Investing in shop house locations

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On the other hand, as many shophouses are centrally located, living or working from one offers a level of unparalleled convenience. Some fashion magazines and clothing brands even host photo shoots with shophouses as their backdrop. Another benefit of this property type is that if the Urban Redevelopment Authority URA needs to take back land to pave new roads or other infrastructure projects, shophouses will be among the very last to be claimed.

As there is a lack of shophouses in Singapore, the government wants to preserve as many of them as possible. In case of a possible land reclamation, shophouses are hardly ever torn down, which makes shophouses a safe investment.

As you consider whether buying a shophouse is right for you, remember to find the right home renovation loan to upkeep the interiors. All of these areas are located in and around the centre of Singapore, giving most shophouses a prime real estate location. Whether your goal is to use a shophouse for personal use or rent it out to a business, their central location will be increasingly valuable.

Cedric Yong, Pixabay image Shophouses Will Only Increase in Value Singapore is connected to the regional and global markets, especially when it comes to property investments. Shophouses, for example, tend to increase in value — even in a weak or unstable property market. Unlike other luxury items, such as expensive cars or fine art, shophouses remain strong and gain value overtime. Thanks to their status and trendy appeal, shophouses will never go out of fashion.

After all, there is a scarcity of this property type; currently there are only around 6, shophouses in Singapore. These were early efforts to conserve our buildings of architectural, historical and cultural significance in Singapore. The s and early s saw the rehabilitation of State-owned shophouses by URA along Murray Street and Tudor Court to change public perception of the value of these pre-war buildings.

Singapore was increasingly interested in conservation throughout the s. In , the pilot restoration project by URA at No. Subsequently, restoration was carried out for the rest of the Tanjong Pagar precinct and elsewhere. Vision and Principles Conservation of our built heritage is an important part of urban planning and development in Singapore. The conservation of these buildings and areas is testament to our rich historical, architectural, and cultural heritage.

Conserving and restoring our historic buildings also adds to the distinctive character and identity of our city. More importantly, they give us a sense of history and memory even as we move into the future. However, Conservation is much more than just preserving a facade or the external shell of a building. It is also important that we retain the inherent spirit and original ambience of these historic buildings as far as possible.

This requires an appreciation and understanding of the architectural structure of the buildings, good management, and practice in conserving buildings. These principles apply no matter how small or how large the heritage building is. The original structure and architectural elements of historic buildings should be retained and restored as far as possible, without reconstructing the entire building. Parts of the building should only be replaced when it is absolutely necessary.

Before any conservation work begins, thorough research and documentation should be carried out on the conservation building to ensure that quality restoration work is carried out through careful and accurate repair. This process helps ensure that conservation works adhere to the 3R principle. Before the restoration project began, extensive research was carried out on the original design of the skyscraper, so that the renovation and extension works would be compatible in spirit and in design.

With careful repair and consolidation, the original creamy travertine and Nero Portaro marble cladding was restored to its original sheen. The original mild-steel windows were also retained and reglazed with high-performance glass for greater sound insulation for the hotel rooms, without compromising the slender appearance of the window frames. Following the 3R principle, this old office building has been reinvented and upgraded to meet modern needs as a hotel for the Ascott group, while maintaining its rich heritage value.

They are also commonly found throughout the historic cities of South East Asia. These buildings can be used for both business and living. Constructed between the s and the s, these shophouses formed the majority of the pre-WW2 urban fabric of the old city centre as well as several other parts of Singapore. These buildings are generally two- to three- storeys high, built in contiguous blocks with common party walls.

Shophouses therefore form the bulk of our gazetted conservation buildings. The shophouses still around today have been carefully restored and conserved according to our conservation guidelines. It is one of the last few untouched Straits-Chinese Houses in Singapore. The main hall features elaborate and intricately carved structures of floor to ceiling screens and partitions.

Key Elements of the Shophouses Description These are principle load bearing walls that separate a shophouse from its neighbouring shophouse. Timber Structural Members This refers to the main and secondary timber beams, that span from one party wall to the other and supports each floor. It also includes the timber floor boards, and timber rafters that support the roof. Airwells Airwells are courtyards that are exposed to the sky, they provide natural ventilation and lighting to the interior of the shophouse They facilitate a comfortable indoor environment in our tropical climate.

Rear Court An open courtyard located at the back of the shophouse. It is bounded by the rear boundary wall, service block, rear elevation of the main shophouse and the party wall. This area was traditionally used for functional needs such as the kitchen and the toilet. Timber Windows Timber framed windows that are designed in the French or Casement style. Timber Staircase This refers to the staircase inside the shophouse, which are often of timber structural construction In some houses, the timber balustrades can be of ornate design.

Facades from different architectural eras will have different aesthetic approaches. The Upper Floor This projects over the five-footway to form a covered pedestrian arcade. The Columns Located at the front of the building. They support the upper floors and form five-foot way colonnades. The Five-Footway This provides pedestrians with a sheltered environment for passage away from the hot sun and torrential rain. This feature was mandated by Raffles since the first Town Plan for Singapore.

