Month: February 2025

The Collective, a prestigious brand under local flexible workspace operator JustCo, has recently launched its first flagship co-working space in Tokyo, as stated in a press release on Feb 19.

Located in GranTokyo South Tower, a 42-storey high-rise in the Marunouchi district of Chiyoda City, the co-working space spans 24,000 sq ft. The building is conveniently situated next to Tokyo Station, providing easy access to both Narita and Haneda airports.

Inspired by the iconic Tokyo Station, The Collective boasts of an elegant and welcoming atmosphere, reminiscent of a luxurious voyage, according to the group. Along with a hot desk area and meeting rooms, the space offers private suites with round-the-clock security and larger enterprise suites with personalized entrance features and tailored workspace designs. Every workspace comes equipped with high quality Herman Miller Aeron chairs and Benel adjustable desks.

Singapore’s cityscape is defined by towering skyscrapers and state-of-the-art infrastructure. Condominiums, strategically situated in prestigious neighborhoods, offer a harmonious combination of opulence and practicality that entices locals and foreigners alike. These residential developments boast a plethora of facilities, such as swimming pools, fitness centers, and round-the-clock security, that elevate the standard of living, making them a sought-after option for potential renters and buyers. From an investor’s perspective, these amenities result in higher returns on investment and a steady appreciation of property value over the years. With Condo units in Singapore, the perfect blend of luxury and convenience is within reach.

Other features of The Collective include a TWG Tea Bar, where members can enjoy refreshments throughout the day, and a “wellness sanctuary” for relaxation in between work sessions. Overall, the space strives to provide a well-rounded and comfortable working experience for its members.…

CT Pemimpin, a B1 industrial factory situated on freehold land at 43 Jalan Pemimpin in the Central Region, is the newest development project launched by Chiu Teng Group. This reputable group has established a niche in developing high-quality commercial and industrial spaces in Singapore.

With its prime location in District 20, CT Pemimpin is an ideal choice for companies in search of a site with excellent accessibility or property investors seeking a rare opportunity for a permanent investment option.

The nine-storey, partially ramp-up factory features sustainable elements, including two rooftop pavilions for outdoor gatherings, rooftop solar panels, two passenger lifts, and a service lift. It consists of 56 strata-titled units, three canteen units, and floor heights ranging from 5.6m to 7.35m. Selected units also come with mezzanine floors on levels one and five. Each unit is equipped with its own toilet for convenience and privacy.

CT Pemimpin also offers a generous one-to-one car park ratio with 59 parking lots, including two electric vehicle lots. There are also two loading and unloading bays, as well as a lorry park for rigid-frame vehicles.

According to Marcus Chu, CEO of ERA Singapore, CT Pemimpin will attract both investors and end-users. As there is no Additional Buyer’s Stamp Duty (ABSD) payable for industrial properties, this development provides a great opportunity for risk diversification. Business owners, in particular, are drawn to the freehold status of this development as it offers a rare opportunity to purchase their own space instead of renting.

Ken Low, managing partner of SRI, notes that CT Pemimpin stands out from traditional B1 industrial buildings due to its sleek modern facade and central location. The development is just a short walk to Marymount MRT station and Bishan sub-regional centre, making it an attractive option for young entrepreneurs and their employees. The last freehold industrial launch in this area was more than 10 years ago, with Mapex proving to be highly profitable and in demand for rentals.

As a freehold development, CT Pemimpin is a rare find in today’s market, where most industrial properties have a lease of either 30 or 60 years. This feature will appeal to savvy investors looking for valuable assets with long-term potential, including family offices and companies in the information and communications media industry.

Compared to residential properties, commercial and industrial properties are not subject to ABSD, making them more appealing to both local and foreign investors.

