Growing your wealth with Normanton Park

Kingsford Huray Development’s Normanton Park Condos is a unique development. The company has organized these units since 2000 due to their dependability and quality.

Kingsford Huray Development is renowned for its innovations in real estate development management, technology, and production. With the reopening of Normanton Park Singapore, residents can discover a brand new residential complex in Singapore’s 5th district.

A collection of historic homes constructed by the Department of Defense has been transformed into an incredible 1,826-unit complex featuring one-bedroom apartments, five-bedroom units, and country houses. Strata Land Homes is densely packed with condominiums and offers 24-hour security, privacy, and homeland security. Normanton Park is a haven for physical activity, design, and total relaxation.


Over 100 facilities are available at Normanton Park, including a 150-metre swimming pool, therapy pool, basketball court, rejuvenation pavilion, and eight commercial units. The park’s effectiveness is enhanced by elegant lobby services and a variety of other services. The park, which is located in Singapore, contributes to economic growth.

Normanton Park, as the heart of Jurong Regional Centre, is home to a number of significant construction projects. The Singapore Science Park is located in one of the parks, close to One North Business Park, a research and development and high-tech cluster focused on biomedicine, information mobility, technology, and media.

Additionally, the park will reopen Paradise Shopping, a six-story shopping mall, as well as Clementi West Coast Plaza, Anchorpoint Shopping Centre, Jelita Queensway Shopping Centre, and Harbourfront Centre.

Rental Opportunity

Given the scarcity of condominiums in One North and Science Park, rental demand is strong. Many expats choose condos on the west coast that are less than ideal and lack amenities comparable to Buona Vista in Queenstown. This shortage appears to be supporting the Rochester Residences and One North Residences’ increased rents.

If you are an international buyer, it is critical to consider a variety of factors when searching for your ideal home, including employment and obtaining a work permit. New benefits accrue as a result of urban regeneration, the emergence of the next generation of economic centers, and a number of significant development plans.

Facilitating transportation in the area and increasing public transportation accessibility bodes well for property prices and rents in the surrounding areas, particularly in the Normanton Park condominiums, as Singapore pursues its vision of a car-friendly city.

If you’re looking to buy a condo in Singapore, Property Guru is the best place to start. It is Singapore’s and Malaysia’s most popular property search engine, featuring condominiums in desirable locations such as Normanton Park.

Good Location

Automobiles are prohibitively expensive in Singapore, so traveling by reliable and efficient public transport is the first choice. It’s a good idea to look for a condo that’s close to a public transportation station.
If you purchase a condo in Normanton Park, the architectural designs serve as a representation of the building’s quality and reference points.

The three-bedroom unit in Normanton Park is similar in size, measuring 1,098 square meters, while the Kent Ridge Hill residences measure 1,076 square meters. At Normanton Park, I prefer that because you can keep it surrounded by the kitchen.

One of the largest is the Kent Ridge Hill residence’s one-bedroom work area, which is more of a work area than a room in the three-bedroom unit. In comparison, the 1 bedroom in Normanton Park features a sizable work area that can easily accommodate a Murphy bed if used as a spare room.

In comparison to the 4 bedroom residence, the 2 bedroom apartment has a shorter kitchenette and a smaller dining area, while the 4 bedroom residence has a longer kitchenette that separates the food (when it eats) from the living.

Size of condo

Kent Ridge Hill Residences are larger than Normanton Park, measuring 797 square meters for a two-bedroom unit, in part due to the latter’s larger balcony. The Kingsford development has a strong track record of attracting competitive prices for former residential units, with Normanton Park developers selling a third of the 1,862 units on the day of the development’s launch. Kent Ridge has a scarcity of housing units due to the MRT’s backlog.

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Investing Into Real Estate With Your Children, Should You And How?

It can only be disposed of if it is transferred to the children’s estate in probate. If you transfer entire ownership of your home to a child or family member and they become heavily responsible for a serious accident, a lien can be placed on the home. Child’s insurance does not cover the child’s liability, and a family member can file a lien and force the sale of the home. If you transfer your home to your children and they die, ownership of the home passes to their estate. 

