Jalan Lokam, Tai Seng, North-east Region, Singapore
$2,613,113
Investing in a retail shop at Kensington Square is primarily a play on Freehold scarcity and stable residential catchment. In a market where most commercial malls are 99-year leasehold, this development offers a long-term "legacy" asset. Here is why it is considered a worthy investment: 1. The "Freehold" Advantage Commercial properties in Singapore are increasingly moving toward shorter leases (30 to 60 years). Owning a Freehold retail unit means your asset does not suffer from lease decay. This makes it a much stronger hedge against inflation and a better vehicle for wealth preservation across generations. 2. Built-in "Village" Catchment The mall is part of a mixed-use development with 141 residential units directly above it. Beyond the building itself, it serves as the primary "urban village" for several high-net-worth landed estates (Tai Keng Gardens, How Sun, and Bartley). This provides a "recession-proof" flow of customers who need daily essential services like clinics, hair salons, and tuition centers regardless of the economic climate. 3. Strategic "Exit" Value Because the entry price for small retail units at Kensington Square is relatively low & it is highly liquid. When you decide to sell, you are targeting a large pool of "mom-and-pop" investors or business owners looking for their own premises, rather than just institutional funds. 4. No ABSD and No SSD As a purely commercial property, buying a unit here does not incur Additional Buyer’s Stamp Duty (ABSD). You can also sell it at any time without paying Seller’s Stamp Duty (SSD). This provides investors with much more flexibility compared to residential real estate. 5. Synergy with the "Supermarket" Anchor The presence of a major anchor tenant (Giant Supermarket) ensures consistent daily footfall. Retail units benefit from the "spillover" effect—shoppers visiting for groceries often stop by the surrounding shops for services or quick retail needs. 6. Proximity to Growth Hubs Kensington Square is positioned near the Paya Lebar Commercial Hub and the upcoming Bidadari Estate. As these areas continue to develop, the surrounding land values and demand for suburban commercial spaces are expected to rise, potentially driving capital appreciation for early investors in the vicinity. Summary for Investors: If you are looking for a "safe haven" asset that provides a steady (though not aggressive) rental yield while protecting your capital through freehold ownership, a retail shop here is a solid choice. It is particularly attractive for those looking to diversify out of the residential market.
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Total Transactions
44
Average Price
S1.0M
Total Value
S46.0M
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