Mortgage Rates for Refinancing for Stated Income Loans

Mortgage Rates for Refinancing for Stated Income Loans
Mortgage Rates for Refinancing for Stated Income Loans

Mortgage rates for refinancing are similar to those for first time buyers. Mortgage rates for refinancing are usually fixed rate mortgages or adjustable rate mortgages (or some variation there of). There are many sources on the Internet one can turn to for daily and weekly statistics for mortgage rates in order to calculate refinancing needs. Also, in order to check out mortgage rates for refinancing, many websites will offer free mortgage rate calculators.

Your FICO score will determine how much money your lender will give you and at what rates. Find out how to increase your credit score fast so that you can get the lowest interest rates.

When checking the mortgage rates for refinancing it is also important to take into account the fees of refinancing. These can include settlement costs, discount points and perhaps even a penalty for paying off your original loan early. The total expense for refinancing a mortgage depends on the interest rate, number of points, and other costs required to obtain a loan. To obtain the lowest rate offered, most mortgage companies will charge several points, and the total cost can run between three and six percent of the total amount you borrow. Some loan companies, however, may charge you zero points but at a higher interest rate. Comparing total costs and the bottom line of each refinancing plan will help you in making a sound decision.

Most people rely on credit when buying or refinancing a home. To qualify for a refinance mortgage loan with good terms, you’ll need to have an adequate credit score. A credit score is also known as FICO, a three-digit system created by Fair Isaac and Co. A FICO measures the probability of an individual paying back the money they have borrowed. Being aware of where your FICO stands and finding ways to improve it is saves you money. A 30-year loan for $200,000 can save you over $100,000 if you have a good credit score as opposed to a bad one. Most people think it’s preferable that the thousands of dollars goes into their pockets instead of that of their mortgage lender.

Some lenders will also offer a free credit report to potential customers as a method of persuasion to do business with them. The major credit reporting agencies are Experian, Equifax and TransUnion. By cleaning up your credit report first, including any errors on these reports, you’ll go a long way in lowering your mortgage rates for refinancing. The bottom line is that with a little planning and work, your bottom line can look thousands of dollars richer.

Stated income loans require little verification to receive money. Stated income loans generally require no pay stubs, W2’s or tax returns. For those who have difficulty verifying their earnings, stated income loans may just be the answer. Usually this group includes borrowers that make tips, bonuses and commission as their sole form of income or are simply self-employed or are retired and live off of their investments.

It may sound too good to be true, but it isn’t. There is a proven, yet renegade method to build your home for free. When considering a stated income loan as an alternative to traditional borrowing methods, one does have to have verifiable employment and some cash reserves or assets. Stated income loans are also known as No Income Verification Loans (NIV).

Several different types of stated income loans exist, depending upon the lender. Some stated income loans are available for those with FICO scores as low as 580 – 640. Usually the borrower’s statement or assertion of their income is enough to get the loan along with some assets. There are, however, some leaders that offer stated income and stated asset loans, which means that neither the income nor the assets are verified by the lender. These loans generally carry a slightly higher interest rate for the borrower since the lender accepts more risk with this method.

There may be some other caveats when applying for a stated income loan such as being with the same employer for 2 years, several credit accounts and no bankruptcies within the last 3 years. Also, the borrowers title must match closely to the stated income. As an example, a high-school janitor reporting $10,000 per month in earnings would be suspect.

Stated income loans can be used for new purchases, refinancing your current home and home equity lines of credit. Some lenders even offer stated income loans for commercial and non-residential real estate as well. Stated income loans may also be desirable for privacy-advocates who are willing to pay a little more in interest rates in order to keep their money matters private. No matter which kind of borrower you may be, stated income loans are at least worth considering if an alternative is what you need.

Choosing The Best Garbage Disposal And Building a Good Garage For Your New Home

Choosing The Best Garbage Disposal And Building a Good Garage For Your New Home
Choosing The Best Garbage Disposal And Building a Good Garage For Your New Home

Most homeowners these days have a hard time finding an affordable home with a garage built into it. Luckily for these homeowners, there is a more affordable alternative to buying a home with a garage. If you already own a home without a garage, you can build a steel garage addition to it. It’s not as laborious as one might think, nor as expensive as it would be to buy a home with a garage.

