Upcoming Gem In The North: The Commodore condo By JBE Holdings

By Hora Kou

The Commodore condo at Yishun Canberra, the upcoming remake of Canberra Condo, developed by JBE at the District 27 site, will hit the market in the third quarter of 2021. After five bids, JBE was awarded the contract for the 133,153 sq m Canberra Drive Parcel A site with Oasis Development having the highest bid of $129.2 million (£64.4m). Parcel B received four bids in 2020 from UOL (controlled by United Venture Development), which placed the highest bid at $270.2 million (65.0 PSF / PPR). Canberra Drive Plot A can accommodate 220 residential units.

The Commodore condo has 220 units in total. Its underground car park is full of condominiums. Commodore Canberra is a 2-minute walk from MRT Canberra.

The Canberra MRT

Commodore residents enjoy the convenience of new amenities such as Canberra Plaza, a neighborhood center with shops, supermarkets, grocery stores, fortification centers, childcare centers and education centers. Nearby amenities such as restaurants, entertainment and shopping centres are also within walking distance.

The term of office is 99 years and begins on 9 March 2020 with a temporary work permit, which should be completed by 2025.

As already mentioned, The Commodore condo at Canberra is only 200 metres from Canberra MRT. If you stay with Commodore Canberra you will benefit from new railway lines and developments. From MRT you have five stops at the Bishan Interchange where you can access the Circle Line as well as stops at the Downtown Line and the North East Line. They will also have three stops at Woodlands MRI station, where the long-awaited Thomson East Coast Line will be built. By 2024, the park will be within walking distance of the northeast side of Singapore.

Bus stops at Commodore Canberra and Canberra Drive are 169, 169A, 117 and 883. The 169 runs in two directions from the Woodland Temporary Interchange to the Ang Mo Kio Interchange and vice versa. If you take bus stop 169 to the condominium, you can take the Mayflower Secondary School and Ang mo Kio Primary School to Yishun MRI Station.

Bukit Canberra is a 5-minute walk from Commodore Canberra. In the first half of 2020, residents will be in Bukit Canberra, a newly built condominium in the heart of the CBD. The building is formed around the existing site, highlighting hilly characteristics and lush vegetation, and integrates various facilities to enhance existing greenery and biodiversity, so that users can enjoy its peculiarities and natural environment while bringing with it flora and fauna. In this gated community, Commodore residents can look forward to facilities such as a sports hall, falconry centre, polyclinic, senior citizens centre, green spaces, community agriculture and lifestyle-related amenities for their lush and natural surroundings.

The Commodore Location Map taken from https://www.newlaunchportal.com.sg

Running trails with varying degrees of difficulty lead through the various scenic junctions and offer a variety of experiences. Traditional orchards and forests present a variety of fruit trees and food crops so that the community can grow its own plants in the community garden. A forest buffer on the edge of Bukit Canberra has been preserved in line with the existing vegetation on the site. The forest was planted to mature into a secondary tropical rainforest with flourishing biodiversity, which in a certain way complements the surrounding national parks.

Once completed, the North-South Corridor (NSC), Singapore’s longest priority transit corridor with dedicated bus lanes, cycle and pedestrian lanes, will connect the northern region with the city centre. Commodore residents will enjoy the benefits of the corridor by serving the public, bus commuters and active mobility users (pedestrians). The corridor has been designed to support our Car-Lite vision and provide bus commuters with a refreshing commuter experience. The corridor will reduce traffic on CTEs and major arterial roads such as Thomson and Marymount roads.

With dedicated and continuous bus lanes in conjunction with right of way signals, bus commuters can expect an average travel time saving of 10-15 minutes. Active mobility users and pedestrians will also benefit from NPCs cycling and walking trails. These will connect park-and-connector networks, local cycle lanes and HDB cities along the entire corridor, improving connectivity for both active mobility users and pedestrians.

The Government Land Sale (GLS) program attracted a total of five bids, with the bid for MCC land at $124.9 million. Oasis Development Pte Ltd and JBE Holdings Group emerged the winners from the GLS by submitting the highest bid of $129.2 million, equivalent to 64.4 feet (PSF / PPR) of land. They are the developers of Commodore.

