In summary, the decision to invest in a Singapore condo comes with a variety of benefits, including a high demand in the market, potential for growth in value, and impressive rental yields. However, it is crucial to carefully consider essential factors such as the condo’s location, financing options, government regulations, and market conditions. With thorough research and guidance from experts, investors can make well-informed decisions and maximize their returns in Singapore’s dynamic real estate industry. Whether you are a local investor looking to expand your portfolio or a foreign buyer seeking a stable and lucrative investment, Singapore condos, like Singapore Condo, offer a compelling opportunity for success.
The opportunity presents itself for potential buyers to own a ground floor strata unit located at 24 Greenwood Avenue, a prime district 11 address. The freehold two-storey shophouse is on the market for $8.8 million, marketed exclusively by Wilkie Tay and Richard Tan, directors at PropNex Shophouse Elites (PSE).
This restaurant-approved strata unit spans 1,539 sq ft, and the asking price translates to $5,718 psf on the total strata area. The property boasts a highly coveted location, with easy access to amenities and educational institutions, making it an attractive investment opportunity.
According to a recent press release by PSE, the restaurant unit also comes with a 100 sq ft outdoor dining area, adding value to the property. The upper floor of the shophouse is zoned for residential use and has a separate staircase entrance.
Recent commercial transactions in the area have seen an upward trend, making this an opportune time to invest in this highly sought-after neighborhood. Richard Tan, who is not only a director of PSE but also its founder, believes that the current tenancy, which runs until mid-2026, adds value to the property. He explains that the new owner will have a guaranteed source of rental income from day one.
Tan further adds that the location of 24 Greenwood Avenue within the Hillcrest landed residential estate provides high foot traffic, making it a prime spot for businesses. The property is also within proximity to renowned schools such as National Junior College and Raffles Girls’ Primary School. Two supermarkets are also located nearby, making it convenient for residents and visitors alike.
The strata unit will be available for purchase through an Expression of Interest exercise that closes on Nov 15. Interested buyers can look forward to owning a piece of prime real estate in a highly desirable location.