Centrium-Freehold property in Little India..is it worth buying?


Fb CoverINTRODUCING CENTRIUM SQUARE

An exciting new mixed-use integrated commercial development in a prime location on Serangoon Road. With its bold, vibrant, contemporary design, it offers high specifications office spaces and modern medical suites all complemented by attractive shops and restaurants. Centrium Square provides the ideal setting for your business to excel within the best possible environment.

ARCHITECTURAL CONCEPT

The 115 metre long podium façade utilizes a at 2 dimensional geometric tessellation patterned screen, creating a visual effect of repeated three dimensional cubes.

The decorative façade is a modern interpretation of the historical shophouse streetscape, composed of varying heights, fine textures with intricate and colourfully detailed decorations. Vertical slots accentuate the façade screen as an expression of the shophouse party wall rhythmic datum.

Located at the fringe of Little India conservation area, the scale and textures created by the contemporary façade not only relate to the surrounding neighbourhood, but serve to create a distinct identity for the development. A vibrant and colourful façade reflects the multi-sensorial aspects of Little India and pays tribute to her historical shophouses by continuing the theme through a contemporary approach.

AT THE CENTRE OF IT

Perfectly situated in the heart of Serangoon Road, at the fringe of the city, Centrium Square offers unparalleled access to the Central Business District, Marina Bay and Orchard Road.

Within walking distance to Farrer Park MRT and easy access to major expressways such as the CTE and PIE means that getting to and from work has never been easier.

Surrounded by a wealth of amenities as well as the charms of Little India, Centrium Square truly offers the best of both worlds.

WHY INVEST IN CENTRIUM SQUARE?

FACTS & FIGURES

  • FREEHOLD
  • CENTRALLY LOCATED
  • LIMITED SUPPLY OF FREEHOLD COMMERCIAL UNITS
  • EXCELLENT BUSINESS AND INVESTMENT OPPORTUNITY
  • LTV OF UPTO 80% OF PURCHASE PRICE
  • NO ADDITIONAL BUYER’S STAMP DUTY
  • NO SELLER’S STAMP DUTY
  • NO RESTRICTION N FOREIGN OWNERSHIP
  • 68,500 SQUARE FEET LAND AREA
  • 19 STOREY, 109 METRE HIGH
  • 2 STOREY OF SHOPS AND RESTAURANTS
  • 3 STOREY OF MEDICAL SUITES
  • 11 STOREY OF STRATA OFFICE UNITS
  • 115 METRE FRONTAGE ALONG SERANGOON ROAD
  • 12 METRE HIGH COVERED SKY TERRACE
  • 4.9 METRE FLOOR TO FLOOR HEIGHT FOR OFFICES & MEDICAL SUITES
  • COLUMN FREE, EFFICIENT FLOOR PLATE FOR OFFICES & MEDICAL SUITES
  • 124 CAR PARK LOTS, 3 ACCESSIBLE LOTS, 1 FAMILY LOT
  • BICYCLE PARK ZONE AT THIRD STOREY
  • BCA GREEN MARK GOLD RATING

With the asking price of roughly $2600-2800 psf, it works out to be a 3.5% (estimated)returns on investment, which is not bad in current market(used to be 5-7%). And that is just a conservative figure. Or, if you look at returns on equity, it’s about 7.9%(estimated)

But let’s look at the prospect of having a prime office in a prime location just out of CBD. You have a presence in Little India like no other. In the next few years, India is on it’s way to become an economic superpower just like China. PM Modi has set out an unprecedented plan for its economy, that Singapore will be one of it’s main players, if the plan is successful. As such, there will be companies planning to put a foothold in Singapore as it’s base office before venturing into the rest of the world. And Singapore is the 8th largest source of investment and the largest among the asean countries. It is also India’s 9th biggest trading partner as of 2005-06.Its cumulative investment in India totals USD 3 billion as of 2006 and is expected to rise to US 5 billion by 2010 and US 10 billion by 2015. Where a better place to start a business than the heart of the Indians in Singapore? Little India, or Tekka, as it’s known locally. Food, temples, business people of all sorts flourish in this little piece of land, that brings seamless integration from India to Singapore. Those businesses that want to have a very professional look, may want have a look at Centrium, and to my knowledge, probably is the only one in Little India, the other being the Verge(which is undergoing refurbishment).

Office (1)

Eye LevelSome newspaper articles:

BT 4jan2016 ST 2 Feb 2016

So if you need more info, please don’t hesitate to call me at 91199344

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