29 Jul '16, 3am

Creative payment schemes continue to hit the market #SingaporeProperty #PropertyNews #RealEstate

It could also be wanting to raise capital in order to rejuvenate the company's portfolio, added Mr Desmond Sim, CBRE research head for Singapore and South-east Asia. Under the latest plan, buyers pay an upfront payment equal to 20 per cent of the unit price, and are given a two-year option to purchase the unit at a price fixed today. A total of 30 units owned and being leased out by SC Global are available under this scheme. During the two years, buyers get an annual return of 10 per cent on the downpayment - thanks to tenancies managed by SC Global. So, a 20 per cent payment on a $3 million unit, or $600,000, would generate an annual income of $60,000 a year for the buyer. Should the buyer eventually decide not to exercise the option, the downpayment is forfeited although he gets to keep the rental income. SC Global chairman and chief executive Simon Cheong said the plan ...

Full article: http://www.srx.com.sg/singapore-property-news/22072/creat...

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