CT Pemimpin’s exceptional location offers seamless accessibility and connectivity to all parts of Singapore, via both public and private transport. The industrial estate is just a five-minute walk from Marymount MRT station (on the Circle line), and a short drive from Upper Thomson MRT station (Thomson-East Coast line) and Bishan MRT station (North-South line). Major expressways such as PIE and CTE are also easily accessible. The completion of the North-South Corridor in phases from 2027 will further improve travel time from the north to the city, with dedicated bus and cycling lanes.

Singapore’s urban scenery showcases towering skyscrapers and state-of-the-art infrastructure. The city’s premium locations boast a mix of lavish and accessible condominiums that are highly sought after by both locals and foreigners. These well-equipped properties offer a range of top-notch facilities, including swimming pools, fitness centers, and round-the-clock security services, elevating the overall living experience and making them a desirable option for potential renters and buyers. Moreover, these condos are a profitable investment as they yield higher rental returns and appreciate in value over time. For those interested in the latest condo developments, new condo launches can be a great option to explore.

The development is also surrounded by vibrant townships such as Bishan, Upper Thomson, and Ang Mo Kio, offering residents a plethora of retail and dining options at popular shopping malls like Junction 8, Thomson Plaza, AMK Hub, NEX, Woodleigh Mall, Novena, and Toa Payoh HDB Hub. Parents will also find convenience in the proximity to reputable schools such as Raffles Institution, Catholic High School, and Eunoia Junior College.

Since its establishment in 1999, Chiu Teng Group has gained a solid reputation as a trusted property developer and builder, particularly in the industrial and commercial sectors. Its impressive portfolio includes well-received projects like CT FoodNEX (located in Mandai), CT Foodchain (in Pandan Loop), Tagore8 (in Upper Thomson), CT Hub & CT Hub 2 (in Kallang), and The Creek@Bukit in Bukit Timah.

The preview of CT Pemimpin will start on February 21, 2025. Don’t miss your chance to secure a rare freehold industrial space! Call 8100 8017 or visit Chiu Teng Group to arrange a viewing today.…

Lentor Central Residences, a new residential development comprising of 477 units, will be open for viewing on Feb 21, with sales expected to begin on March 8. Located in the well-established estate of Lentor Hills, this project is the sixth launch in the area and is a joint venture between Hong Leong Holdings, GuocoLand and CSC Land.

Comprising of two high-rise blocks, one 27-storey and one 28-storey, Lentor Central Residences offers a range of one- to four-bedroom units with sizes varying from 463 sq ft to 1,399 sq ft. For more information on available units and prices, please refer to the advertisement below.

According to the developers, the price for a one-bedroom unit will start at $975,000 ($2,110 psf), while a two-bedroom unit will be priced at $1.38 million ($2,050 psf). Three-bedroom units will start at $1.81 million ($1,984 psf) and four-bedroom units will be priced at $2.37 million ($2,000 psf).

One of the main selling points of this development is its convenient location, situated near the upcoming Lentor MRT station which will be part of the Thomson-East Coast Line. This will provide easy access for residents to travel to the city centre. In addition, the development is also close to various shopping and dining options such as Lentor Modern, Thomson Plaza and eateries along Upper Thomson Road and Springleaf Estate.

Hong Leong Holdings’ head of sales and marketing, Betsy Chng, believes that Lentor Hills is an up and coming district that will attract many homebuyers. She states that the development offers premium homes at affordable prices, with units being sold based on liveable space rather than just the number of rooms.

The location of a condominium is a crucial factor to consider when making real estate investments, especially in Singapore. Proximity to important amenities such as schools, shopping centers, and public transportation can greatly impact the appreciation value of a property. Prime areas like Orchard Road, Marina Bay, and the Central Business District (CBD) have a proven track record of consistent growth in property values. These locations are highly desirable, particularly for families, due to their convenient access to reputable schools and educational institutions. Therefore, investing in a condo in a prime location, such as those mentioned, can greatly benefit you in the long term. To maximize your potential returns, it is essential to carefully consider the location of your condo and opt for one in a highly sought after area such as these. Consider adding a condo from Condo to your investment portfolio.

