Invest in a trophy 999 year tenure shophouse in the popular and thriving Serangoon Garden enclave.
Currently fully tenanted to a baking studio and medical clinic.
Some compare it to the vibes of Holland Village. Similarly sized shophouse at Holland Village has sold about $15M.
Great potential to appreciate in value given its uniqueness, niche target audience, growing popularity and 999 year lease tenure.
Located within the North-East Region, which has which has about 217,120 homes(source: Wikipedia). North-East Region of Singapore is the most densely populated and has the highest population among all the regions in Singapore. As of 2020, the North-East Region has a population of 930,910(source: Wikipedia)
Serangoon Garden, while rich in heritage with colonial British influences, is popular with locals - young upmarket crowds, families and expats for its vibrant F&B choices, banks, fitness and health, enrichment establishments, country club, supermarket, market, food centre, convenience stores, a shopping centre and more.
There are only about 69 shophouses in this enclave, tightly held by their owners, and seldom available.
This enslave cannot be replicated. The commercially zoned shophouses here, though not under conservation, has retained a character of its own, most having been built around the 1950s onwards.
The shophouses on Serangoon Garden Way, which is next to the iconic Serangoon Garden Circus, have a consistent and unique character not seen anywhere else in Singapore.
Immediately surrounding this popular enslave is an affluent neighbourhood of a extraordinarily high numbers of private landed residential properties and condominiums, both existing and under construction. There are large plots of land nearby zoned as residential for future developments, translating into more footfalls and popularity.