At the very least, you should not use a sale or leaseback strategy if your parent has a revocable living trust to ensure an orderly transfer to his or her family and avoid discounts in states where the cost can be substantial. The problem is more complicated if your child does not have a will and is passing to creditors or other liabilities. If the parent’s home is about to be paid off debt-free, equity is an easy target for lawsuits in many states. 

Believe it or not, it can be a smart move to buy your childhood home and rent it to your parents. In this simple transaction, your parents gain immediate access to their equity, stay in their home, and receive a generous new tax deduction. If you have an alternative goal, buying a home and renting it to your parents could be a smart strategy. 

In fact, depending on their particular health and financial situation, there are several ways to handle a family home. The benefits of buying a home for a child and getting financial assistance to buy a home are many. 

Another benefit of buying a home for a child or getting financial assistance to buy a home is that you can give them tax advantages by owning a home and help them build a good credit history. In tough economic times, this assistance can help them break out of the rental cycle, build equity, and start a life as an adult that they might not otherwise be able to achieve. Some parents worry that helping a child buy a home will put them in financial dependency, but the opposite is true. 

In a time when interest rates are low and the real estate market is full of great deals, it makes sense to just help a child take advantage of something they may not always have. This can give your child a great financial advantage and take the pressure off of school for not being able to own a home in the area where they live. It’s important to remember that this dynamic can affect your relationship, and while your child should be grateful, you don’t want to make them feel guilty for holding the house over their head. 

A child may feel like they are getting too much for too little if they receive a gift from a parent or are purchased from a parent who has more control over their finances. 

If you have the money and want to help your child buy a house, many experts recommend giving it to them unconditionally. Four out of ten parents surveyed said they wanted to help their child buy a house. This situation highlights how dangerous it is to lend money to a child and then go against it. 

It’s hardly surprising that more and more parents are buying homes for their children. This year’s survey by Clydesdale and Yorkshire Bank shows that 84% of first-time buyers are supported by parental assistance, up from 38% in 2005, and four in ten parents surveyed – more than double the number who were supported by their parents when buying their first home. But before parents decide to take this step, they should be aware of the legal and financial implications of buying a home for their children, as it could cost them dearly in the future. 

Sharing a real estate investment with your child can create more problems than it solves. You may end up having to pay inheritance tax on the part of your home that has been passed on to your child. 

This can be avoided if parents transfer money into their children’s account a few months before applying for the loan. Similar to personal loans, parents can also choose to give their children an annual or periodic share of the equity. The structure of a personal loan can be attractive to you and your child.

For example, parents can gift up to $60,000 in equity annually, but married couples should not exceed the annual gift limit. This type of gift requires an annual appraisal so parents know how much their gift is worth with additional expenses. An equity sharing agreement is a great way for parents to help their children buy their own home with their original contribution and share in the home’s reassessment. 

If the parent opts for a low-interest loan, the child effectively becomes the mortgage lender, and the parent enjoys a portion of the income from the monthly payment. If the child owns an interest in the home, he or she can deduct it. Assisting with the mortgage payment may make more financial sense than giving the child a monthly housing allowance to pay the monthly rent. 

The first approach provides greater legal protection for the asset if your child doesn’t sell the house to pay for a trip around the world, but it’s not an asset that would benefit a divorcing spouse, and it could prove costly from a tax perspective. It’s also not a good idea to take out a loan on the primary residence, which could decimate savings accounts. A home purchased by a parent as a second home investment requires a large down payment, so it may not qualify for a generous first mortgage, such as a loan secured by the Federal Housing Administration (FHA).

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Are Rental Properties A Good Way To Grow Your Money?

A better way to measure supply and demand is to balance the vacancy rate. A high vacancy rate means that there are more homes available in the short term than are in demand. 

However, in a low vacancy environment, landlords and sellers can lower their prices because they are likely to have many potential buyers and renters competing for the same home. In this environment, landlords have an incentive to lower rents or make other offers to get tenants into the apartments. This change in the composition of rental housing has important affordability implications, as apartments in smaller multifamily buildings tend to rent more affordably than single-family homes and apartments in larger buildings. 

