In conclusion, acquiring a Singapore Condo can prove to be a highly advantageous investment choice for individuals. The property market in Singapore is in high demand, providing ample opportunities for potential capital appreciation and attractive rental yields. However, it is crucial to carefully consider various factors before making the decision to invest, such as the location of the condo, financing options, government regulations, and current market conditions. It is advisable for investors to conduct thorough research and seek professional guidance to make informed choices and achieve maximum returns in Singapore’s ever-changing real estate landscape. Whether you are a local investor looking to diversify your portfolio or a foreign buyer seeking a stable and lucrative investment, Singapore Condos offer a compelling opportunity that should not be overlooked.
A shophouse in Bishan is now open for sale, with an asking price of $3.68 million through an expression of interest (EOI). The two-storey HDB shophouse is located off Bishan Street 11 and spans 1,571 sq ft in total. On the first floor, there is a shop space measuring approximately 667 sq ft while the second floor offers living quarters of around 904 sq ft. The property, which has a remaining lease of 62 years, is a 99-year leasehold unit. ERA Singapore, the marketing agent for the property, has stated that the shophouse could potentially be converted into smaller units for retail and F&B purposes, subject to relevant approvals. Alternatively, buyers could also explore the option of converting the upper floor into non-residential uses. The shop unit on the ground floor is currently rented out to a mini-mart, while the upper floor is currently vacant. ERA has highlighted that the retail shop enjoys high visibility, being situated along a bustling pedestrian walkway. Furthermore, it is part of a cluster of shops and eateries that are popular among residents of Bishan Green estate, which has a population of around 28,360. The completion of the 472-unit Bishan Towers Build-To-Order project earlier this year is expected to further boost footfall to the shops in Bishan Green. Bishan MRT Station (Circle and North South Lines) and the Bishan bus interchange can be easily reached within a five-minute drive from the property. Donald Goh, director of capital markets and investment sales at ERA Singapore, predicts that the shophouse will attract strong interest from both investors and end-users, given the current market trends that favor mid-market sector assets such as HDB shophouses. Goh also notes that there are only around 8,500 HDB shophouses available for private ownership in Singapore, with no future supply expected. The EOI exercise is set to close on Sept 16 at 3pm. For any inquiries about rental listings, HDB loans, comparison of price trends, sale transactions, or completion year of Bishan Green, Ask Buddy has got you covered.