If you look online, you will find that there are many websites devoted to helping you design and price your own steel building. Some sites even offer ready to build steel garage kits that you can order at discounted prices. As for location, you will want to align your garage to your driveway. So take a good amount of consideration over the size of the structure. You may have plenty of room around your home, but a minimal amount of space for your car port.

Though it is a matter of preference, you will also want to be sure that the exterior blends in with the rest of the house. It isn’t absolutely important, but it may aggravate you after a while to have a dark blue home and a deep red garage addition. You might feel like you’re living in a police siren. To avoid this, simply evaluate the look of your home, as well as the space and material.

After you get your garage parts ordered, don’t be concerned if you end up getting distracted or not having as much time to construct it. You can still hire a contractor to come in and finish. You may have to hire one anyway to excavate the area you want to build over. You will also want a garage foundation built into the ground with enclosed anchor bolts. Working from the foundation up, your walls need to be put into place first.

Afterward, you will want to get your roof up before the weather can ruin the structure. Then you can work on the floor inside. You are not really required to hire anyone, but with as much work that goes into building a garage, you may want to invest in some assistance. Garbage disposals are something that anyone that has a kitchen sink must own! It offers you clean sink and good hygiene. Without a garbage disposal you would not be able to properly rinse your leftovers down the sink. Food would become stuck in your sink, mold, and have a foul odor.

So clearly garbage disposals are much needed. If you are looking to replace your current garbage disposal or looking to add one to a new sink, then there are some things that you should know to help you with choosing the right one. The first thing that you will need to do is decide what model garbage disposal will fit under your sink properly and suit your needs. There are basically two different types of garbage disposals that you can find available on the market to choose from. You could either choose a continuous feed garbage disposal, or a batch feed.

Continuous garbage disposals are the most common type of garbage disposals that people like to use. As long as you have the switch on this garbage disposal will stay running and pulverizing the food. You can run it until all of the food is gone from your sink. The batch feed garbage disposal has a cover that is required to be used for getting rid of waste. The cover has to be over the garbage disposal before you turn it on to get rid of the food. This type of garbage disposal is less commonly used because it requires more effort to operate. However this garbage disposal is one that is safer to use as opposed to the continuous one which could injure hands or damage other items that accidentally fall into the grinder.

If you are interested in either one of the above mentioned garbage disposals, then you might want to check out some garbage disposal reviews online. You will be able to read what other people think about the various different types of models of garbage disposals that are available. It would also be a smart idea to compare prices and quality.

You don’t want a garbage disposal that is junk or that has a majority of negative reviews from previous buyers. It would be a wise idea to invest in a garbage disposal that will last you for some years to come. Just make sure to use it properly and to follow the instructions on the manual on how to care for it.

Important Tips to Consider When Solving Your Own Plumbing Issues

Important Tips to Consider When Solving Your Own Plumbing Issues
Important Tips to Consider When Solving Your Own Plumbing Issues

Your Home consist of many areas that need maintenance and the washroom and bathroom is one of them. Maintenance is needed and sometimes plumbing issues might occur. If you’ve had the opportunity to check out our previous blog posts, you know just how intertwined your plumbing system is with everything that goes on inside a home daily. From the water heater and various fixtures to the sewer line and so much more, it certainly does quite a bit of work behind the scenes. Having said all of this, it’s always going to be in your best interest to have all of these elements working properly at all times. It’ll take plenty of stress off your shoulders and allow for that constant piece of mind knowing you don’t need to worry about a pipe springing a leak!

When it comes to residential plumbing, there are all types of plumbing issues in any given week! Some of the time, it’s a routine problem that was due to pop up as a result of general wear and tear. Other times, it’s to upgrade fixtures to improve the overall aesthetics of a room. Lastly, there are times where we’re called out to repair a DIY repair gone bad or any other lackluster plumbing job!

