When purchasing a Singapore condo, it is crucial to take into account the maintenance and management of the property. Condominiums usually come with maintenance fees that cover the upkeep of communal areas and amenities. While these fees may increase the overall cost of ownership, they also guarantee that the property is well-maintained and retains its value. To make the investment more passive, hiring a property management company can assist investors in managing the day-to-day operations of their Singapore condo.
A double-storey HDB shophouse situated at Block 177 Toa Payoh Central has been made available for sale through an expression of interest (EOI) exercise with a guide price of $5.88 million. The shophouse is a corner unit, boasting a double frontage with a leasehold tenure of 78 years, and 46 years remaining. The ground-floor commercial unit measures around 635 square feet while the residential unit on the upper floor measures around 710 square feet. The property is being exclusively marketed by Brilliance Capital, who have proposed to use the strata subdivision or conversion of the units to alternative uses, subjected to relevant authority approvals, to maximise rental income. AdvertisementAdvertisementThe ground floor unit is currently tenanted and is being sold with tenancy, which can provide stable recurring income for investment. Meanwhile, the owners occupy the upper level, but it can be leased out by the future owner, offering additional potential income.The shophouse is strategically located as it is surrounded by HDB housing estates and is within a few minutes walk of the HDB Hub, Toa Payoh MRT Station on the North-South Line, and the Toa Payoh Bus Interchange. Not to mention, there is also sheltered access to the MRT station from the HDB block. Furthermore, as HDB shophouses is considered commercial properties, both foreign buyers and companies can purchase the property. The EOI exercise will close on 24 Oct 2019 at 3pm. Ground-floor shophouse unit on Kalidasa Avenue for sale at $3.9 milThe property is located on the ground floor of a two-storey shophouse (Picture: PropNex Shophouse Elites)The residential shop at 21 Kalidasa Avenue is listed for sale at a guide price of $3.9 million through an expression of interest (EOI) exercise. The strata-titled unit is located on the ground floor of a two-storey shophouse that comes with a 999-year leasehold tenure. Occupying a land area of 1,625 square feet, the shophouse is zoned for “residential with commercial at first storey” use. The commercial unit that is available for sale has a total floor area of 1,625 square feet, subjected to a site survey. This brings the guide price to $2,400 psf on the floor area. The said unit is currently being leased to a pet shop that provides grooming and daycare services. AdvertisementAdvertisementThe shophouse is situated in Teacher’s Housing Estate, a private landed housing estate near the junction of Yio Chu Kang Road and Upper Thomson Road in District 26. With construction completed in the late 1960s by the Singapore Teachers’ Union, the estate comprises 256 terrace houses. In the 1970s, a row of double-storey shophouses was added to the estate to cater to residents’ needs.Commercial transactions in Teacher’s Housing Estate (Source: EP Buddy, URA)Recent commercial transactions made in Teacher’s Housing estate has shown that 21 Kalidasa Avenue was sold in April 2018 for $2.13 million or $1,310 psf on the strata area. The property is being marketed by Richard Tan and Wilkie Tay, directors of PropNex Shophouse Elites. The EOI will close on 16 October 2019 at noon. RELATED NEWSEight HDB shophouse units at Bras Basah, Geylang and Kallang put up for sale from $19.5 milTwo HDB shophouses in Toa Payoh and Ang Mo Kio going for $51 milHDB shop at Teck Whye Lane on the market for $4.45 mil
A two-storey HDB shophouse situated at Block 177 Toa Payoh Central has been listed for sale through an expression of interest (EOI) exercise with a guide price of $5.88 million. The corner unit boasts a double frontage and comes with a 78-year leasehold tenure with 46 years remaining. The ground-floor commercial unit measures around 635 square feet while the residential unit on the upper floor measures around 710 square feet. The property is being exclusively marketed by Brilliance Capital, who have proposed to utilise the strata subdivision or conversion of the units to alternative uses, subjected to relevant authority approvals, to maximise rental income. AdvertisementAdvertisementThe ground