Embracing a Shift: Navigating Commercial Property Investments Amidst New Regulations Property investment in Singapore has always been a preferred avenue, with residential properties taking the lead due to their perceived ease. However, recent adjustments to the Additional Buyer’s Stamp Duty (ABSD) rates in the April 2023 property cooling measures have tilted the scales, making subsequent residential...
Five adjoining shophouses along Joo Chiat Road were put up for sale on Monday (Sep 14), with the seller seeking bids on a freehold basis in excess of S$14 million. In a statement on Monday, property consultancy firm Chestertons said that the shophouses, numbered 142, 144, 146, 148, and 150, have a total land area of approximately 7,503.58 square feet. The site is zoned under "Commercial" in the 2014...
With their colourful facade and distinctive five-foot way, shophouses are reminiscent of Singapore's past. But even in today's modern business environment, there is still a demand for them. At Amoy Street, such shophouses have been taken up by creative outfits, restaurants and even small businesses who are looking for cheaper office space. With office rents already going up by 9.8 per cent in the last...
A row of five adjoining shophouses at Teck Chye Terrace was sold for S$14.63 million on Thursday (Jan 22), according to marketing agent Colliers International. This is higher than the indicative price of S$13 million. The auction was conducted on Thursday and ended in the evening, but Colliers was unable to disclose the buyer's details. Located at the junction of Upper Serangoon Road and Boundary...
A row of five adjoining shophouses at Teck Chye Terrace will be put up for sale by auction later in January. Located at the junction of Upper Serangoon Road and Boundary Road, the freehold shophouses sit on a land area of about 7,861 sq ft . The five units have a total floor area of approximately 12,163 sq ft. Its marketing agent Colliers International said in a statement on Monday (Jan 5) that the...
The number of shophouses sold in the second quarter of 2014 will be the lowest in over five years, said property analysts. According to caveats lodged, there were just 18 transactions between April and June. Analysts said this is the lowest number since the fourth quarter of 2008, when 23 transactions took place. Sales have slowed in the past year as a result of the implementation of the total...
A conservation shophouse in Dhoby Ghaut has been put up for tenancy by the Singapore Land Authority. Shophouses in Orchard Road are rare, especially the one up for tenancy at 38 Orchard Road which is 3-storey high shophouse with a floor area of 4,000 square feet. Channel NewsAsia understands that there are about 30 such shophouses in the area. These conservation shophouses have been gazetted for...
The Urban Redevelopment Authority has approved 10 applications from shop-house owners to use their upper floors as offices and commercial schools. This follows the relaxation of rules to allow the premises to be used as offices and commercial schools. Property analysts said the take-up rate is encouraging. The use of shop-houses as business space is becoming popular, but the number of such units has not...
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