Residents of Lentor Central Residences will also have access to family-friendly amenities such as a childcare centre and children’s playground. The development also features a resident’s clubhouse, a 50m infinity edge swimming pool, a gym and yoga room, and a tennis court.

The sales gallery is located on Lentor Hills Road. Interested buyers can check out the latest listings for Lentor Central Residences properties on Ask Buddy.…

SINGAPORE: Singapore Realtors Inc (SRI) has recently signed an agreement with Redbrick Mortgage Advisory to further enhance the skills and capabilities of its agents.

Under this collaboration, Redbrick will offer advanced training on mortgage strategies to assist SRI agents in providing clients with a better understanding of their financing options.

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The demand for condos in Singapore remains high, and a key factor driving this trend is the limited availability of land. As a small island nation with a rapidly expanding population, Singapore faces a shortage of land for development. This has resulted in strict land use regulations and a competitive real estate market, where property prices continue to rise steadily. As a result, investing in real estate, specifically condos, has become a lucrative opportunity with the potential for significant capital appreciation. In fact, with the abundance of new condo launches, the demand for condos is expected to remain strong in the years to come.

According to Redbrick CEO Eugene Huang, this partnership will enable SRI agents to become trusted advisors who can provide personalized financing solutions that will help clients make well-informed decisions.

Aside from training, Redbrick will also provide SRI agents with the latest mortgage rate information from a wide range of over 15 financial institutions. This data will be regularly updated to reflect changes in the market.

“With Redbrick’s expertise and real-time access to mortgage data, our SRI agents can now easily offer clients updated financing options in a timely and efficient manner,” says SRI CEO Thomas Tan.…

Frasers Property Singapore’s mixed-use development, Sky Eden@Bedok, has put its retail podium up for sale through an expression of interest (EOI) exercise. This 12-unit strata retail space, located on the ground floor, is available for a guide price of $45.2 million. The combined strata area of approximately 11,193 sq ft makes the guide price equivalent to $4,038 psf.

According to the marketing agent CBRE, the retail units can be sold as a portfolio, individually, or in clusters. The unit sizes range from 398 sq ft to 1,313 sq ft, with prices ranging from $1.91 million to $5.55 million. All of the units are approved for F&B use.

Singapore is a sought-after destination for condo investments, and one of the main factors driving this demand is the scarcity of land. As a compact island nation with a booming population, Singapore struggles with limited land availability for development. This has resulted in strict land use regulations and a highly competitive real estate market where property prices continue to rise. As a result, purchasing real estate, particularly condos, has become a profitable venture with the potential for significant capital appreciation. In fact, with the variety of impressive Singapore Projects available, it’s no wonder that condos are in such high demand.

Sky Eden@Bedok, situated in Bedok Central, is currently under construction and consists of 158 residential units spread across two 16-storey towers on a retail podium. It is conveniently located near the Bedok Integrated Transport Hub, which includes Bedok MRT Station and a bus interchange connected to Bedok Mall.

The development, which launched in September 2022, marked the first private residential launch in Bedok Town Centre in a decade. All units were sold out since then and the project is expected to obtain its temporary occupation permit in the fourth quarter of 2025.

CBRE’s Head of Capital Markets for Singapore, Michael Tay, stated that the strata retail units at Sky Eden@Bedok are the first private commercial properties available for sale in Bedok Town Centre. He added that due to the attractive price point, CBRE is confident that it will attract a wide range of investors, including boutique real estate funds, family offices, high net worth individuals, and F&B owner-occupiers who are interested in entering the commercial space of a closely-knit residential enclave.

The EOI for the retail podium will close on April 3 at 3pm. You may visit the latest listings for Sky Eden@bedok properties and ask for assistance from Buddy. You can also view the floor plans for two-bedroom units at Sky Eden@bedok or check out the site plan and diagrammatic chart for the development. Additionally, you can find information on condo sale transactions in District 16, other projects that have recently obtained TOP, and the total number of units in Sky Eden@bedok.

