/","url_meta":{"origin":55649,"position":3},"title":"Housing highlights","date":"March 11, 2016","format":false,"excerpt":"\r \u00a0 A look at some of the developments shaping Singapore\u2019s skyline. \u00a0 UPCOMING TOP Wandervale Choa Chu Kang Ave 3 \u00a0 Type: Executive condominium Developer: Sim Lian Group Limited Tenure: 99-year leasehold Facilities: Gym, tennis court, lap pool, adventure playland, reading spaces, alfresco lounge, dining pavilions Nearby Key Amenities:\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/03\/HH94WV.png?fit=573%2C283&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":10152,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-properties-to-launch-phase-two-of-arabella-townhouses-in-dubailand\/","url_meta":{"origin":55649,"position":4},"title":"Dubai Properties to launch phase two of Arabella townhouses in Dubailand","date":"April 7, 2016","format":false,"excerpt":"\r \r Dubai Properties is to launch on Saturday the second phase of its Arabella community of townhouses within the Mudon development bordering Emirates Road. 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