Why
invest in these Whispering Oaks vacation bungalows? Build
wealth by letting others pay for the mortgage of your top
quality investment. Also:
- The US is the
worlds No. 1 tourism earner, is
politically and economically stable so that your
risks are lower.
- Florida is one of the
3 top growth states in the USA.
- Orlando is the
worlds No. 1 tourist destination with
34 million visitors in 1995.
- Orlando International
Airport is the worlds No. 4 airport in traffic in
1995.
- Continual
expansion
of the Walt Disneyworld (34 million
tourists/year), Universal Studio and Sea World
and other theme parks continually add new
attractions and more visitors. Year 2,000 will be
Walt Disney Mickey Mouse Year celebration and
most rooms have been booked now. Animal Kingdom,
5 times bigger than Magic Kingdom will be ready.
- Freehold
tenure.
Your family owns the land forever, unlike
properties in China, Hongkong, Indonesia,
Singapore and some countries which allow 20 - 99
year leases.
- Timing
& capital gains. The timing is right as the
US is just recovering from recession and
inflation and unemployment rates are low. Very
few Asians have invested in Orlando, Florida,
since most have gone to California. Property
prices are much lower in Orlando and you will
have a bigger scope for capital gains in the next
5 - 10 years. Capital gains estimated to be 10%
per annum.
- Income-producing. Gross rental return
of 21% and net rental return of 12% are realistic
in 1996/97; investors can opt for the
Developers gross rental return of 6%. Acute
shortage of holiday accommodation with kitchen
facilities
in Orlando. 85,000 rooms insufficient for 34
million visitors resulting in most hotels having
80% occupancy in 1996.
- Prime
Location.
The nearer to Disneyworld, the more expensive
income-producing land becomes. This property is
7-minute drive (around 7 miles). Very difficult
for land prices to drop. Your capital
appreciation will be much higher in 5 years
time as land becomes scarce.
In Phase 2 of the
project, the Developer is offering land lots at 6,500
sq. ft instead of 11,000 sq. ft. These lots will be
available in 1998.
FOR
LAST LOTS of 11,000 sq. ft in phase 1, Developer offers:
- Purchase price:
$135,000 (4 bedroom, floor area around 1,400 sq. ft, land area remains
at 11,000 sq. ft). Cash outlay: US$44,000
including $3,500 legal and bank costs. NO other
hidden costs.
- Purchase price of
bigger floor areas. See above.
HOW YOU
GET RENT:
Leased to Florida
2000 Inc. Market rental as projected by Florida
2000 Inc., in 1996/97 is US$1,200/month (after
deducting management fees and maintenance expenses),
based on 85% occupancy and $100/night for a 4-bedroom
house. You can lease through your own Agent too.
Presently, demand is greater than supply and there is
insufficient holiday bungalows with 4 bedrooms for
families vacationing together. 2 families can share
one bungalow and save cost compared to stay in hotel
rooms.
BANK
REPAYMENTS/MONTH FOR $135,000 HOUSE
For the purchase price of
US$135,000, 7.4% fixed interest 30 years, monthly rest,
renewable every 3 years, the payments are: US$654/month.
- If you leaseback to
professional vacation management, your rental
income will be much more and you have more cash
in your pocket.
Singapore properties are
too highly priced and rentals will be insufficient to
cover your mortgage payments as more condos flood the
market and Singapore becomes too expensive for business
operations in the next 5 years.
Above investment is a
viable asset building option as foreigners and locals can
buy from you 5 - 10 years later.
Please contact Dr Sing at
(65)254 3326 to discuss how you will build wealth for
your old age if not for your spouse & children
through quality income-producing property investments. .
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