Image used with permission from the administrators of My Exclusive Condo and the developers of Skies Miltonia, TG Development.

Skies Miltonia Townhouses Sales Relaunch Offers Foreigners a Chance to Buy Home In SG

A stack of ten 4-bedroom townhouses located at Miltonia Close in Yishun has been relaunched by TG Master. The 5-storey townhouses cover large floor areas of 4,672 sq ft and are all pool-facing; each also comes equipped with a private lift.

OTHER UNITS AT SKIES MILTONIA SOLD

In addition to the townhouses, Skies Miltonia also comprises of another eight 13-storey buildings housing a total of 410 one-bedroom to four-bedroom condominium units and penthouses. 405 of these apartment units have already been sold.

FOREIGNERS CAN NOW OWN A LANDED HOME

Skies Miltonia is a mixed development that was one of the last few that were given permits by the Urban Redevelopment Authority to build strata landed houses with condominium status. It managed to secure the permit to do so before a new rule took effect in April 2012 that halted any more mixed development projects.

The townhouses made available for sale at Skies Miltonia means that foreigners can now own a landed home even though they are generally not allowed to under the Residential Property Act because although these waterfront villas are strata landed houses, they are essentially a condominium property due to the property being a mixed development.

COST OF OWNING A WATERFRONT VILLA AT SKIES MILTONIA

Prices for each townhouse at Skies Miltonia, conveniently located near Khatib MRT station, will set buyers back about $3.003 million (about $643 psf).

FLEXIBILITY IN PAYMENT

TG Masters has offered potential buyers an added incentive – the Enhanced Deferred Payment Scheme. Under this scheme, buyers need only put down an option fee of 20% for a two-year option, during which the buyer need not pay mortgages, maintenance fees or property taxes. Master tenancy of the unit will also be granted to the buyer.

 

For more information on the sales relaunch of Skies Miltonia and to make an appointment to view a unit, head over to the Official Skies Miltonia Website.