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One advantage of investing in a condo is the opportunity to leverage its value for other investments. Numerous investors leverage their condo as collateral to secure additional funding for new ventures, thereby diversifying their real estate portfolio. While this approach can yield higher returns, it also entails certain risks. That is why having a solid financial plan in place and carefully considering the potential consequences of market fluctuations is crucial. Stay updated with New Condo Launches for potential investment opportunities.
A three-story shophouse with a 999-year leasehold is currently being marketed by SRI Capital Market for a price of $15 million. Located at 20 Liang Seah Street, the property will be sold through an expression of interest (EOI) exercise.
Sitting on a 1,129 square feet plot, the shophouse is classified as “residential and commercial” under the latest Master Plan, with a gross plot ratio of 4.2. With a built-up area of 2,635 square feet, the guide price translates to $2,635 per square foot.
The ground floor and second floor are approved for restaurant use, while the top floor is currently leased for residential purposes. Situated within the Beach Road secondary settlement conservation area, new extensions can be built up to five storeys, subject to approvals.
According to Low Choon Sin, managing partner of SRI Capital Market, the property is ideal for end-users looking for an F&B or corporate office space. The third floor can also be used for staff accommodation, making it a convenient option for businesses. Additionally, the shophouse boasts a prominent frontage along Liang Seah Street, which experiences high vehicular traffic during the day. It is also in close proximity to the bustling restaurants and shops at Bugis.
Low also highlights the potential for long-term investment, with the upcoming completion of developments such as Guoco Midtown and Shaw Towers expected to enhance the vibrancy of the area. “20 Liang Seah Street presents a rare opportunity for investors to acquire a 999-year leasehold property that can potentially benefit from the rejuvenation of Bugis,” he says.
The EOI exercise for the sale of 20 Liang Seah Street will close on April 10. Other notable properties currently available for sale include shophouses on Pagoda Street, retail spaces at Holland Road Shopping Centre, and car parks with accompanying retail spaces.