Page 27 - Homedirectory Landedn Edition September 2024

september 2024 店屋‘⼩妹’朱秋霖
SHOPHOUSES, OLD-WORLD CHARMS

COME WITH NOTHING,
GO WITH NOTHING, DEEDS STAY
Nothing is forever; inheriting a shophouse is a
blessing; the late kin has worked hard for it. What's
next? Is the shophouse in well-maintained condition
with ready rent income or in dilapidated condition
that requires a restoration, don't have the resources
to fix it, decided to monetize for better use?

If there is a will, it is not just a legal requirement but
also a matter of respect for the deceased. The best
practice is to follow through in harmony among
family members, ensuring that the late kin's wishes
are honoured.
M any investment instruments
are in the market

; shophouses are another promising option. Every
shophouse is different in terms of location, facade
typology, structural integrity, interior condition, land
tenure, existing/ potential built-up area, approvable
usage, rent income, etc., which derive its value. A desktop
indicative value is only a professional reference point.
Scan Tips in Buying Shophouse As a Seller: when an able, willing, and ready Buyer
presents a sincere offer. Have a final discussion
with the family members, consider the intent, and
accept. Once rejected, the Buyer takes back their
offer; they may and will never return.
Vice versa, as a Buyer: new to shophouses,
patience is a virtue. Take the time to gather all
necessary details. It's these details that will
empower you to make an informed decision. The
thorough research will pay off in the long run.
KEY COMPONENTS Above is a genuine sharing as a full-time certified
commercial realtor focused on the shophouse
In the process of considering selling or looking sector, with a passion for redevelopment, a trainer,
around to purchase a shophouse, do you have and a Q&As facilitator. Personal track record: over
uncertainties? It's a wiser choice to interview a few 200 commercial leases and 56 sales/purchase
licensed representatives to ensure you appoint one transactions. This extensive experience will bring
fully conversant, familiar & experienced to undertake value to readers' understanding of shophouse
and facilitate the case. This step will prevent being dealings.
short-changed as a seller or overpaying as a Blessings,
purchaser. Also, a shield against potential pitfalls Gracelynn Zhu Qiu Linn
throughout the cycle till the end, a happy, successful CEA RegNo. R030126H
Hp: +65 8129 0009
sales and purchase completion.
Disclaimer: While every effort is made to ensure the information's accuracy, the real estate agency and the
salesperson shall not be responsible for any loss or damage incurred in connection with the use of the contents.
All rights reserved.