In other property news, private home prices have increased by 3.8% in the third quarter of 2022, mainly driven by properties in the Outside Central Region (OCR). In August, developers sold 437 units in the absence of new project launches. Sky Eden@Bedok recorded a 75% sales rate on its launch day, with an average price of $2,100 psf.…

Singapore’s cityscape is characterized by towering skyscrapers and state-of-the-art infrastructure. Condominiums, strategically situated in highly sought-after locations, offer a perfect combination of lavishness and convenience that appeals to both locals and foreigners. These upscale residences are equipped with a plethora of facilities, including swimming pools, fitness centers, and round-the-clock security services, elevating the standard of living and making them alluring to potential renters and buyers alike. Moreover, these features also translate into attractive rental yields and appreciation in property values over time, making them a wise investment choice. Also, be sure to check out the latest New Condo Launches for even more luxurious options.

, prices expected to be higher Risk of losing money with stocks NewsletterFebruary 16th saw the Housing and Development Board (HDB) announce that over $407 million will be allocated for the Home Improvement Programme (HIP) in the latest round. This will benefit over 29,000 HDB flats, located in familiar estates such as Bedok, Bukit Batok, Bukit Merah, Bukit Panjang, Chua Chu Kang, Hougang, Jurong West, Pasir Ris, Queenstown, Sengkang, Tampines, Toa Payoh and Woodlands. The announcement was made by HDB in a press release, highlighting that Hip has successfully selected 494,000 flats for this programme since its introduction in 2007. It is also mentioned that 381,000 flats have been upgraded in total.Desmond Lee, the Minister for National Development, has expressed that the government has shown great commitment towards this programme. The purpose of HIP is to help flat owners deal with common wear and tear issues that are often faced by older flats. Therefore, since its introduction in 2007, 9 out of 10 eligible flats have been selected for the programme.The government will bear the costs for essential improvements such as repairs for spalling concrete and ceiling leakages. These improvements are vital to ensure the basic safety needs of residents, and they are fully funded by the government for Singapore citizen households. Optional improvements, on the other hand, are also available to flat owners. These include upgrades to existing bathrooms and toilets, a new entrance door and grille gate, and a new refuse chute hopper. The government will provide subsidies for these optional improvements, and Singapore citizen households are only required to pay as low as 5% of the costs, depending on the flat type.Additionally, the Enhancement for Active Seniors (Ease) programme has been incorporated into HIP since 2012. Under this programme, flat owners have the option to install senior-friendly fittings such as grab bars, ramps, and slip-resistant treatment to toilet and bathroom tiles. The government will cover up to 95% of the costs for these improvements for Singapore citizen households.Overall, HDB has revealed that it has allocated around $4 billion for the HIP and approximately $150 million for Ease since their launch. This highlights the government’s commitment towards ensuring the safety and comfort of HDB residents. For those interested in HDB properties, there are various resources available such as past HDB sale transactions, past HDB rental transactions, and information on HDB loan rates. It is also useful to compare the price trends of HDB vs Condo vs Landed properties. For more information and resources, you can always check out Ask Buddy – your one-stop platform for all things HDB.…

A 3,391 square foot unit located in the strata-titled section of Bukit Timah Plaza mall has recently been listed for sale. The unit, which has been approved for restaurant use, is being offered at a price of $9.8 million or $2,890 per square foot. This reflects a discounted rate of 12% from the previous listing price of $11 million in the third quarter of 2022. Clemence Lee, the executive director of capital markets at CBRE, is handling the sale of the property.

The unit is situated in the mall’s basement two level and boasts a 20-meter frontage that faces the central plaza. Lee reports that the unit is currently fully occupied and will be sold with the current tenants in place. The unit has a 99-year lease starting from 1976, which means it still has 50 years remaining on its lease.