When it comes to plumbing, there’s a fine line separating projects that can be done by any ambitious homeowner and those that are best left for a plumbing pro! In this week’s blog, we’ll take an inside look at why certain projects should never be considered a “DIY” and the mistakes that follow.
Water Heater Installation

We all know how important our water heaters are to providing comfort for everyone occupying the house. There’s no denying that! However, if you’ve never installed a water heater before, we would strongly recommend leaving this project up to an experienced plumber. After all, the water that’s inside the tank is kept at extremely hot temperatures capable of causing personal injury or property damage. Here’s a few of the reasons why we would avoid DIY’ing a water heater installation:

Know the Right Product to Install – Over the years, the arrangement of water heaters have grown steadily. You have conventional storage tank water heaters (electric or gas), tankless water heaters, heat pump water heaters, condensing water heaters, solar water heaters and so on! This doesn’t even account for gauging the quality of the many manufacturers currently on the market. A trained plumber will be able to discuss what your needs are as a household, as well as your budget for the project, and find a solution that fits perfectly.

I know what you’re thinking…“Can a water heater really explode?” While it isn’t something that happens all that often, it actually is a possibility. Particularly with the gas models, you need to be wary of any potential gas leak. If some gas were to leak out around the tank, the ignition flame could ignite the gas, creating a potentially dangerous situation. Aside from this scenario, you also need to be mindful of proper maintenance or a lack of regular inspections. Think items like flushing out your water heater to reduce sediment build-up! While this might not cause a massive house fire, it could result in your water heater dying out before the expected lifespan.

Leaking Deadly Carbon Monoxide – Our final example is yet another potentially hazardous situation for all occupants of the house! If a water heater isn’t correctly installed or vented appropriately, it will run the risk of leaking carbon monoxide. Considering carbon monoxide is a colorless, odorless gas, you may not know something is up until members of your household start feeling the adverse effects of carbon monoxide poisoning.

You have a drain that’s running slow or may even appear to be completely clogged up. What’s the first thing you grab? Hopefully, not the liquid drain cleaner that’s hiding underneath your sink! Even though drain cleaners seem like the perfect solution for these types of problems, the truth is they typically end up causing more harm than good.

Damage to your Pipes – When you use a drain cleaner, it will likely appear that the product did it’s job once the clog has been cleared. However, it’s the long-term effects to your pipes that you should be worried about. Most of these drain cleaners are designed to “liquify” the blockage in an effort to clear the passageways. All good, right? Well, the heat that’s generated from this chemical reaction will lead to a gradual demise of your pipes.

Damage to your Fixtures – Just as it’s not going to provide any benefits to the lifespan of your pipes, it’s certainly not going to be helpful on your fixtures either! The strong acids found in chemical drain cleaners can easily wreak havoc on the enamel-based finishes of your fixtures. As a result, a simple drain unclogging turns into a new fixture being needed!

Licensed plumbers will understand the proper way to clear a sink clog is with a snake on most occasions. They should have the equipment on their truck capable of clearing a routine clog in a timely manner.

Every plumber that’s been in the industry for more than a couple months should know the importance of turning off the main water supply valve before doing any plumbing work. Unfortunately, a decent number of DIYers might think they can make a quick valve swap without turning off the water main. Trust us, this is something that can easily transform a quick repair into a much larger plumbing project!

As is the case with nearly every profession, you’ll likely receive plenty of training and education on the in’s and out’s of doing your job. Plumbing is no different! As members of the Plumbers & Gasfitters Local 8 here in Kansas City, our licensed technicians have the experience and training necessary to complete any plumbing job! Our technicians understand the various drain fittings that comprise residential and commercial plumbing projects! Furthermore, they’ll understand how these tie into the various codes to ensure no violations.

While some DIYers might be up to speed on the local plumbing codes, I’m going to take a guess that’s not the case with the majority! After all, unless you’re regularly in the plumbing world, chances are you won’t be aware of any code changes or the general codes to begin with. If “wyes, tees, and elbows” aren’t in your regular vocabulary, it’s probably best to leave any type of plumbing installation like this up to a licensed plumber.

