Geylang Property Financing
If you are interested in buying or renting a property in Geylang, it is important to understand the various options that are available. The first option that may seem attractive is a freehold, but you should be aware that it is likely that the price will only rise with time. This is due to the fact that there are a number of commercial properties in the area, which are subject to a gradual appreciation over time. Another popular type of property that is available in Geylang is a shophouse. Freehold nature allows for the gradual appreciation of the commercial property
While you may be wondering why a commercial property should be the center of your attention, it does have its own advantages. For one, it allows you to ride the wave of the property market cycles. Its freehold nature also means less impulse buying and more rental yield strategies.
The shophouse is a quaint concept in Singapore, but it is also an intriguing prospect for prospective owners and investors. These old-school structures offer a unique low-rise vibe, which is something of a rarity in the skyscraper-heavy capital city. They are also the source of a small but impressive number of enbloc sales.
One of the newer enblocs in this corner of town is the Mori at Guillemard Road, which boasts an interesting wabi-sabi concept. On top of its unique architecture, the development also has a swimming pool.
The most obvious advantage is the fact that it is located in an area where transport links are a breeze. Geylang MRT station, Paya Lebar MRT station and Aljunied MRT station are all within easy reach. In addition, the area is also home to three major shopping centres, making it a prime location for both business and leisure.
There are a handful of other boutique developments in the Geylang vicinity, including the aforementioned Rezi 24. However, there are a few that really stand out. Of course, there is the Mori, but there are more. If you are looking for something with a low-key price tag, a unit at Mori could be just the ticket.
Although the Mori at Guillemard Road is not the first enbloc in the neighbourhood, it is still a worthy contender. With its wabi-sabi motif, and a snazzy rooftop swimming pool, it is a worthwhile move. And with a price tag of only $1619 per sq ft, it is the cheapest 2 bedroom condo in Geylang, which makes it the best value proposition in this precinct. This, along with its location near the centre of town, makes it a no-brainer for those relocating to the Lion City. City-fringe location in the Prime District 14
Geylang is a city fringe location in District 14. This neighbourhood in Singapore is home to a diverse community. Its proximity to the rest of the island makes it an accessible and convenient place to live in. There are also plenty of modern public amenities and retail malls to keep residents busy.
In terms of schools, District 14 offers a wide variety of choices. Residents can choose from schools like Eunos Primary School, Tanjong Katong Primary School, and Maha Bodhi School. Additionally, the district is close to Joo Chiat and Katong. These are two of the most sought-after foodie hotspots in Singapore.
The Paya Lebar area recently underwent a major overhaul to become a vibrant commercial hub. While the district lacks greenery, residents are fortunately close to massive nature hotspots. Moreover, the area has a massive bus interchange. Those living in the region are also close to the Singapore Sports Hub.
Paya Lebar is slated to be transformed into a new town from 2030s onwards. During the redevelopment, the former airport will be turned into a vibrant public space. Meanwhile, the Paya Lebar Air Base will inject activities into the district.
If you are looking for a good city-fringe location, you should check out TRE Residences. The development is situated on the City Fringe, just a short walk away from Aljunied MRT station. TRE is a newly developed condominium with an excellent location. You can enjoy a prime East Coast lifestyle in this enclave.
Another development worth checking out is Arena Residences. The freehold condominium is located near the Marina Financial Business Hub. Apart from the residential units, it features 16 retail outlets and a supermarket. Whether you are an investor or looking for a self-stay property, this is a great option.
The development is also conveniently located near the city centre. With a wide selection of eateries and shops, residents can easily spend time at the TRE Residences. On top of that, it is just a short drive from the heart of the city. Shophouses in Geylang
Geylang is a neighbourhood in District 14 with a rich history, dating back to the 1840s. It borders Hougang in the north, Bedok in the east, and Toa Payoh in the south. The area is surrounded by food and beverage establishments and is close to the Central Business District.
While Geylang is known as a red light district, it is actually home to a number of iconic Peranakan shophouses, also called Baba-Nonya style shophouses. These buildings were constructed by migrants who settled in Singapore during the early decades of the 20th century. They were often adorned with colourful facades and imported glazed tiles.
Many of these shophouses are preserved and redeveloped, retaining their heritage and creating an attractive streetscape. As a result, Geylang shophouses have a distinct aesthetic that is not readily found in other parts of the city.
In addition to being a great residential opportunity, Geylang shophouses are also suitable for office use. Shophouses in the Geylang area are zoned Commercial, meaning that companies and foreign investors can purchase them.
Some shophouses in Geylang are fully tenanted. They have a total floor area of about 18,000 sq ft. There are a number of shophouses in the area that are listed for sale. Most of them are freehold, so they allow property owners to ride the property market cycles, while enjoying a gradual appreciation.
One of the most popular Geylang shophouses is located in Lorong 24A. This is a boutique development with eight shophouses. Each shophouse has a unique style and design, blending contemporary and traditional charm. A row of seven of these shophouses are being offered for sale by Knight Frank Singapore.
If you're looking for a shophouse for sale in Geylang, the row of seven shophouses is currently being marketed by Knight Frank Singapore. This is a great chance to purchase a piece of the district's history. You will be able to buy a shophouse in a highly desirable location that is in close proximity to the Aljunied MRT station. senior debt finance
With its rich history and great food culture, this district offers a lot of potential for commercial property investors. Redlining effect on property markets in Geylang
Redlining is a practice by the US federal government in the 1930s to rezone neighborhoods. The main effect of this was to impose racial segregation in neighborhoods. In addition, redlining was used to stifle home ownership rates and investment in communities. It also resulted in a disparity in property values.
Today, the effects of redlining on property markets are not limited to the United States. There are reports of the same happening in Singapore, too. For example, the Geylang planning area in the central region of Singapore. Historically, this area was considered the last gold mine of real estate. But now, its price and potential may not be suitable for families or investors looking for a high rental yield.
Although the federal government has banned predatory interest rates and other practices that discriminate against homebuyers based on race, housing advocates say the trend is still going on. As a result, more and more residents in these areas have to pay for their own housing. If you're considering a purchase in Geylang, it's important to know the potential costs and risks.
These include the fact that there are fewer strata-titled owners, higher maintenance fees and more stringent financing requirements. However, if you're a buyer looking for a good location with excellent transportation links, there are plenty of options to choose from.
Another factor to consider is the plot ratio. This is a key indicator of the height of buildings. Higher prices are usually associated with larger developments. Plus, the more transactions a neighborhood sees, the more the prices will increase. Therefore, if the neighborhood isn't seeing as many deals, the price will be lower.
While these are all factors that make investing in Geylang properties a great option, it's still important to understand the potential costs and risks. You'll need to be cash-rich to afford a purchase and you'll also have to be ready to sell it at a loss if you don't want to. And the process can be complicated.
In the end, it's a case of weighing the pros and cons and deciding whether a particular location is right for you.
AUTHOR: JAZZY EXPERT – Search Engine Optimization Team Head at Linkedin