The MidTown
1189 Upper Serangoon Road
S$ 1,688,888
Negotiable
786
sqft
S$ 2,148.71
psf
300 m (4 mins) from NE14 Hougang MRT Station
Property details
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About this property
Rare Ground Floor Retail , Approx 4.5% Rental Yield, Good Investment
THE MIDTOWN
- 786 SQ FT
- APPROXIMATELY 4.5% RENTAL YIELD
- Currently tenanted to an established aesthetics spa at $6,830 per month Inclusive GST, with tenancy secured until 30 June 2028.
- Foreigners eligible to purchase, subject to prevailing regulations
- Commercial property purchase with no ABSD, subject to prevailing regulations
Tenant Profile
* The current tenant has already operated from this unit for approximately 4 years and has renewed for another 2 years.
* The tenant has maintained a good rental payment track record with no payment defaults according to the seller.
FITTED COMMERCIAL UNIT - The unit comes with useful existing facilities including
-Grease trap
-Air-conditioning
-Column-free layout
-Kitchen area
-Water trap
-Restroom
STRATEGIC HOUGANG LOCATION
- Approximately 4 minutes walk to Hougang MRT
- Close to Hougang Mall- Surrounded by established HDB estates, condominiums and landed residential areas
- Strong residential catchment - Convenient access for both customers and employees
FUTURE HOUGANG TRANSFORMATION
- One of the biggest reasons to consider this location is the upcoming transformation of Hougang Central.
- The major Government Land Sales site at Hougang Central has already been awarded for approximately $1.5 billion.
- The upcoming project is planned as a major mixed-use development comprising residential and commercial components integrated with a new bus interchange, Hougang MRT station and a new town plaza.
- Approximately 830 new residential units are also planned as part of the development.
- Hougang MRT is also expected to become an interchange between the existing North East Line and the future Cross Island Line.This could potentially bring more residents, commuters, businesses and activity into Hougang Central over the coming years.
Contact Elson Wang at 9***** for full details and exclusive viewing.
- 786 SQ FT
- APPROXIMATELY 4.5% RENTAL YIELD
- Currently tenanted to an established aesthetics spa at $6,830 per month Inclusive GST, with tenancy secured until 30 June 2028.
- Foreigners eligible to purchase, subject to prevailing regulations
- Commercial property purchase with no ABSD, subject to prevailing regulations
Tenant Profile
* The current tenant has already operated from this unit for approximately 4 years and has renewed for another 2 years.
* The tenant has maintained a good rental payment track record with no payment defaults according to the seller.
FITTED COMMERCIAL UNIT - The unit comes with useful existing facilities including
-Grease trap
-Air-conditioning
-Column-free layout
-Kitchen area
-Water trap
-Restroom
STRATEGIC HOUGANG LOCATION
- Approximately 4 minutes walk to Hougang MRT
- Close to Hougang Mall- Surrounded by established HDB estates, condominiums and landed residential areas
- Strong residential catchment - Convenient access for both customers and employees
FUTURE HOUGANG TRANSFORMATION
- One of the biggest reasons to consider this location is the upcoming transformation of Hougang Central.
- The major Government Land Sales site at Hougang Central has already been awarded for approximately $1.5 billion.
- The upcoming project is planned as a major mixed-use development comprising residential and commercial components integrated with a new bus interchange, Hougang MRT station and a new town plaza.
- Approximately 830 new residential units are also planned as part of the development.
- Hougang MRT is also expected to become an interchange between the existing North East Line and the future Cross Island Line.This could potentially bring more residents, commuters, businesses and activity into Hougang Central over the coming years.
Contact Elson Wang at 9***** for full details and exclusive viewing.
Amenities
Air conditioner
Estimated mortgage
Mortgage breakdown
Est. monthly repayment
S$ 0 / mo
S$ 0 Principal
S$ 0 Interest
Upfront costs
Total downpayment
S$ 0
Downpayment
S$ 0 Loan amount at 0% Loan-to-value
The MidTown
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Recommendations
FAQs
The sale price of this unit at The MidTown is S$ 1,688,888.
Current PSF at The MidTown is about S$ 2,148.71 psf.
The estimated loan repayment is S$ 6,450 / mo.
The MidTown is located at 1189 Upper Serangoon Road Hougang / Punggol / Sengkang Serangoon / Thomson (D19-20).
Floor size of this unit at The MidTown is 786 sqft.
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