When it comes to investing in a condo, financing is a crucial factor to consider. In Singapore, there are various mortgage options available, but it is crucial to keep in mind the Total Debt Servicing Ratio (TDSR) framework. This framework restricts the loan amount a borrower can take, taking into account their income and current debt obligations. It is important for investors to understand and work closely with financial advisors or mortgage brokers to make informed decisions about their financing options and prevent getting over-leveraged. With the help of experts and using resources such as Condo, investors can navigate the complex world of financing with ease.
A semi-detached house in the popular Kew Vale estate in District 16 will be going under the hammer on March 15. The three-storey property, situated at Kew Heights, has a land area of 3,034 sq ft and is being offered with a guide price of $3.65 million.According to the managing partner of SRI’s auctions and sales department, Mok Sze Sze, this is the first time the house is being put up for auction, as it is a mortgagee sale. The property will be sold with vacant possession.With a build-up area of 4,436 sq ft over three floors, the house features a spacious living hall with a double-volume ceiling, an adjoining dining area, a kitchen, and a helper’s room on the ground level. The upper two floors house six bedrooms, a family area, and a storeroom. The property also comes with a car porch and a backyard.The open spaces in the house present a unique opportunity for buyers to convert them into additional bedrooms, making it ideal for large or multi-generational families, says Mok. The guide price of $1,203 psf is also attractive, as it is one of the lowest in the neighbourhood. Based on URA caveats, the property was last transacted in November 2021, for $3.19 million ($1,051 psf).In the past year, two other 99-year leasehold landed properties in Kew Vale were sold – a semi-detached house at Kew Heights for $3.35 million in February and a terraced house at Kew Drive for $3.26 million in January. Both properties were three storeys and had a land area of approximately 2,300 sq ft.Mok adds that prices for 99-year leasehold semi-detached houses in Kew Vale have been on an upward trend, with an average land rate of $1,213 psf in 2023 and 2024, compared to $1,002 psf between 2021 and 2022. The estate is located near the East Coast Parkway (ECP) via Bayshore Road and will be served by the upcoming Bedok South MRT Station along the Thomson-East Coast Line when it opens in the second half of 2026.The area also boasts several reputable schools such as Temasek Primary and Secondary Schools, Bedok South Secondary, and Bedok View Secondary. With its strategic location and potential for conversion, the semi-detached house at Kew Heights is an attractive investment opportunity.