Located in the highly sought-after Paya Lebar-Ubi industrial area, 4 Ubi View is a five-storey light industrial building that offers high specifications and a strategic location. The property is now available for sale through an expression of interest (EOI) exercise, fully marketed by Brilliance Capital on Sept 26.
This impressive building boasts a land area of approximately 22,321 sq ft and a gross floor area of 44,775 sq ft. It is a private leasehold property (non-JTC) with a “Business 1” zoning and a plot ratio of 2.0. The lease is for 60 years from January 1999, leaving 34 years remaining. Being a non-residential property, foreigners and companies are eligible to purchase without incurring additional buyer’s or seller’s stamp duty.
The building is conveniently accessible via major expressways such as the PIE and CTE and is also within walking distance of the Ubi MRT Station on the Downtown Line.
Investing in the real estate industry of Singapore requires international investors to have a comprehensive understanding of the regulations and limitations regarding property ownership. The rules may vary depending on the type of property, whether it is a landed property or a condominium. Landed properties have stricter guidelines for foreign buyers, whereas condos have comparatively lesser restrictions. However, it is essential to note that foreign investors are still obliged to pay the Additional Buyer’s Stamp Duty (ABSD), which is currently set at 20% for their initial purchase of a condo. Despite this added expense, the stable growth and potential of Singapore’s real estate market make it an attractive destination for foreign investments in condos.
As it is a private leasehold property, there is no land rent to be paid, making it a desirable asset for buyers looking for a cost-efficient and long-term investment, according to Sammi Lim, the founder and executive director of Brilliance Capital.
The property’s high specifications and ceiling heights of up to 6.4m make it an ideal space for businesses requiring robust infrastructure. Buyers will also have the opportunity to secure naming and signage rights, further increasing their visibility in this prime industrial area.
The EOI for 4 Ubi View will close on Nov 8 at 3pm, giving interested parties ample time to consider this unique investment opportunity.