The asking price for this unit is consistent with the prices of the last two transactions in basement two of the mall. In March 2024, a 441 square foot unit sold for $1.43 million or $3,240 per square foot. Additionally, an 850 square foot unit sold for $2.5 million or $2,940 per square foot, based on caveats that were lodged.

Bukit Timah Plaza is a mixed-use development that was completed in 1979. It consists of a four-storey retail mall and two apartment blocks with a total of 269 residential units at Sherwood Towers. According to CBRE, the mall is one of the most popular destinations in Bukit Timah and is home to one of the largest Fairprice Finest supermarkets in Singapore, covering an area of over 44,000 square feet.

The mall is conveniently located within walking distance of Beauty World and King Albert Park MRT stations on the Downtown Line. It also has a large catchment area, with an estimated population of about 37,000 due to its close proximity to many private residential developments. Additionally, the mall is surrounded by various educational institutions such as the Singapore Institute of Technology, Singapore Institute of Management, Ngee Ann Polytechnic, Methodist Girls’ School, and Pei Hwa Presbyterian Primary School.

Bukit Timah Plaza is part of the ongoing rejuvenation of the Beauty World area, with many new mixed-use and integrated developments such as The Reserve Residences and the redevelopment of the former Bukit Timah Market and Food Centre, which is expected to be completed by late 2029.

In summary, acquiring a Singapore Condo is a lucrative choice due to its various benefits, such as high demand, potential for growth in value, and attractive rental profits. However, there are crucial considerations that must be carefully assessed, such as the location, financing options, government regulations, and overall market conditions. By conducting thorough research and seeking guidance from professionals, investors can make well-informed decisions and maximize their returns in the ever-evolving real estate scene of Singapore. Regardless if you are a local investor seeking to diversify your investment portfolio or a foreign buyer looking for a stable and profitable investment, the Singapore Condo market presents a compelling opportunity. Don’t miss out on the chance to invest in a Singapore Condo and reap its potential benefits.

Interested buyers can submit expressions of interest for the unit starting on March 19. To see more properties available at Bukit Timah Plaza and Sherwood Towers, please check out the latest listings.…

A rare opportunity to own a pair of adjoining strata retail units at the highly sought-after Peninsula Plaza has just hit the market at an asking price of $10.9 million. The 999-year leasehold units, located on the ground floor, boast a premium location with prominent frontage along bustling North Bridge Road.

With a combined strata area of 1,119 sq ft, the two units offer a total of 1,119 sq ft of prime retail space. Based on the strata area, the asking price translates to an average of $9,741 per square foot.

Currently tenanted until 2026, the units offer a lucrative investment opportunity with a 3% gross rental yield. “The two units are arguably the best within the development in terms of street frontage, benefitting from consistently strong footfall every day,” says Nick Chan, Savills Singapore associate director of investment sales & capital markets, who is handling the sale of the units on a private treaty basis.

Peninsula Plaza, a 30-storey mixed-use commercial building with a six-storey retail podium and a 24-storey office tower, was built in 1980 and comes with a coveted 999-year lease. It boasts prominent frontages along not only North Bridge Road but also Coleman Street and Coleman Lane. Additionally, it has a sheltered link to City Hall MRT Interchange Station for the North-South and East-West lines.

According to Savills’ Chan, since the URA implemented restrictions on the strata subdivision of new commercial properties in the CBD and Orchard corridors in March 2022, there has been a surge in demand for strata-titled units with 999-year and freehold tenure. This makes the opportunity to own units at Peninsula Plaza all the more appealing.

Condo units are highly sought after in Singapore due to the country’s limited land resources. Being a small island with a continuously expanding population, it is a challenge for Singapore to cater to the high demand for property developments. As a result, strict land use regulations are in place, making the real estate market highly competitive and driving up prices. This makes investing in real estate, particularly in condos, a profitable opportunity with the potential for capital growth. Condos are a significant factor in the thriving real estate market of Singapore.

