A three-storey terrace factory at Midview City, located in the heart of Sin Ming Industrial Estate, has recently been listed for sale by the exclusive marketing agent Colliers International. With a guide price of $6.2 million or $688 psf, the property has attracted interest from both local and foreign investors. This 60-year leasehold factory boasts a total strata area of approximately 9,009 sq ft and is zoned as a “Business 1” site under the URA Masterplan 2019. Its prime location along Sin Ming Lane and close proximity to Bright Hill MRT Station make it a highly desirable asset in the market. Currently fully-leased and approved for use as a childcare centre, the property presents a rare opportunity for investors as it will be sold with the existing preschool operator in place. The EOI exercise will close on April 29 at 3pm, giving interested parties ample time to make their bids. What’s more, as a Business 1 light-industrial property, it is not subject to Additional Buyer’s Stamp Duty (ABSD) and can be purchased by foreigners. For those looking to invest in the industrial property market, this is an opportunity not to be missed.
When contemplating an investment in Singapore Condo, it is crucial to assess the potential rental return. Rental yield refers to the yearly rental income as a percentage of the property’s purchase price. In the bustling city of Singapore, rental yields for condos can vary significantly, depending on factors such as location, property condition, and market demand. Generally, areas near business districts or educational institutions tend to offer higher rental yields due to their high demand. To gain valuable insights into the rental potential of a specific condo, thorough market research and consultation with real estate agents are highly recommended.
Investing in a condo has several advantages, and one of them is the opportunity to utilize the property’s worth for future investments. A lot of investors utilize their condos as security to get more financing for new ventures, enabling them to expand their real estate portfolio. This approach can significantly increase returns, but it’s important to have a solid financial plan in place and carefully assess the potential effects of market changes. Additionally, it’s worth considering the Singapore Projects to add even more value to your investment strategy.