A pair of units at Twin Vew is for sale and this is a great chance for people to buy one of the few retail spaces in a private residential area in Singapores West Coast. The units are owned by CSC Land Group. They are selling them for $3.75 million.
These two units are on the ground floor near the entrance of the condominium so they are easy to see for people living there and visitors. Together they have 1,109 square feet of space which means they cost around $3,380 per square foot. They are in a spot for businesses that need people to walk by every day.
One good thing about these units is that they already have a tenant, FairPrice Xpress so the new owner will get money from rent away. This makes them a safer investment, especially since they are in an area with a lot of people who can be customers.
These retail spaces are special because they are the commercial units in Twin Vew. Since the condominium was finished the units have been owned by the developer, CSC Land Group. Now they are being sold for the time, which is a rare chance for investors to buy a long-term commercial asset with not much competition.
Twin Vew is a project for CSC Land Group because it was their first residential project in Singapore. It was completed in 2021. Has 520 residential units in two 36-storey towers. The condominium has all kinds of homes from one-bedroom apartments to four-bedroom and five-bedroom penthouses, which means there are a lot of people living there who can support the retail space.
Twin Vew is in District 5 near the Pandan River. It is close to other residential areas and business parks. The area is still being developed, which makes the commercial properties there more attractive in the term.
People in the industry think that commercial units in private condominiums are becoming more popular. Since not many new projects have spaces investors are looking at these assets to diversify their investments and get stable rent. There are not many of these properties which helps keep their value high.
Recently, a retail unit at Sky Eden @ Bedok was sold for $4.26 million, which’s about $5,500 per square foot. This project has 158 units and a retail podium with 12 shops and it will be finished next year.
This year the retail podium at Sky Eden @ Bedok was put up for sale. It got a lot of attention from investors. They are looking for assets that have a built-in customer base.
There is also a lot of interest in Artisan 8 a mixed-use development in Bishan. Since it launched year three ground-floor retail units have been sold and they went for between $3,700 and $4,066 per square foot.
The Twin View commercial units are a chance for investors to buy a retail asset that makes money and has limited supply. They are the commercial spaces, in the condominium and they have a tenant already which makes them very attractive.