JBE Holdings is a renowned boutique developer with a rich portfolio of luxury developments, including the luxurious SkyParks Residence EC. The Commodore is a future residential building with 220 residential units on five floors with a maximum height of 40 meters. It is the smallest of the two on the Canberra Drive site and provides developers with a great opportunity to develop an exciting product. With their level of experience the inhabitants of the Commodore look comfortable enough to stay there.

Life in Commodore offers you easy access to a wealth of amenities. The accessibility and connection to the MRT in Canberra is excellent, the MRT station is just around the corner. The Commodore is located in a strategic location within walking distance (6 minutes) of the Mrt, which means a smooth path for the residents. The proximity to the MTRs North and South MRT lines allows residents to commute to the CBD in less than 30 minutes.

Commodore residents have two ways to get into the city centre. Bus stops are armed to access the CBD from Canberra Drive. From Canberra Drive, car owners are connected to 2 Yishun Avenue and Sembawang Road, two streets connected by the Seletar Expressway (SLE). The other major expressways (BKE and TPE) are also accessible.

Seletar Expressway

Sembawang and adjacent areas such as Upper Thomson, Senoko, Admiralty Woodlands, Yio Chu Kang and Ang Mo Kio are within easy reach. The upcoming North-South Corridor (NSC) is due to be completed by 2026 and its addition will reduce congestion on SLE, CTE and Lentor Avenue and facilitate faster access to the area.

Interior Design in Many Ways

By Hora Kou

To have a beautiful interior design, a large part depends on your interior designers. Networking with colleagues is a great way to get ahead in the internal design field. Find like-minded professionals, keep up with current design trends, and follow work you admire while maintaining your style.

In a word, education is the crucial difference between interior designers and interior decorators. Anyone who likes to play with colours, fabrics, and textiles can become an interior designer in today’s world simply by printing out business cards and promoting them to clients. It’s not the wrong way to earn an accredited education, but an association or bachelor’s degree must work in the interior design field. 

There are many ways to specialize in interior design. There are quite a few specialities and niches that go beyond simple design tasks to improve the quality and functionality of interior spaces. As someone who has served as a professional interior designer for many decades, I have designed and built residential projects. 

Professional designers are expected to be proficient in technical drawings and space planning, read blueprints and know building codes, accessibility standards, inspections, and regulations. An added advantage is that design software (CAD) can be used. 

Interior designers work with clients to determine the best use of a space-based on esthetic decisions and structural integrity. Many schools offer a four-year degree in design with two years of accreditation, and you can study any subject to supplement your degree classes and certificates. In short, this is a career you will love, and it is a promising career. 

You can also advise on styles and the use of artwork, flooring, and window treatments. Commercial interior designers advise and assist clients seeking space planning and interior design services for offices, restaurants, hotels, entertainment centres, community centres, studios, shops, boutiques, museums, banks, schools, and libraries. Interior design services for public spaces and commercial buildings are referred to as commercial interior design. 

According to designer Joelle Nesen, there are no rules for interior design, but anyone can apply a few tips and tricks. To find residential design nirvana, follow these eight basic principles. We spoke with Nesens and Jenny Guggenheim of Guggenheim Architecture & Design Studio (Nesen is the founder of Portland-based Maison Jenny Guggenheim) for insight into the interior design process. You can do interior design well, Joelle says, but only if you like the space. 

According to American Institute by architects, space planning involves blocking out interior spaces, establishing traffic patterns and developing plans for arranging furniture and appliances. The goal of space planning is to formulate efficiency. Nissen and Guggenheim advise that any interior design project begins with assessing the functional deficiencies of the spaces and how elements can be manipulated to fit into people’s lives. When it comes to interior design, “space planning comes first,” Ness says. 

High-quality interior design is based on a combination of these seven factors. If you know how to mix, match and balance colours, lines and spaces, you can transform your home into something you never imagined. Visit our Interior Design page to learn more about our process. 

To learn more about how beautiful custom flooring can express your style and help you save money on your energy bills. If you need some tips, go to the Design Finder tab, where you can compare personalized designs with ideas. Let colour, shape, space, texture, patterns, lines, and light guide you into the world of interior design.

