ASK THE AGENTS: Tips for commercial investment

Name: Myron Lin
Designation: Associate Team Director
Agency: PropNex Realty Pte Ltd
Link: bit.ly/Myron_lin

“Investors looking at diversifying their investment portfolio can consider retail commercial properties, like City Gate. This mixed-use development is located in District 7, with a range of amenities under one roof, and close proximity to MRT station, provides investor good rental yield and capital appreciation. As retail commercial properties are not covered by MAS Loan to Value (LTV) limit, investors with multiple properties will not be restricted by LTV, if his/her income passes the bank’s loan assessment criteria.”

“Other than the historical and aesthetic value,
many of the District 8 shophouses are freehold landed commercial properties that are limited in supply. These unique factors kept the property price stable, with potential upside. Investors who are interested in these shophouse have to take note of the current use and allowable use of the property, area zoned for business as payment of GST /  additional stamp duties may be needed for part of the shop house for “residential-use”, etc.”