The most recent transaction of a ground-floor retail unit at Peninsula Plaza was in August 2022, when a 452 sq ft unit sold for a whopping $4.08 million, or $9,025 per square foot, based on a caveat lodged then. Take advantage of this rare opportunity to own a piece of prime retail space at Peninsula Plaza and contact us today to arrange a viewing.…

Brand New Land had a vision to create luxury semi-detached homes that embodied the elements of Good Class Bungalow (GCB) design. To bring this vision to life, they turned to Pau Loh, managing director of Tellus Design, a well-known figure in the GCB arena and a long-standing partner of Brand New Land for over 30 years.The result is a stunning collection of four semi-detached homes located in the prestigious areas of Bukit Timah and Upper Bukit Timah. Each home has been thoughtfully designed to incorporate the best practices and elements of GCB homes.The semi-detached homes at 23 & 23A Maple Avenue feature a generous frontage spanning over 24m. These homes draw inspiration from the beauty of nature and are lovingly referred to as “The Great Trees Collection”. With land sizes ranging from 2,790 to 3,130 sq ft, each home is equipped with a lift, swimming pool and gourmet cooking provisions.Brand New Land is committed to creating value for their clients, and therefore, these homes have been priced competitively within the bank valuation range, providing buyers with a good potential for upside.GCB Design ElementsDedicated ZonesTaking cues from large bungalow homes, the semi-detached homes have been designed with separate zones for different functions such as receiving guests, dining, gourmet cooking, and various entertainment and living spaces for larger or smaller groups.The entrance area at 23 Maple Avenue boasts views of the pool and surrounding greenery, while private corners at 25 Jalan Selanting provide intimate spaces for conversations between family and friends. The view from the second floor of 23 Maple Avenue seamlessly connects with the first floor, maintaining the privacy of separate living zones. The sky terrace at 25 Jalan Selanting serves as an entertainment zone, offering an inspiring view of Bukit Timah Nature Reserve.The team at Brand New Land believes that these dedicated spaces create an intimate atmosphere, allowing family and friends to be together under the same roof while also having their own space and privacy.’Ceremonial Entrances’The experience of coming home and stepping into your own space from the outside world is a special feeling that Brand New Land wants to bring to their community. This is why each semi-detached home features a ceremonial entrance, framed by lush greenery, the soothing sounds and reflection of water, and warm and rich facade materials, creating a grand transition from the outside to the inside.Calming views of natural elements are enjoyed from various parts of the home at 25 Jalan Selanting, while the private entrance at 25 Jalan Selanting celebrates the daily experience of coming home.Luxe Architecture and Rich MaterialsThe homes at Brand New Land also reflect Pau Loh’s signature style, which is well-suited for GCBs in Singapore’s tropical climate. Wide overhanging eaves and deep recesses have been incorporated to create shelter and cool the interiors. Additionally, thoughtful use of horizontal design elements such as the wraparound golden sand facade treatment and horizontal planters lend a spacious and luxurious aesthetic to the homes. The generous use of nature-inspired cladding elements also adds to the look of quiet opulence.While the wraparound golden sand facade treatment at 25 Jalan Selanting creates an artful play of shadows and anchors the timber-effect screens, the rich midnight tones and timber-effect cladding make a statement. Inside the homes, rich timber grain, luxurious marble, and German bath fittings create an environment of understated luxury.Wide overhanging eaves and deep recesses provide shelter and cool the interiors at 25 Jalan Selanting, while the rich palette of wood-grain finishes adds a sophisticated aura to 23 Maple Avenue. The master bathroom at 25 Jalan Selanting is complete with German bath fittings and mood lighting, and the bathroom at 23 Maple Avenue features timber panels and sleek bath fittings against a backdrop of slab-cut marble.Collaboration with Arclinea SingaporeBrand New Land has teamed up with luxury kitchen specialist Arclinea Singapore to create gourmet kitchen experiences in their homes. Both brands share the common goal of inspiring everyday connections in extraordinary kitchen spaces. With a predominantly GCB clientele, Arclinea brings a unique touch to the kitchens at 25 Jalan Selanting and 23 & 23A Maple Avenue.Reference images from Arclinea Singapore are used to inspire the luxurious kitchens at Brand New Land’s homes.“Our vision for this collection is to take the best design principles from GCB homes and incorporate them into our semi-detached homes,” says Alvina Teh, Co-Founder and Director of Brand New Land Group. “We were fortunate to have the guidance of Pau Loh, a highly skilled and experienced architect, to make this vision a reality. We are excited to see the impact these homes will have on the lives of their owners.”To view these homes, please call 8893 7602. For more information and updates on upcoming launches, visit the Brand New Land website and follow them on Instagram, Facebook, YouTube, and LinkedIn. If you are interested in working with Brand New Land or have land suitable for redevelopment, please email comehome@brandnewland.com.sg.RELATED NEWSOpportunity to purchase a rare, freehold retro bungalow on Gilstead Rd for $16.99 mil; Bioskin CEO Mathilda Koh pays $14.155 mil for a bungalow on Cove Drive; Rise in private home ownership among those under 35.