Small rental properties are attractive investments for large landlords, individuals who own a few rental properties, and additional sources of income for small, privately owned family businesses. Large rental properties are often owned by specialized companies called Real Estate Investment Trusts (REITs). These develop, own and manage a wide range of properties for insurance companies and pension funds that hold shares in apartment buildings because they need stable assets with long time horizons to meet their return plans. The concept is to build properties that can be rented out over the long term. 

The same concept of building rental housing is being applied to single-family homes today. Real estate investors know that demand for good rental properties is surging in many markets across the United States. The U.S. Census Bureau reports that homeownership in the United States is declining, resulting in rising vacancy rates and increasing median rents, especially in the midst of the current recession. Savvy real estate investors and developers are taking advantage of the opportunity created by the housing shortage and changing demographics to meet growing demand by building and renting single-family homes. 

A new study shows that builders in the U.S. are on track to complete more new homes in 2020 than in any year since 1980. The lack of meaningful new apartment construction since 2008 has created a supply-demand imbalance that, combined with the arrival of 80 million renters who prefer the flexibility of renter “lifestyles,” is likely to create a monstrous multifamily housing market. Simple economists say investors are in for a sweet ride over the next few years. 

The cyclical nature of housing could prove to be the endgame for the looming housing cost dichotomy and the demise of apartment operators, meaning that as renters leave apartments to buy condos, developers and investors will drive them out by trying to convert rental buildings to condos along the way. The gap between the expected number of buildings and the amount developers must pay to lenders and investors could halt affordable housing development before it even begins, leaving millions of low-income families searching for safe, affordable housing with fewer options. In many places, rents paid by poor families are too low to cover the cost of operating housing, so developers build it for free. 

Here are five reasons why your local developer might be building homes you or your neighbors can’t afford. Fannie Mae reports that the 2017 average was $192 per square foot in multifamily housing. The price of a condo per floor is determined by the actual cost of building new homes. 

The median price for a condo in Yishun is $1231,300, while the median price for a single-family home in the county is $1352,500. Urban infill is a major factor in increasing housing numbers in counties and areas that are considered up-and-coming. 

Simply put, when renters choose standard units, they tend to have more single-family homes and benefit from a well-run, well-appointed community. In the suburbs, 90% of lots are reserved for single-family homes. Large apartment complexes in such single-family areas allow developers to build large, contiguous lots that are cheaper to build per square foot. 

One of the fastest growing developers in this niche, Nexmetro, is marketing its rental brand, Avilla. The professionally managed and well-appointed development offers two-, three- and four-bedroom townhouses or single-family homes with upscale finishes, high ceilings and private courtyards, with each unit one floor higher than a rental home. Unit finishes and fixtures are higher than typical homes, including stainless steel appliances, quartz countertops, washers and dryers, and hardwood floors throughout. 

This is no longer a condo or apartment building where tenants don’t have to worry about maintenance and upkeep. Developers offer many other perks and benefits to individual owners. Owners point out that they have to compete with developers if they want to sell their units.

Affordable financing, combined with multi-generational demand for rental housing, has led to impressive returns on single-family home construction and rentals. A recent Forbes article shows that returns on home construction are higher than those on apartment construction. 

New investors are designing multi-family homes as a mix of single-family homes and condominiums. With mortgage rates at record lows and rental prices on the rise, this offers first-time buyers a number of advantages over multi-family homes. These investments are perfect for investors looking to expand their real estate investment portfolio or take their business to the next level, and offer an option for investors looking to invest in mixed-use apartments down the road. 

More and more condo developers in New York City are becoming landlords in the face of a sluggish sales market and high-priced apartments that go unsold for months or even years. They see rental income as a lifeline to cover project debt and other costs like property taxes. Tenants in such developments include professionals and millennials moving in and out of families, and those whose lives go from divorce to empty nesters. 

Cairo’s new Park 17 apartment building at the intersection of East 17th and Park Avenue has 12 leases. The building’s leasing was helped by state-mandated store closings in the spring and technology that allows interested tenants to take virtual tours. The 35-storey residential tower Kairoi wants to build at Speer Boulevard between Larimer and Market streets is still on hold, according to Kasparek. 

