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Freehold Retail Shop Spaces for Sale Singapore
Shopping is one of the most popular activities that Singapore residents do. It rivals the passion for good food and more retail shops are popping up every year. There are people who shop for goods and there are those who shop for services. Retail shops requirements are slightly different. For branded goods retails, they would prefer ground floor units and perhaps on the second level. For services, there is really no need to be on the ground floor. As can be expected, freehold retail shops are rare with the limited space in Singapore. There is an on-going trend where developments are mixed with residents, office and even medical suites.
Advantages – Freehold Shop Not Concerned With Increase Of Rent, No ABSD/SSD, Foreigners Welcome
If you are an investor, getting a freehold shop means it will last forever and strata title shops can be very attractive. You would also need to look into the future development around the shop space and gauge whether there will be traffic. After paying off the retail shop space in some years, it would be for keep sake and this could be an alternative to residential investments which are affected by cooling measures. There are no Seller Stamp Duty and Additional Buyer Stamp Duty to add up to the cost of the investment. As an owner operator, getting a freehold shop means there will be no need to be concerned about the increase in rental in subsequent years of ownerships. For popular malls, the more popular they are, Landlords would certainly increase their rent and the operator can be in difficulties.
Freehold Retail Shop Spaces from Developers Better Prices
Freehold retail shops are limited but there are still some available directly form the developers and they are located at:
Changi Road Location Opposite Eunosville, Near Eunos MRT
Located opposite Euonsville, there are still some limted retail shops available for sale from the ground level. Located along Changi Road, this is a commercial FREEHOLD development with restaurant at the ground level and office at the higher levels. Patrons can come from the office workers around the area, from Eunos MRT Station with around 5 minute walk and those who explore Changi Road. Some groundfloor units are still available.
East Coast Location Near Future Marine Parade MRT
This will be a delight at East Coast. This FREEHOLD development is around 200 m from Parkway Parade and it easily accessible via ECP and PIE. Next to this mall, is the Marine Parade MRT so this is a huge added plus for investors and operators. The food and beverages (F&B) outlets and the Food Court are sold and this will be one of the main draws to patrons of this development. One of the level will be dedicated for medical providers and the development has a nice and unique façade so it will be easily recognizable when completed. The sizes of the retail spaces available are from 764 to 904 sqft from level 3.
Jalan Besar Location One Near Jalan Besar MRT
Jalan Besar (‘big road’ in Malay) is evolving. The neighborhood is attracting young adults and families and pockets of tourists. There is a significant increase in the number of food outlets. However, many who rent are concerned that with the area gaining popularity, rents will increase. Now, there is an opportunity to own a FREEHOLD shop at a commercial development along Sam Leong Road. Sizes of the shops available directly from the developers range from 334 to 732 sqft with most units are level 2 and 3.
Jalan Besar Location Two Near Farrer Park MRT
There is also a range of retail shops available in a FREEHOLD mixed development with fully sold residential units. Just 1 minute walk to City Square Mall and Farrer Park MRT Station, units of sizes ranging from 474 to 506 sqft are available. Some groundfloor units area also still available.
Jalan Besar Location Three Near Future Bendemeer MRT
Along Jalan Besar, nearer to Lavender Street, there is also a development of which only 4 commercial retail units are available. Units are from 312 sqft to 474 sqft and they are on the ground floor. These will be well supported from the 144 offices within the same development and it used to host a famous eating location. Each unit comes with a ceiling height of 5.8 m. Freehold retail shops will get rarer. If you want a presentation to get to know the developments better, please contact Desmond at +65 9114 3737.
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