Our final DIY gone wrong involves anything to do with standing water. One of the most prevalent events that fall under “plumbing emergencies” involves flooding inside the home. Whether that’s in the basement, which is the most common location, or anywhere else, it’s important to act quickly. Having said that, it’s always going to be best to get a plumber’s opinion on this topic. Sucking out all of the water with a sump pump isn’t enough. You need to ensure there’s no chances of mold growing, know whether or not walls/flooring need to be torn out and how to replace any piping. Don’t wait until the mold has already been spreading to get a professional’s opinion!

We certainly hope this blog didn’t scare you away from attempting a DIY project, but rather hopefully it encourages you to act with caution before getting started! As can be said about any other home improvement project, if you don’t feel 100% comfortable making the repairs, it might make the most sense to leave it up to a pro that does this type of work each and every day.

Review of Phoenix Residences Located at Bukit Panjang by OKP Holdiings

Phoenix Residences is another improvement found right at the core of Bukit Panjang by OKP Holdings. The improvement is the previous Phoenix Heights that was effectively offered to USB Holdings which is a unit of OKP Holdings. Phoenix Residences is purchased over by mainboard-recorded development organization and OKP Holdings purchased the improvement for an aggregate of $33.1 million for the improvement situated at Phoenix Avenue. In light of the Master Plan, the previous Phoenix Heights sits on a rectuangular plot of land with a plot proportion 1.4 that has a land size of 42,750sqft and a maximum Gross Floor Area of 59,825 square feet. The previous Phoenix Heights have an outstanding lease of 50 Years left for the residency on the land and Phoenix Residences will be re-given with a crisp 99 Years rent upon top-up by OKP Holdings.

Phoenix Residences by OKP Holdings Bukit Panjang
Phoenix Residences by OKP Holdings Bukit Panjang

Locale 23 situated at Bukit Panjang has consistently been popular with respect to the property that are situated around the territory. This is on the grounds that there are many prime courtesies and the locale is only a short drive away to Bukit Timah by means of Upper Bukit Timah Road just as Jurong East. The accommodation furnish occupants with different pleasantries at the doorstep and accordingly Phoenix Residences situated at Phoenix Walk is an exceptionally looked for after area. There are numerous luxuries that are situated at Phoenix Residences District 23 and these incorporate relaxation spots like eating, retail and shopping. Phoenix Residences is a short good ways from every one of these comforts and everything that you need is a short walk or short drive away. There are likewise numerous notorious strip malls that are situated close to Phoenix Residences, for example, Bukit Panjang Plaza and Hillion Mall and in this manner comfort is directly at your doorstep.

Phoenix Residences Located Close to Restaurants and Cafes

For inhabitants of Phoenix Residences OKP Holdings who are searching for diners close to the advancement, Bukit Panjang is known to be where there are numerous gourmet diners that are situated in the private bequest. A portion of these eating places are situated along the shophouses along Upper Bukit Timah Road just as Bukit Panjang Road and hence you can generally find some quality feasting suppers after your work or with your family. No all the more cooking is required. Regardless of being situated at District 23, Phoenix Residences presents a perfect alternative for purchasers who might want to live approach their work places. Phoenix Residences OKP Holdings Condo is situated close to Jurong which is close to the Jurong East Commercial region where they are numerous workplaces and thus Phoenix Residence is just a short drive away from Jurong East District.

Phoenix Residences Located Near to Ng Teng Fong Hospital and Bukit Panjang
Phoenix Residences Located Near to Ng Teng Fong Hospital and Bukit Panjang

Phoenix Residences situated at Bukit Panjang is additionally situated close to numerous emergency clinics and care focuses and this makes an amazing retirement home. For instance, Phoenix Residences is situated close to Ng Teng Fong Hospital just as other day care focuses. Finding a workable pace for exams and authority arrangements is subsequently simple and advantageous.

