These are typical questions one would ask when
embarking (or going through) a building project?
AAPAC DESIGNBUILD
can help you to answer them. We have
a series of article with a lot of tips and guidance on each of the
above topic. Please email
us for your copy of article.
Welcome to
AAPAC DESIGNBUILD Project
Tips
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FINANCE - THE
MOST IMPORTANT ISSUE?
Any one who has gone through the exercise of arranging
construction loan with a bank nowadays will know that it is much
more difficult and involved compared to arranging a normal home loan.
Since the global financial crisis a couple of years ago, a
lot of the non-bank lenders have disappeared from the market.
There is less competition on the market, which is basically
controlled by the four big local banks. Among them, two will
take the majority share of action. But all is not gloom.
If you know the rules, you can still play the game.
The following rules are important for
obtaining construction loan:
First, what is the fair value of the finished product?
Second, what is the fair property value of the existing property?
Is it a raw land or an old house waiting for renovation?
Third, what is the process of transforming the existing property to the
finished product?
Four, what is the fair cost of this "development" process?
Five, who are the parties to manage and to implement this
process?.........