Demand for commercial units had pen up due to foreigner not needed to pay Additional Buyer Stamp Duty that is required for residential property. Other factor include the omission of Seller Stamp Duty.
The 4 common category for commercial is office, retail shop, restaurant/ eating house and medical suits. With restaurant and shops the most popular followed by offices among investor.
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Invest in Retail Shops
In 2016, seeing the potential in Singapore commercial units, a Bangladeshi group swept all of the retail shops for sale at the new freehold property; Centrum Square (former Serangoon Plaza).
As most retail space in Singapore is not for sale, they are usually manage by management team like capital mall etc. As rental yield for retails shop can usually fetch a good returns. Another factor where investor love retail shop is that, those new brands or entrepreneur with fantastic business model usually is not welcome by those establish mall. Therefore, this young energetic businessman can only turns to privately owned retail space.
Invest in Restaurant
Another popular choice after announcement by the government in 2016 will be restaurant and eating house. Due to problematic traffic created by the booming eating house, government decided to place restriction on eating house in shophouses in certain location effective 30 May 2016.
Eating house and Restaurant for sale in this area will see a strong interest from both investor and for own usage.
Places affected by the new regulation will be able to see their property price getting stronger.
Location where new eating house in shophouses will not be allowed
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The locations in this table apply to the whole stretch of the road unless otherwise specified.
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Proposed eating houses in commercial or mixed commercial/residential developments located in the above areas can be considered if the building has its own car park lots which are available for public use.
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The three new locations where additional eating houses in shophouses will not be allowed are:
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Thomson Village – Upper Thomson Road, Soo Chow Walk, Jalan Todak, Sin Ming Road, Shunfu Road
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Bedok Area – Bedok Road & Jalan Pari Burong
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Little India Historic District – Serangoon Road, Jalan Besar & Kitchener Road
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Source from URA.
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