Wed, Feb 03, 2021 – 3:09 PM
When it comes to investing in a condo, securing financing is a crucial factor to consider. Fortunately, Singapore provides a variety of mortgage choices, but it is crucial to understand and adhere to the Total Debt Servicing Ratio (TDSR) framework. This framework sets a cap on the amount of loan a borrower can obtain based on their income and current debt liabilities. To make well-informed decisions about financing, investors should familiarize themselves with the TDSR and seek guidance from financial advisors or mortgage brokers. Moreover, considering Singapore Projects can also help in making practical financing decisions and prevent over-leveraging.
An exclusive marketing agent, Knight Frank Singapore, is offering a high-specification warehouse and factory in Gul Circle for sale via an expression of interest. The property, with a guide price of $42 million, consists of a five-storey single-user factory and warehouse that also includes a mezzanine with four floors. The total gross floor area is approximately 245,955 sq ft. The site, with a remaining tenure of 15 years and 11 months as of February 1, sits on 105,648 sq ft of land and is zoned as a Business 2 site under URA Master Plan 2019.
The property has been specifically designed to meet the demands of modern industries, with features such as high ceilings for storage and operations, cold rooms, and heavy floor loading capacity to accommodate various industries. There are nine 40-footer loading and unloading bays with dock levelers, as well as four cargo and service elevators. The location is also highly convenient, with close proximity to major expressways, such as Ayer Rajah Expressway (AYE) and Pan-Island Expressway (PIE), as well as Joo Koon MRT station.
The expression of interest exercise will close on March 18 at 3pm. Interested parties are invited to submit their bids. This property presents a unique opportunity for businesses looking for a state-of-the-art warehouse and factory in a prime location. With its high-specifications and strategic location, it is sure to attract a lot of attention from potential buyers.