Throttle2 Supersonic April 29, 2016 Share April 29, 2016 Recently had a discussion with a high rank civil servant (superscale and above) He told me about how he bought a commercial property at the basement of somewhere. I diplomatically smiled and said i wont follow. 5 yrs ago i told this same person to buy a landed house to stay if it suits but he didnt want choosing to rent and rent finally buying in early 2014 which was toppish still. Conclusion? Private sector folks got much better insights on these matters compared to civil service guys ↡ Advertisement Link to post Share on other sites More sharing options...
Blueray Hypersonic April 29, 2016 Share April 29, 2016 hospitality results down today.. but i think it will take more than a couple of quarters to see distribution fall due to nature of leases being 3-5 yrs and rental income will not be marked to market REITs also have some room to play with operating expense and deferment of some capital expenditures just interesting to note that pop up store concepts are becoming more common in retail these days. few days ago found out that Shaw has quit Bugis for good last month. Link to post Share on other sites More sharing options...
inlinesix Supersonic April 29, 2016 Share April 29, 2016 Recently had a discussion with a high rank civil servant (superscale and above) He told me about how he bought a commercial property at the basement of somewhere. I diplomatically smiled and said i wont follow. 5 yrs ago i told this same person to buy a landed house to stay if it suits but he didnt want choosing to rent and rent finally buying in early 2014 which was toppish still. Conclusion? Private sector folks got much better insights on these matters compared to civil service guys Is it a good time to factory lot for investment? Link to post Share on other sites More sharing options...
Wyfitms Twincharged April 29, 2016 Share April 29, 2016 Recently had a discussion with a high rank civil servant (superscale and above) He told me about how he bought a commercial property at the basement of somewhere. I diplomatically smiled and said i wont follow. 5 yrs ago i told this same person to buy a landed house to stay if it suits but he didnt want choosing to rent and rent finally buying in early 2014 which was toppish still. Conclusion? Private sector folks got much better insights on these matters compared to civil service guys my conclusion is in MCF we Muayhahahaha but in real life, we just smile Link to post Share on other sites More sharing options...
Lala81 Hypersonic April 29, 2016 Share April 29, 2016 For industrial there are many factors to consider which weigh in to the overall price. Instead of quantum best use psf to gauge, before the boom prices where hovering around the 250 to 350 range for new (60 yrs leasehold) and 200ish range for older units (assume leasehold 40 - 60 years) around 2010 which was reasonable given the rental yield. So for half a buck you would get a property of about 1600 sq feet (proper space no loft concept) Adding to that one thing to note is now a days developers build a high ceiling and charge the consumer for "loft" space effectively increasing the shop space which lowers the psf price. Need to consider of that will suit the business you are trying to attract nice to know that a buck = one million 2 Link to post Share on other sites More sharing options...
Mercury1 Turbocharged April 29, 2016 Share April 29, 2016 Haha thanks but my knowledge is this sector still needs more brushing up. 1. What happens when lease expires? Any experience on how much or how they calculate top up? - No experience in this, but Industrial having such short leases I would imagine govt would have plans to use the space. 2. Loft building after move in. Does this need approval from building management and authorities? Do we need to buy insurance when we rent it out? - For my MCST any works (even air con) will need approval (and deposit) before works starts, I don't have a loft unit but I believe you need to engage a engineer (MCST contacts) to certify after the plans are submitted. Can't imagine too much issues if the developer sold it with that concept some might even built units with split levels so owners need not bother. 3. SME generally looking for what size units? - This is pretty subjective, it really depends on the type of businesses targeted. Suitable light industry businesses have certain criteria to meet (i.e 70% production or storage, 30% office) so pending on the main activity that dictates the space. For example my current tenant which does car sales about 6/8 people to 1000 sq feet but my other tenant (engineering related) probably doubles that for same space. (btw the percentage I make up one but its about there) https://www.ura.gov.sg/uol/guidelines/development-control/change-use-premises/sections/Permissible-Uses.aspx Great info and very helpful.if you can help with these questions1. What happens when lease expires? Any experience on how much or how they calculate top up?2. Loft building after move in. Does this need approval from building management and authorities? Do we need to buy insurance when we rent it out?3. SME generally looking for what size units?TIA Just to add HDB shop houses are actually great investment, would consider those as opposed to a standard retail shopfront. Reminds me of this article, saw the launch being advertised then I saw the price tag http://www.theedgeproperty.com.sg/content/strata-shop-blues Recently had a discussion with a high rank civil servant (superscale and above)He told me about how he bought a commercial property at the basement of somewhere.I diplomatically smiled and said i wont follow.5 yrs ago i told this same person to buy a landed house to stay if it suits but he didnt want choosing to rent and rent finally buying in early 2014 which was toppish still.Conclusion?Private sector folks got much better insights on these matters compared to civil service guys Link to post Share on other sites More sharing options...