Be purposeful with your additions, and make sure they fit the overall theme and style of the room. It’s hard to keep up with the education and experience of a professional interior designer, so use these suggestions to make your home more purposeful. 

We interviewed interior designers to find out how to design your home like a pro using their methods. The truth is, developing a Pinterest-perfect space isn’t easy. An interior designer takes time, money, and training. Interior designers make styling a home easy, but in reality, they use strategies and formulas to combine just the right amount of colours and patterns for the perfect furniture, flooring, and accessories. The layout and construction of your home will determine which style best suits your space. 

Click here to take a look at some of the transitional furnishings. When it comes to defining different interior design styles, one of the most popular styles is traditional interior design. Traditional designs are inspired by 18th and 19th century England and France. Traditional interiors use dark wood tables and chairs and are very detailed. 

It is essential to let the furniture and textiles do the talking. Let’s start with one of the most popular design styles in the world today. This is what we wish to call the happy medium of interior design. It is the perfect blend of traditional elegance and modern lines and textiles. It can be a style for you where classic design is stuffy and contemporary is out of your comfort zone. 

Scandinavian design is one of the most well-known interior design styles. Wood and ash are the colours of Scandinavian interiors. Nordic rooms create a relaxing and inviting atmosphere. Key features include white walls, large mirrors, and cosy textiles. 

Hardy Way: Get your guests to install stylish, elegant hardwood floors that showcase rare woods in their interiors. You’ll need to hire a professional artisan to install this flooring, but it’s well worth the investment. The effect of classic flooring is not only beautiful, but it certainly increases the value of your home. 

Plants are a great way to accent your home. If you want your interior to stand out, decorate your home with large plants. Arrange a few large plants in the hallways or place them in your living room. Plants don’t cost much money, but they make for a great idea and look to increase your interior design budget. 

The interior designer’s job is to manipulate the colours in the interior design to create the feeling you want for your home. Ambient lighting is the mood lighting we are talking about. Like traffic lights that control colours, the interior design conveys a specific message or mood, and our brains are wired to perceive that mood in a certain way. Ambient lighting emphasizes what helps with this, and it enhances the entire space. 

Think of it as learning the ingredients for your favourite recipes that help you cook. In the same way, learning the design elements that fit your favourite style helps you master decorating. The same goes for interior design, where the illusion is created by balancing different aspects.

5 of the better ways to pay off your mortgage faster

By Hora Kou

While flats have helped keep housing affordable in Singapore, these flats still cost hundreds of thousands of dollars, which means most people have to take out a home loan to finance their purchase. Below, we discuss different loan options for buying a flat, depending on whether you prefer fixed or variable interest rates.

Why you should pay off your mortgage

Taking out a mortgage is a big decision because it commits you to a repayment plan. It’s possible to switch to another mortgage after three, five or seven years, depending on the individual. This means that a big flat purchase comes with a significant level of financial commitment. A suitable mortgage can help pay off your home over a more extended period, but interest payments are not necessarily the best way to repay the loan. If you prefer not to take on long-term debt and don’t mind committing to a fixed interest rate, you can make your monthly mortgage payments even more manageable. A fixed interest rate provides a steady income even if the interest rate on your home loan increases.

How to pay off your mortgage

To pay off your mortgage, you need to make a monthly loan payment to the Mortgage Saver Account. This account allows you to automatically collect your mortgage payments in small instalments that you can use to repay your loan. However, if you plan to pay off your mortgage in full, you will need to opt for a less frequent fixed-rate repayment plan, which may mean a significantly higher monthly amount. Fixed-rate loans In the current market, many mortgages in Singapore are fixed-rate loans. This means that the annual interest rate is fixed for the life of the loan, meaning that the loan repayments are fixed and cannot be reduced or increased.

Ways to repay your mortgage

There are two ways to pay off your loan faster – interest-only (IO) and repayment-only (PO). Interest-only, you only pay interest on the outstanding loan amount, which means you need less money to repay the loan. Interest-only mortgage People with IO mortgages pay off their mortgage over a more extended period. For example, a 51-year-old resident who buys an $820,000 flat will pay off her $1 million debt in 22 years. Over the next 18 years, she will have to repay an additional $151,000 as her loan has a fixed interest rate of 3.08% per annum. She pays only an additional $7,210 per year with the interest-only plan because the interest is not compounded.