Phoenix Residences OKP Holdings Bukit Panjang MRT Station

Phoenix Residences OKP Holdings is situated in the area of Bukit Panjang that is effectively open to different pieces of Singapore. Driving to and from home is extremely simple as there is now a built up transportation organize that is as of now existing in the area of Bukit Panjang. The current Bukit Panjang MRT Station together with Bukit Panjang Integrated vehicle center point is directly at your doorstep and consequently Phoenix Residences area is profoundly looked for after in the tranquil enclave of Bukit Panjang. Phoenix Residences area is served by Bukit Panjang Road and Bukit Timah Road and there is a wide scope of other vehicle alternatives, for example, Busses that work along Bukit Panjang Road and Choa Chu Kang Road just as the Light Railway Transport (LRT) that serves the occupants close by. Thusly, Phoenix Residences Owners will have the option to appreciate the advantages that are accessible for the inhabitants. Moving around the pleasantries likewise will take shorter time and everything is at your doorstep.

Phoenix Residences Located Near to Schools and Educational Institutions at District 23

Closeness to schools is one of the most significant criteria while picking a home. Area 23 is one of only a handful scarcely any chose decisions as it is a set up private enclave with numerous schools close by because of it being a full grown bequest. Being a full grown home additionally implies that there are numerous families with school going youngsters and along these lines there are numerous local schools close to Phoenix Residences OKP Holdings situated by Phoenix Residences area. A portion of the schools are additionally only a couple of transport prevents away from Phoenix Walk and subsequently accommodation is at your doorstep.

Phoenix Residences OKP Holdings Phoenix Avenue Close to Schools and Educational Institutions
Phoenix Residences OKP Holdings Phoenix Avenue Close to Schools and Educational Institutions

Being close to schools implied that the children making a trip to class will be progressively helpful and lesser time is expected to travel. Along these lines, the children and get up later and can possess more energy for other significant exercises. The guardians can likewise possess more energy for their own and for work moreover. A portion of the schools that are situated close to Phoenix Residences Location incorporate the beneath

  • Teck Whye Primary School
  • Choa Chu Kang Secondary School
  • West View Primary School
  • Fajar Secondary School
  • Supposition Pathway School
  • Zhenghua Primary School
  • West View Primary School
  • South View Primary School

Inside the area of Phoenix Residences OKP Holdings additionally lies a totally different scope of instructive focuses, for example, kindergarten and other childcare habitats at the accommodation of Phoenix Residences proprietors. Together with the malls and other retail outlets close to Phoenix Residences, a total family living experience anticipates you at the improvement.

One of the features of Phoenix Residences is that it is situated close to many strip malls that is inside a short separation away. A significant number of the malls are a short drive away also and this mean customers would have the option to approach all their shopping things very quickly. There are numerous retail decisions accessible at these malls and practically all things are accessible. There is no requirement for occupants of Phoenix Residences to make a trip to different pieces of Singapore and a significant number of the things are practically around the bend, be it at the HDB shops on the first floor or a large number of the studio shop houses that are littered along Bukit Panjang Road and Choa Chu Kang.

Phoenix Residences Located at Bukit Panjang Shopping Centre

A portion of the shopping centers situated at Bukit Panjang additionally includes full size nourishment court for your ordinary use. There are additionally numerous different shops, for example, skincare and business exercise centers to guarantee that the occupants of Phoenix Residences have a total and dynamic way of life. Numerous other medicinal services foundations are additionally situated inside these shopping centers, for example, general professionals facilities just as social insurance shops accessible.

Phoenix Residences Near to Hillion Mall and Hillion Mall
Phoenix Residences Near to Hillion Mall and Hillion Mall

A portion of the strip malls situated close to Phoenix Residences incorporate Hillion Mall. The strip mall is a mainstream shopping center sum the inhabitants of Bukit Panjang and Choa Chu Kang as it is legitimately coordinated with Bukit Panjang Integrated vehicle center. Hillion Mall comprise of pretty much every shop that a customer needs to finish their shopping encounters. As Hillion Mall provides food generally to the groups of Bukit Panjang, there are numerous offices that oblige kids too, for example, preparing institute, open play areas just as educational cost communities. Hillion Mall is to be sure a total way of life shopping center that takes into account customers from varying backgrounds.

Another shopping center that is situated close to Phoenix Residences is Bukit Panjang Shopping Center. While Hillion Mall is generally new and situated beside Hillion MRT Station, Bukit Panjang Shopping Center is situated in the area of Bukit Panjang and has been around longer contrasted with Hillion Mall. Bukit Panjang Shopping Center is likewise acclaimed for being a shopping center with numerous F&B eating choices just as topical restaurants situated inside the shopping center.

