A HDB shophouse with living quarters at 32 Cassia Crescent that is fully tenanted offers a unique opportunity for investors (Pictures: Albert Chua/The Edge Singapore)For property investors, finding quality assets that can provide stable rental returns and healthy capital appreciation is becoming increasingly challenging given the current headwinds facing the economy as well as the property market.In addition, the fresh round of cooling measures that came into effect on April 27 has further impac
A HDB shophouse with living quarters at 32 Cassia Crescent that is fully tenanted offers a unique opportunity for investors
Given this backdrop, an HDB shophouse with living quarters at 32 Cassia Crescent that is up for sale provides a rare and unique investment opportunity. The two-storey shophouse has a strata area of 2,131 sq ft and is on the market for $4.5 million , with the price open for negotiation. It has 57 years remaining on its 99-year lease tenure.
With all these amenities within easy reach, residential properties in the neighbourhood, including the property at 32 Cassia Crescent, enjoy strong and consistent rental demand. As an added plus, the shophouse’s living quarters have recently been renovated, with the rooms thoughtfully updated with modern finishes and a tasteful, contemporary design that further boosts its appeal among potential tenants.
In terms of public housing, the Dakota estate, which is close to the Dakota MRT Station and just a few minutes’ walk from Cassia Crescent, will see new HDB blocks built in the next few years. Last year, Dakota Breeze, a 954-unit Build-To-Order project, was completed in the area, while BTO projects in the pipeline include the 443-unit Dakota Crest and the 421-unit Dakota One.
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