singapore asia usa in usa

Name of Development: The Whispering Oaks Vacation Bungalows. Address: North side of US Highway 192, just West off Yates Rd, in Osceola County, Florida, USA, opposite Medieval Times and 7 minute-drive from the Walt Disneyworld. Tenure: Freehold. Private estate of 68 bungalows, 11,000 sq. ft/lot, central air-conditioned, 2-car garage and long driveway for up to 6 cars. Zoning: Residential with approval for weekly rentals. Land area: Around 1,000,000 sq. ft. with mature oak trees, tranquil and shady green, stress-free, uncontaminated, clean surroundings. Completion: 6-8 months after loan approval. 58/68 lots are completed as at June 1997.

Resale to foreigners: Allowed, unlike most Australian properties in which you have to sell to the locals only. You have a bigger group of prospective buyers such as your friends, family & Singaporeans if you want to cash out later.

Levies on sale or resale to foreigners: None, unlike Malaysian properties. You make more profits since the US government does not charge levies on sale or resale.

Capital gains: This location has estimated 10% capital gains/year. Land within 15 minutes from Walt Disneyworld has high capital gains.

Amenities: Each bungalow has its own swimming pool, spacious landscaped garden and barbecue area. Quiet area for cycling and jogging.

Infrastructure and surrounding Amenities: Water, sewer & power, phone and trash removal are available. Golf, fishing, shops, cafes & restaurants including McDonald’s, Tony Roma’s ribs, Indian & Chinese restaurants & 2 supermarkets are within walking distance. 7-minute drive to Walt Disneyworld, 20 minutes to Orlando International Airport, 15 minutes to Sea World, Universal Studios and Florida Shopping Mall. 2 minutes to Falcon Fire Golf Course. Over 100 golf courses in Orlando. 15 minutes to Convention Centre. 90 minutes to Kennedy Space Shuttle Centre. Climate tropical, warm year round, no cold winter chills.

Experienced Developer/Builder. Mr David Hamilton, BS, MS (East Tennessee State University). JMD Development, Inc. 316 N. Bermuda Ave, Suite 5, Kissimmee, Florida 34741, USA. 15 years of experience in development/building. He specialises in building bungalows according to owner’s specifications (custom single family homes) and duplexes. During the past 15 years, he has developed and built over US$35 million projects mainly in Orlando and Kissimmee. Projects in Orlando completed were: Emerald Lake Colony, Shadow Oaks, Southfork, Four Winds Estates, Conway Place, Gatlin Place, Bay Ridge Estates, Lake Down Cove & Crest. They are one and two-storey bungalows and semi-detached houses. Present projects are Whispering Oaks (10 out of 68 lots available, each being 11,000 sq. ft.) and The Oaks (160 lots available in 1998 but land area will be reduced to 6,500 sq. ft./lot).

Developer’s Escrow Lawyers in the USA: Law firm, Chad Lawrence P.A, 920 West Emmet St., Kissimmee, Florida 34741, USA. Developer does not use the monies for progress payments or development. Buyer may use own lawyer in US or Singapore.

Developer’s Escrow Lawyers in Singapore: Tan Geok Ser & Co., 83 Devonshire Road, Singapore 239864. Tel: 235 7762. Fax: 235 7832.

Experienced Vacation Rental Management Consultants: Central Florida 2000, Inc., Property Management Vacation Rentals, P O Box 690353, Orlando, Florida 32869-0353. Manager: Mr Dave Charsley, with 15 years of experience and contacts with national tour operators from the UK. Tourists mainly from Britain, South America and USA. Presently, 85% occupancy for over 80 properties under his management.

Financing: Intercoastal Mortgage Co. & Associates, Inc., 1318 S Crystal Lake Dr., Orlando, Florida 32806, USA. 70% financing. Indicative interest is 7.4% fixed 30 years, loan renewable 3 yearly. $6.9238 principal & interest/$1,000 loan/month, monthly rest.

Developer’s Overseas marketing agent: Asia USA Resorts (Singapore) Pte Ltd, Dr Sing Kong Yuen, BVMS (Glasgow), MRCVS, Blk 1002, Toa Payoh Lor 8, #01-1477, Singapore 319074. Tel: (65) 254 3326, 254 7944, 9682 1958. Fax: (65) 256 0501, 459 0548.

Sales price. Fully furnished. 3 - 4 bedrooms, pool, 2 baths, 2 car garage.

	Bdrm	Built-in area	30% down	mort/mth/30 yrs/7.4% int
The Raintree US$151,400	4	2,379 sq. ft.	$45,420	$734
The Oakwood US$153,800	3	2,433 sq. ft.	$46,140	$745
The Birchwood US$157,300	3	2,489 sq. ft.	$47,190	$762

Settlement costs: US$3,500 payable at settlement.
Furnishing & appliances: (US$10,000 included in above Sales Price).

Valuation price. Sales prices are below valuation. Reports available.
Latest situation. As at June 1, 1997, around 15 units have been bought by Singaporeans and 40 lots by Americans, Europeans and Africans. Lots available are: 3, 4, 5, 6, 7, 48, 49, 50.

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