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