World Furniture is back with an irresistible offer that’s bound to shake up home decor games! Following the tremendous success of their World BTO Fair in March, where the showroom witnessed a full house, they’re now extending the excitement with their 𝗘𝘅𝘁𝗲𝗻𝗱𝗲𝗱 𝗕𝗧𝗢 𝗦𝗮𝗹𝗲. This exclusive event promises to be bigger and better, offering homeowners an unparalleled shopping experience.
𝐓𝐇𝐄 𝐈𝐍𝐂𝐑𝐄𝐃𝐈𝐁𝐋𝐄 $𝟏 𝐃𝐄𝐀𝐋
Customers who purchase any 𝗹𝘂𝘅𝘂𝗿𝗶𝗼𝘂𝘀 𝗵𝗼𝘁𝗲𝗹 𝘀𝗲𝗿𝗶𝗲𝘀 𝗺𝗮𝘁𝘁𝗿𝗲𝘀𝘀 will have the opportunity to take home a stunning 𝘀𝗼𝗳𝗮 𝗳𝗼𝗿 𝗷𝘂𝘀𝘁 $𝟭! It’s an offer too good to resist, allowing homeowners to elevate their living spaces without breaking the bank.
𝗗𝗔𝗥𝗘 𝗧𝗢 𝐂𝐇𝐀𝐋𝐋𝐄𝐍𝐆𝐄
World Furniture is also daring customers to challenge the ordinary with their ongoing ‘𝗗𝗮𝗿𝗲 𝘁𝗼 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲’ promotion. With a 𝘃𝗮𝘀𝘁 𝘀𝗲𝗹𝗲𝗰𝘁𝗶𝗼𝗻 𝗼𝗳 𝘀𝗼𝗳𝗮𝘀, 𝗿𝗲𝗰𝗹𝗶𝗻𝗲𝗿𝘀, and 𝘁𝗵𝗲 𝗹𝗮𝘁𝗲𝘀𝘁 𝗔𝗜 𝘁𝗲𝗰𝗵𝗻𝗼𝗹𝗼𝗴𝘆-𝗶𝗻𝗳𝘂𝘀𝗲𝗱 𝗱𝗲𝘀𝗶𝗴𝗻𝘀, spanning over their huge, 𝟮𝟬,𝟬𝟬𝟬 𝘀𝗾𝗳𝘁 showroom, you are challenged to step out of your comfort zones and explore new possibilities in home furnishing.
The excitement doesn’t stop there. With more purchases, you’ll be able to get more items at a greatly reduced price, and the savings just keep piling up. Additionally, if you RSVP now, you will receive a 𝗿𝗲𝗯𝗮𝘁𝗲 𝘃𝗼𝘂𝗰𝗵𝗲𝗿 𝘂𝗽 𝘁𝗼 $𝟱𝟬𝟬! It’s the perfect opportunity for home upgraders to transform their living spaces and make a statement.
✔️ Buy any hotel series mattress 🡪 Get a FREE SOFA at $1
✔️ Buy any hotel series mattress 🡪 FREE 5ft wardrobe OR 5ft TV feature wall
✔️ Buy a sofa 🡪 FREE dining table!
✔️ Exclusive $6,888 Package – Includes a mattress, modern bedframe, cozy sofa, wardrobe, dining table with 4 chairs.
✔️ Enjoy $600 discount on our hotel-grade mattresses
Don’t miss out on this chance to revolutionize home decor! RSVP now at https://tinyurl.com/WFextendedbtosale to 𝘀𝗲𝗰𝘂𝗿𝗲 𝗮 𝗿𝗲𝗯𝗮𝘁𝗲 𝘃𝗼𝘂𝗰𝗵𝗲𝗿 𝘄𝗼𝗿𝘁𝗵 𝘂𝗽 𝘁𝗼 $𝟱𝟬𝟬. Be part of the furniture frenzy! See you there!
After getting over the excitement of purchasing your build-to-order (BTO) flat, it’s time to think about renovations. If you know not where to start, take it from the interior designers themselves as they share with you tips on budgeting, styles to go for, and more.
Set a budget
Image Credits: 99.co
As with most things, setting a budget will get you started on the right track. According to a spokesman for Qanvast, the data collected shows that homeowners of new apartments spend between S$30,000 and S$60,000 on renovations while renovation costs for resale units start at S$65,000.