Conservation Districts Our conservation guidelines are applied in varying degrees to the different conservation districts.

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Choices include strip center, neighborhood center, outlet center, freestanding, restaurant, day care, gas station and more. Other asset type filters include office and specialty properties and their sub-types. Search results can be filtered by location, price, cap rate, square footage, keyword, tenancy status and more. Brevitas Storefront Property Brevitas offers commercial real estate listings in over 60 countries. With Brevitas, you can search postings, post wants and receive custom search alerts for free.

Paid monthly plans allow you to access off market listings exclusive to Brevitas, create saved listings folders and utilize premium search features. Zillow Storefront Property With more listings than any other platform, Zillow can be a good place to search for commercial real estate for sale, despite the fact that it is primarily a residential listings platform. Purchasing FSBO properties can be an excellent strategy, saving you money no agent or brokerage fees and time deal directly with the primary decision maker.

Buildings By Owner searches can be performed for all properties within the database or filtered by location, property type including office, retail and special purpose , price range, building size and keyword. Storefront Property for Sale Example Searches Below we provide step-by-step instructions for searching LoopNet for storefront property for sale in San Francisco and for searching Brevitas for storefront property for sale in Miami.

You can use these same steps to search LoopNet and Brevitas for storefront property for sale in your target area. Select Storefront. Then select any other search criteria you desire and click the red Search button in the lower left corner. This will bring you to the search results page. Your results will be displayed on an interactive map, and in list form, with large pictures and some property details displayed directly on the search page.

You can also choose to save your search by clicking on the Save Search button in the upper right-hand corner of the search results page. On the results page, click the Filters drop-down menu. You can select from a variety of property types, including mixed use, office, retail and special purpose.

You can also select sub-types for each of these asset classes. Additional search filters include price, cap rate, building size, key word and lease type. A Brevitas search for retail spaces for sale in Miami nets dozens of listings, displayed by map and in list form. As with LoopNet, clicking on a specific property listing will bring you to a page with more pictures and property details.

We don't yet have any hard figures provided by Amazon as to how much grocery sales -- whether through Whole Foods' brick-and-mortar locations or online -- contribute to top-line growth. All of the results are simply consolidated. But why even focus on in-store when trends are decidedly moving toward online ordering of groceries and delivery. Amazon has an unmatched infrastructure via its enormous network of multimillion-dollar fulfillment centers throughout North America to get those groceries to your house faster and cheaper than the competition.

And while its grocery segment is minuscule right now compared to Walmart or Kroger, Amazon has shown time and again that it can quickly disrupt industries and grab market share by leveraging this network. To its credit, Walmart is moving fast -- and doing impressively well -- at offering its own delivery services.

The acquisition of Jet. But at the end of the day, Walmart still has to compete against an Amazon company with an enormous e-commerce lead, a better logistics and fulfillment network, and management that's willing to offer even deeper discounts to low-income customers to get them in the Amazon ecosystem. The best bets if you want to invest in grocery stocks As you can see, the deck is decidedly stacked against traditional grocers that count on food sales alone for the bulk of their income.

Without any type of membership program, these industry players will be fighting an uphill battle to remain the food provider of choice in their communities. Costco Costco should be able to survive thanks to its stellar reputation, ultra-low prices, and membership model. Recently, the company announced that same-store sales increased a whopping But that's not the best metric to evaluate the company's stock. In other words, Costco sells everything at a slight loss and makes all of its profit off membership dues.

Therefore, growth in membership dues -- through a combination of attracting new members and raising annual prices -- is a better indicator of the company's momentum than sales. That's why I remain pessimistic on the company's stock -- at least over the medium term -- thanks to a hefty price tag of 30 times free cash flow. I simply don't think that membership income will grow at a pace to justify that price tag.

Should that come down below 25, I would consider it a fair buy. Walmart Walmart should be able to remain relevant and a regular provider of groceries moving forward as well. The company has surprised me with its ability to jump-start its e-commerce operations after years of floundering. The most important recent move was the acquisition of Jet. Amazon If I had to choose one grocery stock as the biggest winner, it would definitely be Amazon.

The company's overarching mission is to be the earth's most customer-centric company. Since starting out as an online book-seller, Amazon has disrupted countless industries with this mission. Whether it's offering new ways to consume media e-readers or offering a plethora of benefits for very low prices Amazon Prime , the company has sought to simply make customers happy. Beyond Whole Foods, the company has a number of test-balloons in the industry.

Amazon Go -- an AI-infused shopping experience -- was recently rolled out to the public on a limited basis. Clearly, all the pieces are in place for Amazon to leverage its leading e-commerce position in the industry. That wasn't, however, by design: The stock has simply continued to grow since my initial purchase in , to the point where it has become a major force in my portfolio.

But when it comes to groceries, I think a powerful trio of factors will make it the king of the industry: an unmatched logistics and fulfillment network to guarantee quick delivery, a membership program that keeps customers locked in, and other more profitable business segments that will allow it to offer food for the same price or less than the competition.