floor unit is currently tenanted and is being sold with tenancy, which can provide stable recurring income for investment. The upper level is occupied by the owners, but it can be leased out by the future owner, offering additional potential income.The shophouse is strategically located as it is surrounded by HDB housing estates and is within a few minutes walk of the HDB Hub, Toa Payoh MRT Station on the North-South Line, and the Toa Payoh Bus Interchange. Not to mention, there is also sheltered access to the MRT station from the HDB block. Furthermore, as HDB shophouses are considered commercial properties, both foreign buyers and companies can purchase the property. The EOI exercise will close on 24 October 2019 at 3pm. Ground-floor shophouse unit on Kalidasa Avenue for sale at $3.9 milThe property is located on the ground floor of a two-storey shophouse (Picture: PropNex Shophouse Elites)A residential shop at 21 Kalidasa Avenue is being listed for sale at a guide price of $3.9 million through an expression of interest (EOI) exercise. The strata-titled unit is located on the ground floor of a two-storey shophouse that comes with a 999-year leasehold tenure. Occupying a land area of 1,625 square feet, the shophouse is zoned for “residential with commercial at first storey” use. The commercial unit that is available for sale has a total floor area of 1,625 square feet, subjected to a site survey. This brings the guide price to $2,400 psf on the floor area. The said unit is currently being leased to a pet shop that provides grooming and daycare services. AdvertisementAdvertisementThe shophouse is situated in Teacher’s Housing Estate, a private landed housing estate near the junction of Yio Chu Kang Road and Upper Thomson Road in District 26. With construction completed in the late 1960s by the Singapore Teachers’ Union, the estate comprises 256 terrace houses. In the 1970s, a double-storey row of shophouses were added to the estate to cater to residents’ needs.Commercial transactions in Teacher’s Housing Estate (Source: EP Buddy, URA)Recent commercial transactions made in Teacher’s Housing estate has shown that 21 Kalidasa Avenue was sold in April 2018 for $2.13 million, or $1,310 psf on the strata area. The property is marketed by Richard Tan and Wilkie Tay, directors of PropNex Shophouse Elites. The EOI will close on 16 October 2019 at noon. RELATED NEWSEight HDB shophouse units at Bras Basah, Geylang and Kallang put up for sale from $19.5 milTwo HDB shophouses in Toa Payoh and Ang Mo Kio going for $51 milHDB shop at Teck Whye Lane on the market for $4.45 mil
The two-storey HDB shophouse at Block 177 Toa Payoh Central is up for sale through an expression of interest (EOI) exercise with a guide price of $5.88 million. The corner unit boasts a double frontage with a 78-year leasehold tenure and 46 years remaining. The ground-floor commercial unit measures about 635 sq ft while the upper-floor residential unit measures about 710 sq ft. The property is being exclusively marketed by Brilliance Capital, who have proposed to utilise the strata subdivision or conversion of the units to alternative uses, subject to the relevant authority’s approval, to maximise rental income. AdvertisementAdvertisementThe ground-floor unit is currently tenanted and is being sold with tenancy, which can provide stable recurring income for investment. The buyers are also able to lease out the upper level, offering additional potential income.The shophouse is strategically located as it is surrounded by HDB housing estates. Within a few minutes’ walk of the HDB Hub, Toa Payoh MRT Station on the North-South Line, and the Toa Payoh Bus Interchange. There is also sheltered access to the MRT station from the HDB block. Furthermore, as HDB shophouses are considered commercial properties, foreign buyers and companies can purchase the property.The EOI exercise will close on 24 Oct 2019 at 3pm. Ground-floor shophouse unit on Kalidasa Avenue for sale at $3.9 milThe property is located on the ground floor of a two-storey shophouse (Picture: PropNex Shophouse Elites)The residential shop at 21 Kalidasa Avenue is up for sale at a guide price of $3.9 million through an expression of interest (EOI) exercise. The strata-titled unit is located on the ground floor of a two-storey shophouse that comes with a 999-year leasehold tenure. Occupying a land area of 1,625 sq ft, the shophouse is zoned for ‘residential with commercial at first storey’ use. The commercial unit that is up for sale has a total floor area of 1,