Throttle2 Supersonic April 30, 2016 Share April 30, 2016 (edited) TOPed quite a few months already. Practically 99% empty. Good luck to those investors who bought these units in this mixed development at the peak in 2013. Already lose until no pants on the high price and yet cant rent out and cant sell. Aiyoyo Edited April 30, 2016 by Throttle2 2 Link to post Share on other sites More sharing options...
Mercs Hypersonic May 2, 2016 Share May 2, 2016 http://www.straitstimes.com/business/property/shophouses-draw-keen-investor-interest Shophouses draw keen investor interest MAY 2, 2016 Capital values have risen given scarce supply, growing demand from funds and foreigners There is a dichotomy between shophouses that have been upgraded - where investors can enjoy an attractive yield - and older and more dilapidated ones, which do not garner as much interest. The leasing market has softened over the past half year but there is still activity, said a seasoned investor, who recently rented out a Pagoda Street shophouse for over $18,000 a month, or about $12 psf, to a retail tenant in a medical field. "We are seeing quite good leasing demand, especially if you renovate the unit. For tenants, rents are still at a discount compared with a shopping mall or Grade A office space." While the number of shophouse deals fell slightly last year, total value of transactions rose 10 per cent, reflecting sustained interest in this asset class, said Ms Sammi Lim, associate director of investment properties at CBRE. "This year, the pool of serious investors exploring this asset class will widen further with the entry of more boutique institutional funds (looking at) shophouses to add to their entire portfolio." 7 Link to post Share on other sites More sharing options...
Mercs Hypersonic May 3, 2016 Share May 3, 2016 Developers required to submit walking, cycling plans for new commercial property projects - See more at: http://sbr.com.sg/commercial-property/news/developers-required-submit-walking-cycling-plans-new-commercial-property-pr#sthash.nKjvl4E5.dpuf 5 Link to post Share on other sites More sharing options...
Wyfitms Twincharged May 3, 2016 Share May 3, 2016 Shophouses draw keen investor interest Investment property sales activity may be generally quiet but a small corner of the market is still seeing healthy interest. Values of shophouses in the Central Business District (CBD) have jumped over the past two years, buoyed by their scarcity and demand from funds and foreigners. In what is thought to be the priciest deal this year on a per sq ft (psf) basis, a shophouse in Ann Siang Road recently went for SGD10.8 million to a foreign investor, or about SGD3,750 psf in terms of gross floor area (GFA). The owner is believed to be Mr Zain Fancy of Clifton Partners. But although capital values have risen, rents have not increased in tandem, said a property watcher. "Eight years ago, we were seeing 6 per cent rental yields. Today, yields are 3 per cent or even less than that." This has not stopped some funds and foreigners from aggressively picking up units. Of the 16 CBD shophouse sales with caveats lodged from October 2015, nine were sold to funds or foreigners, a property title check showed. Just in April, investment group 8M Real Estate picked up a Craig Road shophouse for SGD6.5 million. The company also has five shophouses in Amoy Street and another in Gemmill Lane. Transactions completed without caveats early this year included the sale of two shophouses in Pagoda Street to Rio International Investment - one for SGD12.2 million and the other for SGD12 million, or about SGD2,800 psf. The firm is owned by Mr Loi Keong Kuong, owner of Rio Casino in Macau. The newer entrants to this space include Spanish tycoon Ricardo Peralta - chief executive of Luxembourg-based investment holding firm Ventos and a board member of Danone Spain. He has picked up six conservation shophouses from October 2015, the latest believed to be one in Amoy Street which went for SGD20.25 million or about SGD2,411 psf on GFA. “While the number of shophouse deals fell slightly last year, total value of transactions rose 10 per cent, reflecting sustained interest in this asset class. This year, the pool of serious investors exploring this asset class will widen further with the entry of more boutique institutional funds (looking at) shophouses to add to their entire portfolio." said a property consultancy. Link to the story: http://www.straitstimes.com/business/property/shophouses-draw-keen-investor-interest 1 Link to post Share on other sites More sharing options...
