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View Full Version : 540sqft 30yr Lease Shop at Clementi Central – Sold at $2.71M



focus
03-04-11, 16:10
A new shop unit using only 30yrs lease is sold for $2.71M by Colliers International Auction on 23rd March 2011.

This is $5k psf and its' 30yrs ..

Sheeze... so if you have a HDB shophouse with 60yrs lease left and is 4000sqft in size, would that mean you can ask for $5k psf X 4000sqft X 2(2x30yrs lease) = $40mil ??

How come that guy bidded so much for a 30yr lease? Does not make sense ....

So how about condo with 60yrs lease left? how to value? or a Factory with 30yrs new lease?

devilplate
03-04-11, 17:06
A new shop unit using only 30yrs lease is sold for $2.71M by Colliers International Auction on 23rd March 2011.

This is $5k psf and its' 30yrs ..

Sheeze... so if you have a HDB shophouse with 60yrs lease left and is 4000sqft in size, would that mean you can ask for $5k psf X 4000sqft X 2(2x30yrs lease) = $40mil ??

How come that guy bidded so much for a 30yr lease? Does not make sense ....

So how about condo with 60yrs lease left? how to value? or a Factory with 30yrs new lease?

whr is the shop lot located? HDB shophse?

30yr lease.....at least 10% yield to make it worthwhile? work out to be 22k+ pm....:scared-1:

or rather to breakeven : 2.71mil/30yrs/12mths= 7.5k++ pm :scared-1: :scared-1: :scared-1:

rattydrama
03-04-11, 22:11
A new shop unit using only 30yrs lease is sold for $2.71M by Colliers International Auction on 23rd March 2011.

This is $5k psf and its' 30yrs ..

Sheeze... so if you have a HDB shophouse with 60yrs lease left and is 4000sqft in size, would that mean you can ask for $5k psf X 4000sqft X 2(2x30yrs lease) = $40mil ??

How come that guy bidded so much for a 30yr lease? Does not make sense ....

So how about condo with 60yrs lease left? how to value? or a Factory with 30yrs new lease?



Is this double sty type where top floor can rent to students?

Clementi central good place. Knew someone invested in shop house and collecting 8 k pm. Klkk never work. He only primary school cannt speak eng.