Anonymous

27 Oct 2021

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Thinking of jumping in to buy a commercial property, together with a group of friends. Total purchase price approx $2.4m. Any real estate pros here can advise?

Backstory: 4 friends + me decided to pool our funds together to buy a B1 industrial property. It's a warehouse unit. We thought this property would be a good play on the logistics boom in South East Asia. This is especially true with large logistics companies like Ninjavan or Lalamove having a big presence in SG.

We have done some background research into PSF vs other properties, typical usage of neighbouring properties, etc etc. But I think we can use some help from other pros who have experience in this field.

Any real estate investors or agents here have advice for impt things to be aware of when doing such investments? Thanks in advance

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Redbrick Mortgage Advisory

03 Nov 2021

Maestro at Redbrick Mortgage Advisory

Hi there,

Here are some other consideration factors:

Check who owns the property ?
How will the property be owned, is it under personal capacity or setting up a company to purchase?
Will the lease be extendable and what are the odds of approval by JTC?
What is the remaining lease of the warehouse?

Here's a link to a recent article that I had covered on commercial properties: https://www.redbrick.sg/blog/what-you-need-to-k...

Cheers,

Jo'An Tan

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Frankie Rappaport

28 Oct 2021

Good lawyer needed

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Nathaniel

27 Oct 2021

I think you've got some of the basic technicals covered (e.g. PSF comparison analysis, footfall anal...

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