A 1,905 sq ft, three-room condo at Alba, situated on Cairnhill Rise, has been set available to be purchased at $4.75 million ($2,493 psf) by means of private deal. The property was set available to be purchased beforehand on March 4 at an initial cost of $4.7 million, and afterward removed as there were no offers. It will be sold again on April 8 by Knight Frank. It is a mortgagee deal. The 10-story unit at the freehold condo has three en suite rooms, high roofs, and unblocked sees from the main room and one of the other two rooms, as per Sharon Lee, head of sales at Knight Frank Singapore. Each unit at the apartment suite has private lift access.
A Mortgagee Sale is a process where a mortgage is sold off to another party. The person buying the home from the seller is called the purchaser. It is like renting your own place, but with all the money you make from renting you get to buy your own home. If you are in a financial emergency and have no other choice than to sell off your property, then mortgagee sale can be a good alternative. There are some developments that are near to Canninghill Piers which are under Mortgagee Sale. Please consult your financial advisor before committing to a private property purchase. Canninghill Piers Condo Singapore is currently undergoing the construction phase. Once fully completed, the project will feature premium residential and commercial properties that will transform Orchard Road. When it is completed, Canninghill Piers will boast some of the best public transport links in Singapore, as well as one of the largest man-made water bodies in the country.
Located at the mouth of Singapore River, the Canninghill Piers condos in Singapore enjoy prime waterfront exposure. The Canninghill Piers was constructed to provide a spectacular view of the skyline. Canninghill Piers is a luxury residential condominium for premium waterfront views. Located on the mouth of the Singapore River, this is one of the most prominent places in the city for the shopping lovers. One of the best features of the Canninghill Piers condos is that the view of Singapore River is fantastic. The luxury condominiums located here provide panoramic views of the waterfront and the buildings are designed attractively to enhance the view.
If you love to explore, then an exciting way to do so is with a holiday at one of the Canninghill Piers condos in Singapore. Located on the waterfront, this luxury condominiums offer the best of Singapore’s River Walk and Central Business District. You have everything you need right in your condo. All your favourite stores and restaurants are just minutes away from your unit.
The best part about this area is its proximity to the popular Singapore River near Canninghill Piers. It can be reached by water in just a short walking distance. The closest ferry terminal is the Bayoh hospital. You can easily find boats coming in and out of here to the different parts of the world. It is also close enough to the Singapore River to have access to it.
Before you opt for this option, try to understand the process that is involved in it. You will be working with a person who is an expert in selling properties. This person will look into all aspects of your home and try to fix any issues that exist between you and your buyer.
The entire point of mortgagee is that you don’t have to go through the hassle of keeping up with maintenance costs on the property. This saves a lot of money for you and saves you from all the hassles of keeping up with maintenance. You do however, have to be careful while selecting your buyer and must conduct a thorough research before buying the property. If you find that the buyer is charging you a lot of commission, you must avoid them.
The unit was recently purchased in November 2012 for $5.81 million ($3,050 psf) as another deal. Lee says that the guide cost of this property is “much lower” than the asking costs for different postings at the turn of events. Postings of three-bedders of a comparative size on EdgeProp Singapore’s entrance range between $6.5 million and $6.58 million, which means somewhere in the range of $3,412 and $3,454 psf.
The unit is at present rented until the finish of March 2021. In view of EdgeProp Singapore information, comparable three-room units at Alba have brought $7,200 to $8,000 each month in lease in the previous few months. Lee likewise says that a higher-floor unit in a similar stack was most as of late leased for $11,000 each month.
Always look into the credibility of the company that is involved in the sale. The company should be registered and the rules should be followed. This is very important so that you don’t end up in a fraudulent company. The company that is buying your property should have their own lawyers. They should take care of all the legalities involved and they should fix all the issues in a timely manner. If a company doesn’t feel competent to handle such a big transaction then you should avoid dealing with them.
Another important thing about a mortgagee sale is that you don’t get to have the home till the buyer comes. You might want to go and visit your home before the sale takes place. But this is not possible. There are a lot of documents that have to be prepared and the buyers will not be willing to spend a lot on paperwork. So you should prepare all the papers beforehand and then send them to the buyer. It is best to handover the home to the buyer as soon as you sell it.
All the papers should be handled by the mortgagee sale company with care. You shouldn’t hand over any of your property to the buyer without a legal stamp. In case there is any legal issue or a conflict of law, the lawyer that you hired should resolve everything. The legal papers have to be prepared in a proper manner. So you shouldn’t try to cut corners and save money by preparing the papers late. By preparing late mortgage papers you will be risking the money that you would have received if the deal had been successful.
Alba is a 50-unit extravagance condo created by a wide margin East Organization, and was finished in 2015. It is a short drive to the Orchard Road shopping belt just as conveniences like Newton Food Center. Schools inside 1km incorporate Anglo-Chinese School (Junior). The improvement is planned by famous US engineering firm Arquitectonica. The structure has a novel ‘Y’ shape, which offers picturesque perspectives. Inhabitants at Alba are served by an attendant service. Offices in the condo incorporate a pool, youngsters’ sprinkle play region, relax structures and a rec center.
Lee says that the unit will pull in both proprietor occupiers and financial backers as it is situated in prime District 9. She has gotten enquiries from local people, lasting occupants just as outsiders.
The company that will be taking over your property will also take care of all the maintenance works on the house. You will have to shell out some money to keep the house looking nice and in good condition. This is because the seller will be completely responsible for all repairs and replacements. If there is a fault in the property then the seller will have to bear all the cost of repairs. The amount that has to be paid to you for the sale of the property depends on the location and size of the property. Some smaller properties can be sold for as little than half the amount that you paid to buy the property.
The mortgagee sale company that handles your property will also provide you with a list of potential buyers for your property. Before you reach a decision, you will have to go through the list and look at each one very closely. If you find that the person is suitable then you can finalize the deal. It is important that you do not make the mistake of agreeing to a deal that will push you into debt. A reputable company will always help you get out of debt.