Kaki Bukit B2 Terrace · 99 Kaki Bukit Avenue 1

The asset

An individual four-storey strata B2 terrace at 99 Kaki Bukit Avenue 1, about 8,800 sqft in total with each floor around 2,000 sqft plus an open roof terrace, asking $3,800,000 or about $432 psf. It is a corner unit in original, bare condition, sold with the existing tenancy, with two entrances, three car lots in front for easy loading, an internal lift rated to one tonne, three-phase power, and it allows round-the-clock operations. B2 uses such as car workshops, carpentry and metal work are permitted, and Ivan notes that a dormitory application may be possible, subject to the usual approvals. The lease is a 60-year one with around 30 years or more remaining according to the listing, bank financing applies, and Kaki Bukit MRT on the Downtown Line is 600 m away. Marketed by Ivan Lim of The Property Collective, CEA R047812E.

Ivan Lim holds this listing for the team because it fits the brief of an asset-progression buyer: durable fundamentals, a defensible location, and an entry that compounds rather than flips. A short call will tell us whether it fits where you are.