However, he advises homeowners to budget for an excess of 10 to 20 per cent more. “It’s common for homeowners to spend more than their budget – upgrading to better tiles, adding carpentry work, or dealing with unexpected hiccups.”
Also, while you might be attracted to some low-cost packages, it’s good to do a background check before signing any contract. Mr Morris Teo, managing director of HomeRenoGuru, a renovation website, says: “Homeowners should be mindful when signing packages that appear very affordable. Reputable interior designers would usually include the entire renovation works in the initial contract.”
Also, make sure you are getting good quality materials for the price paid. As Ms Amy Picanco, a director at Aym Design and a council member of the Interior Design Confederation Singapore, rightly points out: “While it can be difficult, try to think long term – do you want a renovation that lasts for five or 10 years? This will affect the quality of the materials you use and may push prices up. However, it could save you a lot of time and money in the long run as it will be a lasting investment.”
The styles to go for
Image Credits: Houzz
Interior designer and founder of Wee Studio, Mr Yeo See Wee, comments, “If you have 10,000 pictures of every style, that makes it very difficult for you and your interior designer to decide what style to go with.” A lookbook with a few images representing the concept you like will do.
Architecturally trained interior designer Vanessa Ong suggests homeowners limit the colour and texture tones to up to five options. “Take time to observe spaces, objects, textures that inspire you or places you’ve visited. Your home should tell a story of who you are,” she adds.
Seek approval before hacking
Image Credits: blogspot.com
“Homeowners should think about how long they’ll be staying in the flat and what their plans for the future are so that the flat can provide for their future needs. Erecting a wall in the future will be an unnecessary, time-consuming, and costly endeavour,” said the spokesman for Qanvast.
However, if you’re sure about knocking down walls to create an open-concept living space, be sure to seek approval from the Housing and Development Board (HDB) first. You can read all about demolition and erection of walls here.
Maximizing the space you have
Image Credits: Qanvast
HomeRenoGuru’s Mr Teo says that new homeowners often misjudge the storage space they need. Planning with the future in mind is important. With that said, Ms Gwen Tan of Formwerkz Architects recommends homeowners to plan for more storage for future possessions.
Interior designers propose having built-in storage. For example, floor-to-ceiling shelves will help to maximize wall space and beds with storage beneath them will allow you extra space to store your stuff. Having illuminated bathroom mirror will save space as you can do away with an additional lamp.
Choose your home from 11 new Build-To-Order (BTO) projects that offer a total of 7,862 units of 2-room Flexi, 3-, 4-, and 5-room flats:
Keat Hong Verge in Choa Chu Kang
Parc Residences @ Tengah
Champions Bliss and UrbanVille @ Woodlands
Kebun Baru Edge in Ang Mo Kio
Bishan Towers
Dakota One in Geylang
Costa Grove in Pasir Ris
Tampines GreenCrest, Tampines GreenGlade, and Tampines GreenOpal
Apply for your choice town and flat type by 18 August 2020, Tuesday, 11:59pm.
Information on the BTO projects is available on the HDB InfoWEB. You can apply online using your mobile phone, tablet, or computer without visiting the HDB Hub. Successful applicants will be determined by a computer ballot, and not on a first-come, first-served basis.
For other housing options, you can apply for HDB’s open booking of flats, which allows you to book a flat as early as the next working day after you have made an online application. You can also find out the location and number of flats in our upcoming BTO sales exercises.
Important Notes
HDB precincts are planned to serve the evolving needs of the community. There are spaces catered for future inclusion of amenities/ facilities (such as childcare centres, elderly-related facilities, education centres, residents’ committee centres, and day activity centres), commercial facilities (such as shops and eating houses), mechanical and electrical rooms, and such other facilities depending on the prevailing needs. These spaces could be in the void decks, common property, car parks, or stand-alone community buildings.
To facilitate your flat application, we have provided information on the surrounding land use, proposed facilities, and their locations in the maps and plans in this brochure. As the information provided is based on the current planning intent of the relevant authorities, they are indicative only and are subject to review from time to time.
