Hong Leong Finance (HLF) is offering an exclusive financing package, with rates from 0.98 percent a year, to buyers of The Residences at W Singapore Sentosa Cove.
City Developments Ltd (CDL), a unit of Hong Leong Group, is developing the 228-unit luxury project.
According to HLF, its home loan offerings feature some of the best interest rates in town.
“With an active property market, customers are no doubt looking for good home loan packages,” said Mr. Ian Macdonald, president of HLF. “Our priority is to cater to their needs with competitive offers and quality service.”
Buyers at The Residences at W Singapore Sentosa Cove will enjoy a home loan interest rate of 0.98 percent in the first year, 1.58 percent in the second year, 2.58 percent in the third year and 3.28 percent, subsequently.
Customers can also avail a one-year a la carte membership, which offers dining privileges at F&B outlets under the Millennium & Copthorne International group, a hotel unit of CDL.
HLF said that efficient services and competitive rates have helped it increase its share in the home loans market. The finance company added that buyers of HDB, private and good-class bungalow properties can select from variable rates of as low as 1.23 percent, 1.48 percent and 1.13 percent a year, respectively, under its packages.
19 units of The Residences at W Singapore Sentosa Cove were sold at $2,500 psf to $3,000 psf on April 5, according to CDL, which marketed the project in Hong Kong and Singapore. CDL also intends to hold roadshows in Jakarta and Shanghai.