There are many savvy investors in Singapore who are always on the lookout as to what is the next best investment. There have been plenty of ups and downs in the local property market and currently, it appears to be that we are headed for a dip in the property cycle. Based on that, many investors are cashing out on their residential properties because of the numerous measures in place to curb or slow down the rapid rise in prices in the recent years. With all that cash in the pocket, the question is: where should we invest next?
Commercial, industrial and overseas options look like a safe bet. With prices headed on an upward trend with no signs of slowing down, they are an attractive investment option. With the upcoming launch of a new freehold development, Hexacube, it is time for investors to be excited.
Here is why Hexacube looks like the best investment option in Singapore now:
1) Rare freehold office space and retail space
Land in Singapore is scarce. It is difficult and very expensive for business owners to consider owning their own properties when it comes to offices or retail shops. With the addition of rare strata-titled offices and shops in the market, it is an opportunity to buy into the commercial segment of Singapore at a new launch price.
2) Good location
When it comes to investing in properties in Singapore, location plays a huge part. More often than not, developments that are near the train stations have shown the largest increase in prices over the years. This is because many people are willing to pay a premium just to have the convenience. Located just 300 metres away from the Eunos MRT and Bus Interchange, it is indeed a prime location that is rare. Not only that, with the upcoming shift of the nearby Paya Lebar air base, the redevelopment in the area will also bring up all the prices of properties in the area.
3) No cooling measures or stamp duties
Many investors have shunned away from buying residential properties in Singapore due to the steep stamp duties in place. Depending on the quantum you buy your property, you can definitely expect to pay at least five to six figures just in property taxes alone. However, there are still no property taxes in place when it comes to commercial properties. Hence, it is an attractive buy as the money can be put to better use or translate to better rental yield.
There are plenty of reasons why Hexacube is the best investment option in Singapore right now, but the above three reasons can justify any investor going for it. It is an opportunity not to be missed.

