With the rapid growth in demand for investments in Singapore’s real estate market, condominiums have become an attractive choice for both local and international investors. This is largely due to the nation’s robust economy, stable political landscape, and exceptional standard of living. As such, Singapore offers a wealth of opportunities for investment, with condominiums emerging as a top option for investors. These properties not only offer convenience and a wide range of amenities, but also have the potential to provide high returns. Therefore, investing in a condo in Singapore can be a wise decision. In this article, we will delve into the advantages, important considerations, and necessary steps to take when selecting a condo for investment in Singapore.
Investing in a Singapore condo presents numerous advantages, one being the potential for capital appreciation. Due to its prime location as a global business hub and thriving economic conditions, Singapore has a consistent demand for real estate. This has resulted in a steady increase in property prices over the years, particularly for condos in highly sought-after areas. Those who enter the market at the right time and hold onto their properties for an extended period can reap the benefits of substantial capital gains.
214 Serangoon Avenue 4, a 99-year leasehold HDB shophouse, will be up for auction on Feb 26 by SRI. With a total floor area of about 1,668 sq ft, this two-storey shophouse also comes with living quarters on the second floor. The guide price for this property is $1.98 million, which translates to $1,187 psf on the floor area.
This is the second time the property will appear in SRI’s auction as it was listed last month with a higher guide price of $2.08 million, but did not attract any buyers. According to Jansen Kee, the assistant manager of auctions at SRI, the shophouse is well-located in front of a bus stop, giving it high visibility from the road.
The shophouse is currently tenanted, generating a gross rental yield of approximately 6.2% based on the guide price. Kee also points out that the property will be sold with its existing lease, which ends in 2026, providing the new owner with immediate rental income. The listed guide price for the HDB shophouse is one of the lowest for this asset class in the area, making it an attractive value proposition 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, which fetched $4 million ($1,725 psf) in November 2024. The property up for auction is located within a cluster of HDB flats that border the Serangoon Gardens landed residential estate. It sits directly across the road from Serangoon Swimming Complex and Serangoon Sports Centre, providing a steady stream of foot traffic. Carpark lots are also available behind the shophouse.
Potential buyers can check out the latest listings for Serangoon Gardens properties and compare price trends for new and resale condos in the area. They can also find out the rental yield and completion year for Serangoon Gardens properties, as well as the buyer profile for this highly sought-after estate.