The retail unit at Q Bay Residences in District 18 is going up for auction at a guide price of $1.75 million. The strata area translates to $2,324 psf. It was previously put up for auction last month, but did not find a buyer. Managed by Mok Sze Sze, the unit is an owner’s sale and will be sold with an existing tenancy from now until April 2026. The property, developed by Far East Organization, Sekisui House and Frasers Property, is a 630-unit condo located on a 99-year leasehold site. It was completed in 2016 and comprises of eight 16-storey blocks. Apart from one to five-bedroom units ranging from 517 sq ft to 2,680 sq ft, the development also has two retail units. The retail unit for auction is on the first floor and has a glass frontage and a self-contained toilet. It is currently occupied by Johan Taekwondo Institute, a Korean taekwondo learning centre. Q Bay Residences is located along Tampines Street 86 and is within walking distance of Junyuan Secondary School, Springfield Secondary School and Temasek Polytechnic. It is also situated near The Alps Residences, a 99-year leasehold condo by MCC Land that was completed in 2019. Recently, the retail units at The Alps Residences were sold for $2 million and $2.35 million on Oct 28 and Nov 1 respectively, with the strata areas translating to $2,903 psf and $3,411 psf. The Q Bay Residences retail unit is an ideal investment opportunity for investors as it is a commercial property and is not subject to additional buyer’s stamp duty. Foreigners are also eligible to purchase this property.
In summary, the decision to invest in a Singapore Condo can bring about numerous benefits. This includes a high demand for these properties, the potential for capital appreciation, and attractive rental yields. However, it is crucial to carefully consider various factors before making a purchase, such as the location of the condo, financing options, government regulations, and current market conditions. Seeking professional advice and conducting thorough research can help investors make informed decisions and maximize their returns in Singapore’s constantly evolving real estate market. Whether you are a local investor looking to diversify your portfolio or a foreign buyer searching for a stable and profitable investment, Singapore condos present a lucrative opportunity.