Mercury1 Turbocharged May 4, 2016 Share May 4, 2016 Wah the family that owned that Amoy shophouse must be laughing their way too the bank lol Shophouses draw keen investor interest Investment property sales activity may be generally quiet but a small corner of the market is still seeing healthy interest. Values of shophouses in the Central Business District (CBD) have jumped over the past two years, buoyed by their scarcity and demand from funds and foreigners. In what is thought to be the priciest deal this year on a per sq ft (psf) basis, a shophouse in Ann Siang Road recently went for SGD10.8 million to a foreign investor, or about SGD3,750 psf in terms of gross floor area (GFA). The owner is believed to be Mr Zain Fancy of Clifton Partners. But although capital values have risen, rents have not increased in tandem, said a property watcher. "Eight years ago, we were seeing 6 per cent rental yields. Today, yields are 3 per cent or even less than that." This has not stopped some funds and foreigners from aggressively picking up units. Of the 16 CBD shophouse sales with caveats lodged from October 2015, nine were sold to funds or foreigners, a property title check showed. Just in April, investment group 8M Real Estate picked up a Craig Road shophouse for SGD6.5 million. The company also has five shophouses in Amoy Street and another in Gemmill Lane. Transactions completed without caveats early this year included the sale of two shophouses in Pagoda Street to Rio International Investment - one for SGD12.2 million and the other for SGD12 million, or about SGD2,800 psf. The firm is owned by Mr Loi Keong Kuong, owner of Rio Casino in Macau. The newer entrants to this space include Spanish tycoon Ricardo Peralta - chief executive of Luxembourg-based investment holding firm Ventos and a board member of Danone Spain. He has picked up six conservation shophouses from October 2015, the latest believed to be one in Amoy Street which went for SGD20.25 million or about SGD2,411 psf on GFA. “While the number of shophouse deals fell slightly last year, total value of transactions rose 10 per cent, reflecting sustained interest in this asset class. This year, the pool of serious investors exploring this asset class will widen further with the entry of more boutique institutional funds (looking at) shophouses to add to their entire portfolio." said a property consultancy. Link to the story: http://www.straitstimes.com/business/property/shophouses-draw-keen-investor-interest 2 Link to post Share on other sites More sharing options...
Throttle2 Supersonic May 4, 2016 Share May 4, 2016 (edited) Bro, conservation shophouses in such strategic locations are a different class Just like GCBs Buyer likes Buyer buys Money is seldom the key consideration. Its like a rare Rolex or cigar for that matter I know that if i sell it, i may not be able to buy it back. I know that if i buy it, i need to find another person who really appreciates it to sell to Otherwise keep for life. Enjoy People who use such cases to wrongfully misrepresent the general market are either stupid or crooks. Edited May 4, 2016 by Throttle2 2 Link to post Share on other sites More sharing options...
Showster Twincharged May 4, 2016 Share May 4, 2016 Hehe, you've really got a lot of time (and money) at hand. Looking into this sector now? TOPed quite a few months already.Practically 99% empty.Good luck to those investors who bought these units in this mixed development at the peak in 2013.Already lose until no pants on the high price and yet cant rent out and cant sell.Aiyoyo Link to post Share on other sites More sharing options...
Aventador 6th Gear May 4, 2016 Share May 4, 2016 TOPed quite a few months already. Practically 99% empty. Good luck to those investors who bought these units in this mixed development at the peak in 2013. Already lose until no pants on the high price and yet cant rent out and cant sell. Aiyoyo Every thread you post, you have to take a photo with your watch please stick to the watch thread for such posts Moderators should note if you have opinions to contribute, please do so constructively, instead of showing off your watch, or your money, or how 'poor' you are. 4 Link to post Share on other sites More sharing options...
Throttle2 Supersonic May 4, 2016 Share May 4, 2016 Every thread you post, you have to take a photo with your watch please stick to the watch thread for such posts Moderators should note if you have opinions to contribute, please do so constructively, instead of showing off your watch, or your money, or how 'poor' you are. Oh you mean like this? Aiyo dont be upset, your nick is Aventador. Maybe you want to change it to LP760? Link to post Share on other sites More sharing options...
Wyfitms Twincharged May 4, 2016 Share May 4, 2016 what nonsense abt conservation shophouse where $$ is seldom the consideration. buyers like zain fancy, 8M are trying to make a return on their investment. they have no intention to keep for life LOL. there are reasons why so much attention was turned to conservation shophouses from 2013 onwards Link to post Share on other sites More sharing options...
Throttle2 Supersonic May 4, 2016 Share May 4, 2016 (edited) went to friend's shophouse at emerald hill and saw this lying on his tv console Muayhahahaha Edited May 4, 2016 by Throttle2 Link to post Share on other sites More sharing options...
BanCoe Hypersonic May 4, 2016 Share May 4, 2016 Oh you mean like this? Aiyo dont be upset, your nick is Aventador. Maybe you want to change it to LP760? If you nice nice to him, @throttle2 throw in Property Deal when you buy his Lolex ↡ Advertisement Link to post Share on other sites More sharing options...
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