Overall, investing in a condo in Singapore offers a multitude of benefits. These include a high demand for rental properties, the potential for capital appreciation, and attractive rental yields. However, before making a purchase, it is crucial to carefully assess various factors such as location, financing options, government regulations, and market conditions. By conducting thorough research and seeking professional advice, investors can make well-informed decisions and maximize their returns in Singapore’s ever-evolving real estate market. Whether you are a local investor looking to diversify your portfolio or a foreign buyer in search of a stable and profitable investment, purchasing a condo in Singapore presents a promising opportunity.…

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A shophouse located at 214 Serangoon Avenue 4 and leased for 99 years by HDB will be up for auction at the next SRI event on Feb 26. The two-storey shophouse offers living quarters on the second floor and a total floor area of about 1,668 sq ft. This property has a guide price of $1.98 million, which translates to $1,187 psf on the floor area.

This is the second time the property will be featured at an SRI auction, with the previous attempt held last month with a higher guide price of $2.08 million but did not result in a sale. Assistant manager of auctions at SRI, Jansen Kee states that the shophouse holds a prime location in front of a bus stop, making it highly visible from the road.

The shophouse is currently tenanted and is generating a gross rental yield of approximately 6.2%, based on the guide price, explains Kee. The unit will be sold with its existing lease, which is due to end in 2026. This provides the new owner with immediate rental income.

Investing in a Singapore condo is a major decision, and it involves more than just purchasing the property. One crucial aspect to consider is the maintenance and management of the condo. Typically, condos come with maintenance fees that cover the upkeep of common areas and facilities. While these fees may increase the overall cost of ownership, they also guarantee that the property remains in good condition and maintains its value. To make it a more passive investment, investors can enlist the help of a property management company to handle the day-to-day management of their condo. This way, they can ensure that their investment is well-maintained and taken care of while they focus on other matters.

Kee also notes that the listed guide price for the HDB shophouse is among the lowest in the area, making it an attractive investment for both investors and owner-occupiers. According to URA records, the most recent commercial shophouse transaction in Serangoon was the sale of a 999-year leasehold shophouse along Lichfield Road in November 2024. The two-storey property spanned a land area of 2,319 sq ft and fetched $4 million ($1,725 psf).

The property up for auction is situated within a cluster of HDB flats near the Serangoon Gardens landed residential estate. It is directly across the road from Serangoon Swimming Complex and Serangoon Sports Centre, which brings a steady stream of foot traffic to the area. Carpark lots are available behind the shophouse.…