WCEGA TOWER FOR SALE — HIGH-FLOOR OFFICE WITH STABLE TENANT
DIRECT OWNER | ATTRACTIVE RENTAL YIELD | INVESTMENT OPPORTUNITY
Asking Price: S$720,000
If you are looking for a commercial property in Singapore that offers a combination of existing rental income, high-floor positioning, practical office space and attractive investment potential, this WCEGA Tower unit is worth considering.
Offered directly by the owner, this 1,173 sqft office unit is currently tenanted and generating S$3,700 in monthly rental income. With an indicated rental yield of approximately 6.2%, the property may appeal to investors who prefer an income-generating commercial unit rather than purchasing a vacant property and having to immediately look for a tenant.
PROPERTY AT A GLANCE
Property: WCEGA Tower
Type: Office
Asking Price: S$720,000
Size: 1,173 sqft
Tenure: 60 years
Floor: High Floor
Condition: Fully Fitted
Postal Code: 658065
District: D23 — Dairy Farm / Bukit Panjang / Choa Chu Kang
GST: No GST Unit
Current Status: Tenanted
Monthly Rental: S$3,700
Indicative Rental Yield: 6.2%
MCST: Low Monthly Maintenance Fee
AN INCOME-GENERATING COMMERCIAL PROPERTY
One of the key attractions of this WCEGA Tower unit is that it is already tenanted.
For investors, an existing tenancy can provide greater convenience because the property already has a rental arrangement in place. Instead of purchasing an empty office and starting the search for a tenant from scratch, buyers can consider an investment that is already generating rental income.
The unit currently brings in S$3,700 per month, equivalent to approximately S$44,400 in gross annual rental income based on the stated monthly rent.
At an asking price of S$720,000, the property presents an indicated rental yield of approximately 6.2%, making it an interesting option for buyers who are evaluating commercial properties based on income potential.
As with any property investment, actual returns will depend on factors such as tenancy terms, operating expenses, maintenance fees, financing costs, taxes and future rental conditions.
HIGH-FLOOR POSITION
The unit is situated on a high floor, which can be an appealing feature for both investors and future commercial users.
A higher-floor office can offer a more comfortable working environment and may provide better views and a quieter atmosphere compared with lower-floor units. For an investor, having a commercially practical unit in a high-floor position may also help maintain the property’s appeal when considering future leasing or resale opportunities.
The unit measures approximately 1,173 sqft, providing a substantial amount of space for office use. The current fully fitted condition can also provide additional convenience for an incoming owner or tenant, depending on the buyer’s intended use and requirements.
SUITABLE FOR INVESTORS
This property may be particularly suitable for buyers who are looking for a commercial asset with an established rental arrangement.
Instead of focusing only on the purchase price, investors can look at the bigger picture: the property’s current rental income, rental yield, location, unit size, floor level, maintenance costs and long-term commercial potential.
With a monthly rental of S$3,700 and a stated low monthly MCST, the property offers several characteristics that income-focused buyers may find attractive.
The fact that this is a No GST Unit may also be an important consideration for eligible buyers, depending on their individual circumstances and the applicable tax requirements. Buyers are encouraged to verify the GST treatment and all associated costs with their appointed property professional before making a purchase decision.
DIRECT OWNER SALE
The property is being marketed as a direct-owner sale, with the owner described as motivated to sell.
For serious buyers, this may provide an opportunity to discuss the property directly and understand more about the current tenancy, rental arrangement, property condition and sale expectations.
A commercial property purchase is a significant financial decision, so interested buyers should take the time to review all relevant documents and conduct appropriate due diligence before committing to the transaction.
LOCATION — D23
WCEGA Tower is located within District 23, covering areas including Dairy Farm, Bukit Panjang and Choa Chu Kang.
The wider District 23 area provides a mix of residential developments, commercial properties and established amenities. For businesses, accessibility and surrounding infrastructure can be important considerations when selecting an office location.