Notes: * 2-room Flexi flats come in two sizes – 36/37/38 sqm (Type 1) and 45/46 sqm (Type 2). ^ The starting prices of flats in the table above are based on 99-year leases. For illustration purposes, the assumed Enhanced CPF Housing Grant (EHG) amounts are: 2-room Flexi flat: $80,000 3-room flat: $75,000 in non-mature towns and $60,000 in mature towns 4-room flat: $60,000 in non-mature towns and $45,000 in mature towns 5-room flat: $45,000 in non-mature towns and $30,000 in mature towns
The starting prices after grant amounts are illustrative, assuming that the household incomes of eligible first-time buyers of flats in the mature towns are higher. The actual grant amount received will depend on the buyers’ income and eligibility. Read more on EHG in HDB InfoWEB. + Prices include the costs of floor finishes, internal doors and sanitary fittings. ^^ Singles who apply for a 2-room Flexi flat under the Single Singapore Citizen (SSC) Scheme will pay $15,000 more than couples. Eligible singles can also apply for the EHG of up to $40,000. The actual grant amounts will vary according to income. Selling prices are rounded up to the nearest thousand dollars.
For young couples who are about to commence their journey towards matrimony, buying a house is usually a decision that they will have to make collectively. Given the cost associated with buying a house, it is hardly surprising that this is often the biggest financial commitment for young couples. Therefore, besides considering emotional factors, it is just as important to consider the financial factors behind this important decision as well. Meanwhile, an executive condominium (‘EC’) has often been touted for its investment potential. It remains as one of the best products for delivering capital gains within the residential segment. It is little wonder why executive condominiums have gained traction and become extremely popular amongst young couples over the years. One such project is Sol Acres, an executive condominium developed by MCL Land. Its unique offering of 1-bedroom apartments could well turn out to be a smart choice for young couples.
Investment Potential Of Executive Condominium
According to a research by The Edge Property, a price gap of about 18% typically exists between an EC and a comparable condo during sales launch. After the 5-year Minimum Occupation Period (‘MOP’) has been met, the price gap narrows down to 12%. 10 years after Temporary Occupation Period has been reached, whereby the EC becomes fully privatised, the price gap further narrows down to only 9%.
What this implies is that capital gains can be made as soon as the 5-year MOP is up. At this stage, owners of EC can sell their EC to Singapore citizens or Singapore permanent residents. However, if the home-owner is in no hurry to dispose the EC, possibly greater capital gains awaits when the EC attains full condominium status. This is akin to owning a long-term arbitrage opportunity.
This price-gap theory is best illustrated by recent transactions within the vicinity of Sol Acres. Hillsta, a condominium developed by Far East Organisation in 2016, is located less than 1km away from Sol Acres. Transaction prices in the past 6 months at Hillsta averaged around $980 psf, approximately 23% higher than the transaction prices in Sol Acres during the same period. Therefore, a purchaser of Sol Acres is immediately in the money the moment he or she purchases the unit.
Affordability of Executive Condominium
As aforementioned, EC are typically priced at an average discount of 18% during sales launch when compared to comparable condominiums. A significant part of this price gap is due to the lower land prices that developers pay for executive condominiums during government land sales exercises. In turn, the developers pass these cost savings to the home buyers.
In addition, government subsidies such as the CPF housing grants also help young couples to offset the downpayment required. Note that such CPF housing grants are not applicable to buyers of private condominiums.
To increase the affordability quotient further, reputable developer MCL Land has introduced 1-bedroom units in Sol Acres, an executive condominium located off Choa Chu Kang Grove. Besides boasting the accolade of being the biggest executive condominium in Singapore, it is also the only development to offer 1-bedroom units. As the 1-bedroom unit has been well designed to optimize space well, selling price starts from a very affordable $370,000. This significantly lowers the barrier of entry since a young couple with only a minimum combined income of $4,430 will now be able to meet the mortgage service ratio.
Maintenance fees starting from $180 per month are also low, especially when gym and pool facilities are included. Coupled with the current low-interest rate environment, MCL Land has truly made it possible for young couples to be proud owners of an executive condominium.
Why Sol Acres Is A Smart Choice
As the first developer to include 1-bedroom units in an executive condominium project, MCL Land has truly placed an EC within the reach of most young couples. Home-owners now has the unique opportunity of enjoying full condominium facilities while only paying prices comparable to HDB’s Build-To-Order (‘BTO’) flats.
In addition, as it is already substantially constructed, Sol Acres is likely to achieve TOP in 1Q2018. This implies a shorter wait time as compared to a traditional BTO. It is therefore a good solution for young couples with immediate housing needs. Furthermore, sales at Sol Acres are on a first-come first serve basis rather than the traditional balloting exercise associated with BTO.