Phoenix Residences Near to Shopping Malls such as Lot One Shopper’s Mall and Choa Chu Kang Centre

Bukit Panjang near to Phoenix Residences location stays as one of the most exceptionally looked for after area. Together with the malls and the diners that are situated inside a short stroll of Phoenix Residences, accommodations are situated at your entryway step. There are additionally other strip malls that are found a short drive away, for example, Lot One Shopper’s Mall and Choa Chu Kang Center.

Bukit Panjang’s crown jewel is our famous ke kou mian (from $three.50) from Hai Xian Zhu Zhou just 5 mins from Phoenix Residences. The stall’s call interprets actually into Seafood Porridge, and is placed at the kopitiam at Blk 163A, Gangsa Road.

Mention Bukit Panjang near to Phoenix Residences to any Singaporean and photographs of a normal Housing & Development Board (HDB) town will probably come to thoughts. In reality, a height-hour ride thru Bukit Panjang on a Light Rapid Transit (LRT) teach will deliver one face-to-face with rows of towering residential residences, punctuated sometimes through the strange park or community area. As the educate-car glides into Bukit Panjang Integrated Transport Hub, waves of passengers may be glimpsed hurrying alongside, some sure for the spanking new Hillion Mall. A quick look, and it is soon obvious that a lot of these commuters have simply arrived via the adjoining Downtown Mass Rapid Transit (MRT) Line, returning for a day’s paintings within the city.

Phoenix Residences Near to Upper Bukit Timah Road and Choa Chu Kang Road
Phoenix Residences Near to Upper Bukit Timah Road and Choa Chu Kang Road

Half a century in the past, however, the shuttle to Bukit Panjang at Phoenix Residences location might have have been made no longer in air-conditioned comfort, but in a Vulcan omnibus operated by way of the Green Bus Company. Trundling down Upper Bukit Timah Road on bus carrier No. 2, one could have encountered acres of dense foliage, interspersed with factories belching out thick, gray smoke. Every now and then, a cacophony of intoned hawker voices could have wafted via the bus’ opened windows, as if attempting to compete with the periodic whistle of the Malayan Railway locomotive as it thundered in the direction of the level crossing at Choa Chu Kang Road. As the bus wound around the traffic circus located wherein Junction 10 stands nowadays, a mishmash of zinc and brick shophouses might have become visible.

Phoenix Residences Near to Junction 10 Bukit Timah Road

Long before the appearance of buying department shops including Junction 10 near to Phoenix Residences location, “tenth mile” had already been used colloquially to refer to Bukit Panjang. In truth, the origins of each toponyms may be traced to the mid-1800s, while a number of settlements emerged at the 10th milestone of Bukit Timah Road, near a 132-metre hill referred to as Bukit Panjang (because of this “long hill” in Malay).2 Initially inhabited via gambier and pepper planters, these settlements started out to make bigger when Bukit Timah Road became prolonged northwards to Kranji in 1845. In the procedure, new styles of monetary activity along with rubber cultivation were delivered to Bukit Panjang.3 In 1912, the well-known enterprise mogul Ong Sam Leong changed into stated to have tapped the primary tree at his new Bukit Panjang Rubber Estate, which turned into located at the 101⁄2 milestone of Bukit Timah Road. That such estates had been likely a defining characteristic of the then Bukit Panjang landscape is likewise counseled by means of a Malaya Tribune document of 1916 announcing the public sale of some other possibly comparable rubber and coconut property at Chua Chu Kang Road close to the Bukit Panjang Railway Station.