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The Many Ways Of Growing Your Wealth

There are numerous ways to build wealth outside of the stock market that it’s not even funny. One of the most popular ways to build wealth outside of the stock market is through real estate. However, there are also ways to build wealth outside of the market that can be used instead of or in concert with other investments such as 401(k), traditional Roth IRAs, taxable investment accounts, etc. 

In this webinar, you will learn what it feels like to be part of a flourishing community of real estate investors, company owners, and entrepreneurs focused on achieving their financial goals by making the five pillars of wealth a reality in their lives. As you begin to build wealth and achieve your financial goals, you can significantly impact and deepen your relationships with family, friends and your community. 

If you’ve ever wondered if digital currencies like Bitcoin and Ethereum are a wise investment group to put your money into, this article might be helpful. Hailed by fans as market-disrupting liberation and demonized by critics as dangerous and volatile, the emergence of Bitcoin and other cryptocurrencies has never left the headlines. Mainstream companies like PayPal and JPMorgan lend legitimacy to cryptocurrency by investing in it, and it fits into their platforms. However, industry experts say it’s still time for Bitcoin to say no. 

Bitcoin is a consensual network that enables a new payment system or digital money. The concept of digital money, such as Bitcoins that people can send back and forth, is not complicated; it is easy to transfer money from one online bank account to another without anyone making the transfer. Bitcoin can be used to pay for physical transactions and other forms of money. 

Bitcoin has gained attention to make money, driving price movements for tradable assets that are digital. Companies like PayPal and Tesla announced their support for Bitcoin as a payment method (1) The price fluctuations are primarily driven by traders seeking alternatives to traditional investments like stocks, bonds, and cash. Bitcoin is money, and money can be used for both legal and illegal purposes. 

It is important to note that owning Bitcoin and other cryptocurrencies is not an investment in the blockchain or its current or future use. The purpose of investing in Bitcoin is similar to any other currency or commodity investment. In short, Bitcoin, like similar investments, has some significant drawbacks when it comes to generating capital gains. 

This means that Bitcoin is different from more conventional investments like stocks, bonds, and real estate. Bitcoin’s high volatility makes it a risky investment, and if you’re not careful, you can lose money. You should not invest in cryptocurrencies because there are no corporate stocks or companies that use Bitcoin. 

Robust investors can reach out to amateur and modest investors and persuade them to invest a lot of money in bitcoin. This can lead to volatility and owners of Bitcoin can make or lose money. 

Bitcoin has all the properties of money: permanence, transferability, fungibility, scarcity, divisibility, recognizability and is based on properties of mathematics rather than relying on the physical properties of gold and silver or on central authority (fiat currency). 

If you felt better, Warren Buffet, Ray Dalio, and many other prominent investors did not buy bitcoin or other cryptocurrencies between 2012 and 2019. Even proponents of bitcoin do not believe this investment is suitable for the majority of people. 

As has been shown with commodities, there is a good chance you will lose money compared to a low-cost diversified investment. Investing in real estate is a complex business, and you can lose money faster than you can make it. Cryptocurrencies are volatile, so it’s easier to sell your investment than to have your money invested.

Mide Nuvigretz, a well-known Bitcoin proponent, believes that the Bitcoin price and the crypto market’s capitalisation will be much higher. Still, given this prediction, he does not recommend investing more than one-third of one’s net worth in crypto assets. The main advantage of bitcoin investing is that you are able to earn huge returns, with gains of up to 200% or more. If you are already invested in the stock market, own a Roth IRA or have maximized your 401 (k) assets, you have money to invest if you follow a permanent cash-to-value policy to maximize your wealth. 

Investing involves risk, which means you can lose money, but the biggest drawback to cryptocurrencies is their extreme volatility. The prices of Bitcoin and other cryptocurrencies are highly volatile, and fluctuations can lead to significant losses. Aside from being a risky investment because investing is difficult due to volatility, Bitcoin and other cryptocurrencies face additional security challenges that traditional assets, like pure vanilla stocks and bonds, do not. 

If you invest at the beginning of 2018 and sell at the end of the year (either in 2018 or on New Year’s Eve), you could lose up to 73% of your money if the Bitcoin price collapses. Not only does your investment currency lose money to inflation, but it also loses money to the bid-ask spread (the price of buying different currencies). Stock prices for real estate, commodities, and more will also rise due to the influx of money.

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