Strata Titled Office - A Bright Spot in Singapore Property Market
9 April 2012Strata titled office in CBD are extremely good buy for investors, Office units of Eon Shenton are Strata Titled units with saleable area (sqm) from 96 to 164. The estimated range of price of Eon Shenton Offices is as low as S$2.9M to a high at S$5.4M. Till date, all shops units at Eon Shenton are fully sold. Such a rare investment opportunity in Strata-titled office is not to be missed.
Quote: The investment potential inherent in a market characterised by limited stock, particularly that of quality and modern ones, and high occupancy rates had investros' attention drawn to the strata-titled office segment, particularly in 2011 when most have started to look beyond the poor performing stock market, and heavily regulated private residential market.
As of 4Q 2011, prime strata-titled offices commanded an average gross rental yield of 4-6 per cent. The attrative yield was a further bait in an enviroment offering record low interest rate for savings deposits. The attractiveness of strata-titled offices as an investment option is also enhanced by the absence of taxes such as the Seller's Stamp Duty and Additional Buyer's Stamp Duty that were imposed on the private residential market.
Quote: Jeremy Lake, Executive Director, Investment Properties said, "At present, investors and owner-occupiers are finding it increasingly difficult to acquire substantial floors of strata offices in a well located and well designed office building in the Central Business District. Office rentals are experiencing steady growth. Strong economic fundamentals support the current buoyant property market and have attracted more and more overseas corporate investors to Singapore. Such an investment opportunity is rare and we expect this property to receive keen interest from both local and overseas investors."
Eon Shenton is a District 2 mixed development which is just 5 minutes walk away from Tanjong Pagar MRT. Available office units are limited, more for information, contact us or drop us an email at [email protected].
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