Phoenix Residences Near to Cluny Road

Situated near today’s Bukit Panjang Post Office near Phoenix Residences , the now defunct Bukit Panjang Railway Station become also integral to the city’s fast boom within the early 1900s. Constructed as part of the Singapore Railway in 1903, it was by 1912 integrated into the Federated Malay States Railway. This supposed that it’d were feasible to continue through educate from Bukit Panjang to Holland Road, Cluny Road or maybe Kuala Lumpur. According to a notice published in the Singapore Free Press and Mercantile Advertiser in 1910, trains had been scheduled to name at Bukit Panjang station up to five instances daily, sporting now not most effective passengers, however additionally items, mail, and even stone from the Mandai Quarry. In truth, an early description of Bukit Panjang as a as an alternative unremarkable locale is furnished by using a Straits Times reporter protecting the opening of the railway line in 1903:

The engine near to Phoenix Residences OKP Holdings whistled shrilly and in a couple of minutes drew up at Bukit Panjang, a small station no longer quite entire yet, of the Cluny Road type. Here, some Tamil ladies had been noticed carrying baskets of gravel on their heads, the gravel being spread about the floor of the station. A few Chinese coolies got here on board here and the train become soon dashing on its manner.

Penrose at Aljunied Drive by City Developments Limited at Aljunied MRT Station

There is no question that Singapore is a wonderful place to live. It continues to grow in population by leaps and bounds, and as a result of that the property developers have to be relentless in finding new land for developing housing. One area that they have had their eye on for several years now would be in the Penrose neighborhood. The intersection at Geylang and Sims drive was recently purchased, and property development officials are celebrating the move because it has 175,000 square feet of real estate purchased for the excellent price of $732 psf per plot. Moreover, the land has the potential for 570 units of housing, and it is close to several public transit stations as well as being just a quick 15-minute drive to Singapore’s Central Business District. Here are some extra characteristics of this appealing plot of land:

Penrose is close to the Aljunied MRT Station.

This 99-year leasehold agreement is going to be turned into a city fringe development at a selling price of $1,400 psf. Additionally, Penrose will have units with an average size of 85 square meters. It is going to expand on some of the amenities that are already present at the property, which include advantages such as a swimming pool, indoor gym, guard house, clubhouse, tennis court, children’s playground, BBQ pits, and a sun deck. Besides this, the Penrose is not far from the Aljunied MRT Station!

Penrose is going to be great real estate for families. One of the main reasons for this is because it is in close proximity to many different schools, including notable examples such as the Geylang Methodist School, the Kong Hwa Primary School, the Cedar Primary School, and the Canossa Catholic Primary School.

Geylang at Penrose has undergone an immense transformation in recent years.

The Singapore suburb of Geylang used to be a fairly undesirable place, especially in the Penrose neighborhood. It was littered with night entertainment spots and had a reputation for being a sleazy place that wasn’t very family friendly. However, this reputation has slowly changed due to the fact that the city fathers have invested $2.2 billion into the neighborhood to transform it into a sought-after fringe-city area. They are seeking to bring out the charm, character, and eclectic architecture of the city and make it appeal to new generations. Moreover, there are many other residential developments in the works besides the plot at Penrose.

There is an added benefit to Penrose being close to the Aljunied MRT station. This public transportation center is just one stop away from the Paya Lebar MRT station, which is one of the main interchanges for gettng around throughout the entire city-state of Singapore. The future residents of Penrose will also be thrilled about being so close to shopping districts such as the Paya Lebar and Sims intersection. Singapore residents have access here to great shopping options such as the One KM Mall, Kinex, City Plaza, the Paya Lebar Square, Guillemard Village, Grandlink Square, and Tanjong Katong Complex.

The Penrose location is near restaurants, eateries, and Hawker Centres.

This Penrose location will have many nearby restaurants available, including options that will include signature dishes such as Frog Porridge , 328 Kong Laksa, and many different Hawker food varieties in the Hawker Food Centres. This area also plays host to many different cafes, incluiding the notable choices of the Brawn and Brains Coffee Shop, which is an excellent to get your coffee fix and to get a nice pastry snack.

Along these same lines, you will find a lot of food markets near this new area as well. Examples include the Sims Vista Market and Food Centre, Upper Boon Keng Food Market Center, the MacPherson Market and Food Centre, and the Circuit Road Food Centre among many others.

Finally, the residents at these Penrose Condos will be living close to several different parks, sports centres, and jogging and walking trails. They will be able to find many more amenities for their morning exercise routine.

All in all, these Penrose Condos will be a great place to live and they are going to be a great investment for property development professionals.