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City Gems | Colliers Flash

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Shophouses and strata offices offer upside at smaller investment quantum


 

The rising affluence of Asia and Singapore’s increasing popularity as a wealth management hub for family offices should drive demand for small to medium-sized real estate investments such as shophouses and strata offices.

Currently yielding about 2.0-3.0%, shophouses offer flexibility of property type usage, management autonomy for occupiers, and unique vintage value.

Strata offices offer investors exposure to the attractive Singapore office market at a palatable entry quantum. Notably, average CBD capital values grew at a 4.5% CAGR since the last trough in 2009 to 2020.

Download this Flash report to find out Colliers' forecast and recommendations for the commercial property sector in Singapore.

 


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City Gems | Colliers Flash

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Steven Tan

Executive Director

Capital Markets & Investment Services

Singapore

Steven has over 25 years in the real estate business and progressed through various roles in this industry from property management to valuation and auction then into investment sales to leading the  non-institutional capital markets – added to his original role as head of the auction team in Colliers Singapore.

Steven is known to preserve a close relationship with his clientele who are High Net-worth individuals - known in the local as Tow Kay (big boss in local dialect), investors from all walks of life and business partners big and small, making him the leading choice to head the non-institutional capital markets.

Steven was lauded for brokering the first freehold industrial sale in the year 2020 for 190 Macpherson Road at $88m. His other notable and worth-mentioning deals include the collective sale of 2-24 Phoenix Road at $42.6M which was sold above its reserved price and another industrial building (food factory) at 200 Pandan Loop at $56.8M.

Steven also qualified as a licensed appraiser with the Inland Revenue Authority of Singapore, a member of Singapore Institute of Surveyors and Valuers (MSISV) and member of Royal Institute of Chartered Surveyor (MRICS).

 

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John Bin

Director

Capital Markets & Investment Services

Singapore

John has about 8 years of experience in the real estate industry, primarily in the areas of investment sales and advisory in both in Singapore and the UK. ​


Based in Singapore, John’s portfolio focuses on a range of transactions and serves a versatile clientele of investors from overseas fund managers, local developers, institutional buyers and  family  offices. John has closed transactions from collective land sales, commercial buildings, JTC property, hotels and shophouses. 

 

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