Freehold conservation shophouse in Balestier on the block for $4.29 mil

If you’re looking for a reduced entry price plot in a new town, Tengah EC may be the area for you. The new town will have amenities such as three MRT stations.

Tengah EC Price

Tengah EC building will additionally include a swimming pool as well as mini golf links. There will certainly be numerous various other wise features at the development, which is anticipated to advertise healthy living as well as a vivid atmosphere. The advancement is expected to house 42,000 new homes, with a mix of both exclusive as well as public areas for a series of objectives. It will certainly also be close to a significant employment hub, consisting of the Jurong Regional Line.

The brand-new HDB community of Tengah will feature a variety of lasting features and greenery. The town will certainly be the first entirely car-free suburb in Singapore, with underground roads and a central park. The estate will also have strolling and cycling paths and also neighborhood farmways.

Tengah Smart Town will also consist of sustainable functions, such as a car-free town centre and an energetic recreation area. The town will certainly additionally consist of instructional resources and also competitors for locals to promote healthy living.

The shophouse has a built-up area of 2,036 sq ft. It has been well-kept and is in move-in problem, claims Linda Lim, One Global’s corporate sales manager. “Investors will certainly not require to spend much on improvements unless they wish to change the existing usages used at the website,” she adds.

Presently, the residential or commercial property’s initial flooring is rented to a salon, while the second floor is rented bent on a corporate occupant. The residential or commercial property will be marketed with the existing occupancies. “Potential proprietors seeking to buy this shophouse system would certainly be able to benefit from the existing leasing plans that remain in place, and they can expect a steady stream of rental income,” states Lim.
She includes that there is prospective to raise the residential property’s gross flooring location. The website has a gross plot ratio of 3.0 as well as a maximum allowed height of 6 floors.

The shophouse has to do with 700m far from the Toa Payoh MRT Station on the North-South Line. It is likewise within walking distance of 2 hotels– Ramada and also Days Hotel at Zhongshan Park– which Lim claims adds to a consistent pool of customer traffic to the immediate area.

A two-storey property conservation shophouse on Balestier Road in District 12 will be auctioned on Sept 20 with a guide price of $4.288 million. According to One Global Group, which is dealing with the public auction, it is a proprietor’s sale.

The shophouse has a land area spanning 1,068 sq ft, which is approved for business and also household use. Therefore, immigrants are not eligible to buy the shophouse, as well as Additional Buyer’s Stamp Duty (ABSD) is applicable as a result of the property element.