In summary, purchasing a condo in Singapore comes with a multitude of benefits, including a strong demand, potential for increased value over time, and attractive rental yields. However, it is crucial to take into account various factors such as the condo’s location, financing options, government regulations, and current market conditions. By conducting thorough research and seeking guidance from experts, individuals can make well-informed decisions and maximize their returns in Singapore’s ever-evolving real estate market. Whether you are a local investor looking to expand your portfolio or a foreign buyer seeking a stable and lucrative investment, condos in Singapore offer a compelling opportunity for success.
An 11-million-dollar coffee shop located at 253 Choa Chu Kang Ave 1 is now available for sale through an expression of interest (EOI). This two-storey HDB commercial development, known as Keat Hong Shopping Centre, includes a variety of shops and stalls, such as coffee shops, a supermarket, and more. The spacious coffee shop occupies 2,540 sq ft of the property on the ground floor.
Offering a 99-year leasehold tenure, with 68 years remaining, the property is zoned for commercial use. The coffee shop is currently leased to a coffee shop operator, featuring seven food stalls and a drink stall. According to Jervis Isaiah Ng, founder of JNA Real Estate, a team under PropNex Realty and the exclusive marketing agent for the property, potential buyers could either choose to operate the coffee shop themselves, renovate and lease it out, or continue leasing it to coffee shop operators.
This property also comes with the benefit of being exempt from Additional Buyer’s Stamp Duty, as it does not contain any living quarters. Keat Hong Shopping Centre is situated within walking distance from 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 expected to be completed by 2027. Other amenities, including Choa Chu Kang Primary School and the recently renovated Choa Chu Kang West Market, can also be found nearby.
Interested buyers can submit their expression of interest by December 22 at 3pm.