Conclusion

Buying a flat can be a significant investment, but there are specific considerations to make before buying and applying certain loan options. The lending process also takes a long time. Although your mortgage application will likely be approved quickly, the process is still a major headache. The good news is that you possess various options to consider, and there is no right or wrong decision. It pays to complete your homework and consult with a real estate agent to find the right property for you. To discover more about the different loan options for buying a flat, visit a mortgage broker in Singapore today

Earn Your Money Through Real Estate Investment

By Hora Kou

Anyone who has experience as a real estate investor knows that the secret to earning high returns in real estate is to buy property at a fair price or a discount. You don’t have to pay a dealer to expect a good return. The selling price for an inexperienced homebuyer buying a property to live in is illustrated by up-to-date sales of similar properties in the area.

The way an investment property is used can have a significant impact on its value. Investors should conduct a study to determine the best and most profitable use for the property. These is referred to as the properties with the highest use-value. An investment property can generate income, but it is not a primary residence.

Investors often use an investment property in this manner. For example, suppose an investment property is to be used for commercial and residential purposes. In that case, an investor weighs the pros and cons of both uses as they determine the highest potential return.

An investment property is a property purchased to earn a return, rental income, or a future resale of the property. Investment properties can be long-term endeavours or short-term investments. Individuals can hold real estate, investors, investor groups, or corporations.

Real estate investors see significant returns on investment properties in today’s market, so savvy investors calculate their approximate return (ROI) when purchasing a property. To calculate your ROI (real estate investment potential), follow the steps below.

Suppose you buy a property worth $200,000 that you rent out for $1,000 per month. Assume the property costs $500 per month in maintenance fees and taxes. Your total potential income from the property over $1,000 for 12 months would be $12,000. Subtract your operating expenses, and your unlimited rental potential is $10,000 ($6,000 – 6,000 net operating income).

Real estate is the best way for savvy investors to diversify their portfolio. The biggest bonus of real estate investing is the cash flow or monthly income that investors can generate from renting out properties to cover their expenses. Your cash flow will grow over time as rents increase with inflation and your mortgage payments stay the same.

The best tax break is that real estate investors can deduct all sorts of expenses from their taxes, including mortgage interest, depreciation, property taxes and more. Unlike the low-risk stock market, the real estate market is not subject to the same volatility as the stock market. You won’t have the same earning potential, but you can expect a steady increase most of the time. With a steady cash flow, you’ll have enough rental properties to go around, and you’ll generate a constant source of income for your business.

Fixing up a property isn’t easy, but essential maintenance is a regular task you should keep up with. Real estate investors can outsource maintenance and management to companies at no additional cost. After all, real estate is a significant investment, especially over time.

The most solid ways to make money in real estate is to start investing early. Though the range of maintenance can vary from low to high. Many of the most significant real estate investments don’t require tenants to show up. The problem is that many new investors don’t know how to invest in real estate.
Compared to mutual funds, REITs are companies that own commercial real estates such as office buildings, retail space, apartments and hotels. They also tend to pay high dividends, making them a typical investment for retirement. Investors who don’t need or want regular income can reinvest dividends to grow their assets. REITs enable you to invest in real estate outside of the physical real estate.

Even if you don’t buy physical real estate, investing in real estate is a strategy that can help you have your cake and eat it too. Many investors who want to look at and touch rental properties buy rental properties and choose a property manager to perform the heavy lifting. Horton (DHI), Pulte Homes (PHM) and many others can be discovered independently.

Last but not least, let’s not forget that new companies are popping up to help investors get involved in real estate and get their hands dirty. Either way, hard money loans for real estate investors are a strategy to consider. Numerous ways to invest in real estate even if you don’t want to deal with the property. But please do remember that and all the headaches that come with it.
If you don’t like the other ideas on this list and you have the money, consider giving some hard cash as a loan. In my experience, all have been positive. I have done due diligence to make sure you know what you are getting into before investing in real estate.

If you don’t have the expertise in DIY investing, you should invest in a property REIT or crowdfunding platform. Investment Decisions The most suitable real estate investments are the ones that benefit you as an investor. Consider how much time you have, how much capital.