For investors, the surrounding environment is also relevant when assessing the long-term attractiveness of a commercial property.
The property’s postal code is 658065.
WHY CONSIDER THIS PROPERTY?
There are several reasons why this WCEGA Tower office may attract attention from commercial property buyers:
1. Existing Tenant
The unit is currently tenanted, providing an existing rental arrangement.
2. Attractive Rental Income
The stated monthly rental is S$3,700, providing approximately S$44,400 in gross rental income annually before expenses and other applicable costs.
3. 6.2% Indicative Yield
The advertised rental yield of approximately 6.2% may be attractive to investors comparing income-generating commercial properties.
4. High-Floor Unit
The high-floor position adds to the unit’s appeal and may be beneficial for both investment and future commercial use.
5. No GST Unit
The property is advertised as a No GST Unit, which may be an important consideration for eligible buyers.
6. Low MCST
The stated low monthly MCST can help keep ongoing ownership costs more manageable, subject to confirmation of the current fees.
7. Practical Size
At approximately 1,173 sqft, the unit provides a substantial office space suitable for various business requirements, subject to relevant regulations and approvals.
FINANCING CONSIDERATIONS
The advertised financing information indicates an interest rate starting from 1.55%, with a potential maximum loan tenure of up to 35 years and a minimum down payment of approximately 20% of the property price.
For a purchase price of S$720,000, 20% would be approximately S$144,000, before considering other purchase-related costs, taxes, legal fees, financing fees and any other applicable expenses.
Financing terms can vary significantly depending on the buyer’s financial profile, loan structure, property type and prevailing bank requirements. Buyers should obtain an official loan assessment before relying on any indicative financing figure.
A PROPERTY FOR BUYERS WHO VALUE EXISTING INCOME
Not every buyer wants to purchase a vacant commercial property and take on the responsibility of finding a tenant immediately.
For those who prefer an investment with an existing tenant, this WCEGA Tower unit offers a more straightforward starting point. The property already has a stated rental income of S$3,700 per month, allowing prospective buyers to evaluate the investment based on an existing tenancy rather than purely on projected rental income.
At the same time, buyers should remember that rental income is not guaranteed indefinitely. The tenancy agreement, remaining lease period, tenant profile, rental renewal terms and market rental rates should all be carefully reviewed before purchase.
IDEAL FOR SERIOUS PROPERTY INVESTORS
This property could be an appealing option for an investor searching for a commercial unit in Singapore with a combination of size, high-floor positioning, existing tenancy and rental yield potential.
The asking price of S$720,000 places the unit within a range that may attract investors looking to diversify into commercial property.
Whether you are an experienced property investor or considering your first commercial property purchase, it is important to evaluate the opportunity based on your own investment objectives, financing capacity and expected holding period.
VIEWING & ENQUIRIES
Serious buyers who would like to learn more about the property can enquire for additional information regarding:
- Current tenancy agreement
- Rental income and payment history
- Remaining tenancy period
- MCST maintenance fees
- Property condition
- Sale terms
- Viewing availability
- Relevant property documents
- Financing options
Direct owner. Motivated seller. Currently tenanted.
If you are looking for a high-floor commercial office with existing rental income, this WCEGA Tower unit could be an opportunity worth exploring.
Asking Price: S$720,000
Size: 1,173 sqft
Monthly Rental: S$3,700
Indicative Yield: 6.2%
High Floor | Fully Fitted | Tenanted | No GST Unit
IMPORTANT PROPERTY SCAM REMINDER
When dealing with property transactions, always verify the identity and registration details of any property agent through Singapore’s Council for Estate Agencies (CEA) Public Register. Buyers should never transfer money simply to secure a viewing appointment and should conduct proper due diligence before making any payment or signing any agreement.
All property information, rental figures, yield calculations, financing information and availability should be independently verified with the owner or appointed property professional before making a purchase decision.