Securing financing is a crucial consideration for anyone looking to invest in a condo. Thankfully, Singapore offers a variety of mortgage choices, but it is imperative to keep in mind the Total Debt Servicing Ratio (TDSR) framework. This framework sets a limit on the amount of loan a borrower can take, taking into account their income and current debt obligations. To navigate this complex system, investors can seek guidance from financial advisors or mortgage brokers. By understanding the TDSR and getting professional help, investors can make wise decisions about their financing and avoid taking on too much debt. Plus, with the exciting New Condo Launches, there are even more options for potential investors to explore.
A three-storey terrace factory at Midview City has recently been put up for sale through the exclusive marketing services of Colliers International at a guide price of $6.2 million or $688 per square foot. The property, which comprises of a basement and roof terrace, is strategically located along Sin Ming Lane in the bustling area of Sin Ming Industrial Estate.AdvertisementAdvertisementWith a strata area of approximately 9,009 square feet, the factory is zoned as a “Business 1” site in the URA Masterplan 2019. According to Colliers International, the property is currently fully-leased with a 60-year leasehold and has been approved for use as a childcare centre which is currently tenanted by Star Learner preschool and childcare centre.Read also: Five industrial units in Kaki Bukit going for $6.4 milThe property will be sold with the existing preschool operator still in place, making it a rare opportunity for investors, according to Raphael Lee, director of industrial services at Colliers. Moreover, the location of the property is highly desirable as it is within walking distance to Bright Hill MRT Station on the Thomson-East Coast Line and is easily accessible from the Bishan and Upper Thomson residential areas. The property has two entrances – one via Sin Ming Lane and the other through Bright Hill Drive.Source: EdgeProp LandlensGiven that it is a Business 1 light-industrial property, it is not subject to Additional Buyer’s Stamp Duty (ABSD) and can be purchased by foreigners. The expression of interest (EOI) exercise for the property will close on April 29 at 3pm. Buddy contains ads for commercial and industrial properties, so you can browse and find the ideal property for your business. Use Buddy to compare price trends and view past transactions for industrial properties to make an informed decision. Start your search on Buddy today for your next industrial property investment.