Sol Acres’s 1-bedroom units are most suitable for young couples with no children or young couples who do not have plans to have children so early in their marriage life. They are therefore able to enjoy each other’s companionship set within a condominium environment. Subsequently, home-owners can upgrade to a more spacious house with the capital gains made after MOP.
This is highly likely given Sol Acre’s strong investment outlook owing to its outstanding location. It is a mere 15-minute drive away from Singapore’s second CBD, the revitalized Jurong Lake District. Besides a host of shopping malls and offices, Jurong Lake District will also be the terminus for the future Singapore-KL high speed rail. For those who do not drive, Sol Acres is also well connected by public transport since the LRT is right at its doorstep. The LRT connects directly to both the Choa Chu Kang and Bukit Panjang MRT stations, giving commuters access to both the North-South lines and Downtown lines respectively.
Visit The Showflat Quickly
Given the resurgence in the property market recently, units are going fast at Sol Acres. Only less than 60 units remain at Sol Acres. Therefore, for those who are desirous of a home with condominium facilities at BTO prices, an appointment should quickly be made. As an added incentive, readers of Money Digest who register to view the 1-bedroom show suite can redeem a pair of movie tickets after their viewing. Hurry as only 150 pairs are up for grab.v
Good news for those who’s looking for a BTO flats.
HDB has launched 5 new Build-To-Order (BTO) projects that offer a total of 4,841 units of 2-room Flexi, 3-, 4-, 5-room, and 3Gen flats:
Buangkok Woods in Hougang
EastDelta @ Canberra in Sembawang
Valley Spring @ Yishun
TampinesGreenVerge and TampinesGreenView
Apply online for your choice town and flat type by 23 August 2016. Applications are open till 23 August 2016, 11:59pm, and you can apply online at any time till then. Successful applicants will be determined by a computer ballot, and not on a first-come, first-served basis.
HDB precincts are planned to serve the evolving needs of the community. There are spaces catered for future inclusion of amenities/ facilities (such as childcare centres, elderly-related facilities, education centres, residents’ committee centres and day activity centres), commercial facilities (such as shops and eating houses), mechanical and electrical rooms, and such other facilities depending on the prevailing needs. These spaces could be in the void decks, common property, car parks or stand-alone community buildings.
To facilitate your flat application, we have provided information on the surrounding land use, proposed facilities, and their locations in the maps and plans in this brochure. As the information provided is based on the current planning intent of the relevant authorities, they are indicative only and are subject to review from time to time.
Notes: * 2-room Flexi flats come in two sizes of 36 sqm (Type 1) and 45 sqm (Type 2). ^ The assumed housing grants are meant for applicants applying as a family nucleus or two singles under the Joint Singles Scheme for a 2-room Flexi BTO flat. SHG is applicable only to 2-room Flexi, 3-room and 4-room flats in the non-mature towns. With the SHG enhancement announced at NDR 2015, eligible first-time flat buyers with income up to $8,500 would now enjoy SHG of up to $40,000: 2-room Flexi flat: $80,000 (comprising AHG of $40,000 and SHG of $40,000 where applicable) 3-room flat: $70,000 (comprising AHG of $30,000 and SHG of $40,000 where applicable) 4-room flat: $55,000 (comprising AHG of $15,000 and SHG of $40,000 where applicable) 5-room flat / 3Gen flat: $10,000 (AHG only) The actual grant amounts vary based on income and choice of flat type. Read more on various CPF Housing Grants available. + Buyers are required to pay 5% of the published price using their own CPF and/or cash savings when the total housing grants (i.e. AHG and SHG) they can enjoy exceeds 95% of the published price of flat. Excess housing grant, if any, can be used to pay for Optional Component Scheme (OCS) items and premiums that singles and Singapore citizen/Singapore permanent resident households have to pay, before crediting into the Singaporean buyers’ CPF accounts. ** Singles who apply for the 2-room Flexi flats under the Single Singapore Citizen Scheme will pay $15,000 more than married couples. Eligible singles can also apply for AHG and SHG. The additional amount payable and the grants will vary based on the choice of lease tenure. The actual grant amounts will vary according to income. Read more on various CPF Housing Grants available. Selling prices (excluding and including grants) quoted above are rounded up to the nearest $’000.
