The contracted builder is licensed and experienced, having completed similar residential jobs since establishment. The development is also well insured.
Ended
Melbourne
|
Victoria

Albion

The contracted builder is licensed and experienced, having completed similar residential jobs since establishment. The development is also well insured.

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Project Details
S$ 1.34 M
Funds Invested
3.47%
Nett Interest Rate Per Annum
9
Tenure (Months)
Monthly
Repayment Scheme
May 20, 2022
Loan Start Date
February 19, 2023
Loan End Date

Project Description

Project Location

The residential development is in a small, well-established residential suburb in Melbourne.

The property is located within a kilometre of a train station and shopping centre. The surrounding area is composed of low-density residential housing with some sites approved for medium density housing.

Project Development

Three affordable 3-bedroom townhouses will be built. No properties were pre-sold as the Sponsor intends to retain the properties to rent out and will re-finance the construction debt upon completion.

Planning approval has been obtained and the required start and end dates for construction are October 2023 and October 2025 respectively.

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