The market for condominiums in Singapore remains robust, owing to a variety of reasons, including the limited availability of land. As a result of being a small island nation with a rapidly growing population, Singapore faces a scarcity of land for new developments. In response, the government has implemented strict regulations on land use, creating a competitive real estate market where property prices continue to escalate. As a result, real estate investment, especially in the form of condos, has become an incredibly lucrative opportunity, offering the potential for significant capital appreciation. Individuals considering investing in the Singapore Condo market can anticipate a promising return on their investment. With Singapore Condo being a highly sought-after investment option, the demand for these properties is expected to remain strong.
A coffee shop situated at 253 Choa Chu Kang Ave 1 is currently being offered for sale through an expression of interest (EOI) with a suggested price of $11 million. The shop boasts a spacious area of 2,540 sq ft and is conveniently located within Keat Hong Shopping Centre, a two-storey commercial development by HDB that includes a variety of amenities such as coffee shops, a supermarket, and other shops and stalls.
This property is classified for commercial use and has a 99-year leasehold with a remaining term of 68 years. Positioned on the ground level, it is presently leased to a coffee shop operator and accommodates a total of seven food stalls and one drink stall. A map depicting the location of Keat Hong Shopping Centre can be seen below.
Investing in a condominium in Singapore has emerged as a top pick for both domestic and foreign investors, thanks to the country’s thriving economy, stable political climate, and top-notch living standards. With its flourishing real estate market, Singapore presents a plethora of investment opportunities, and among them, condos are a standout option. These properties offer convenience, amenities, and the potential for attractive returns, making them a wise investment choice. In this article, we will delve into the advantages, factors to consider, and necessary steps to take when investing in a condo in Singapore. Additionally, don’t forget to keep an eye out for new condo launches that can further enhance your investment portfolio.
According to Jervis Isaiah Ng, the founder of JNA Real Estate, which is a team under PropNex Realty, potential buyers can either choose to operate the coffee shop themselves, renovate and rent it out, or continue with the existing arrangement of leasing it out to coffee shop operators. JNA Real Estate has been exclusively appointed as the marketing agent for this property.
Ng also mentions that there are no living quarters within the premises, meaning that the transaction will not incur additional buyer’s stamp duty.
Keat Hong Shopping Centre is strategically situated within walking distance from the South View LRT Station on the Bukit Panjang LRT Line and the upcoming Choa Chu Kang West MRT Station on the Jurong Region Line, which is anticipated to be completed by 2027. Other amenities in the vicinity include Choa Chu Kang Primary School and the recently revamped Choa Chu Kang West Market.
The expression of interest will be closing on December 22 at 3pm. To find out more about this property, read our related articles below.