SC Global launches enhanced purchase plan for Hilltops
By Tan Chee Yuen
/ SC Global Developments |
SC Global Developments Pte Ltd has launched an enhanced purchase plan that allows prospective buyers of its Hilltops condominium to earn 10% return per annum on a 20% down payment for two years before completing their purchase.
For example, a 20% down payment on a $3 million unit, or $600,000, would generate an annual income of $60,000 each year for the buyer or $120,000 over two years. The enhanced purchase plan would also save the buyer two years of mortgage payments of up to $100,000.
The units for sale are among 30 owned by SC Global and leased out to tenants. Thus, the 10% yield is secured by existing tenancies. The 30 released units comprise two- and three-bedroom units sized from 800 sq ft to 1,700 sq ft with prices ranging from $2.5 million to $6 million.
Hilltops is a freehold condominium development at Cairnhill Circle. Completed in 2011, the development has 241 units in a 14-storey and two 20-storey towers.
Hilltops is a freehold condominium development at Cairnhill Circle.
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