06 Apr '11, 2pm

Niche investment in Singapore: SINGAPORE: Some investors have recently turned to a niche form of investment - bu...

Niche investment in Singapore: SINGAPORE: Some investors have recently turned to a niche form of investment - bu...

SINGAPORE: Some investors have recently turned to a niche form of investment - buying columbarium niches. Nirvana Memorial Garden, a columbarium at Old Choa Chu Kang Road, has been in business for two years. So far, about 300 of its customers are said to have bought niches for the purpose of investment. A part-time cleaner, who spent about S$20,000 on four niches, said: "I bought a more expensive one and a normal one. It's like buying flats and condos. My brother told me about people who bought an entire row of niches and managed to sell a few units for quite a lot. Some people really want the units next to their family." Currently, a niche can cost between S$2,900 and S$18,000. Jessie Ong, Nirvana Memorial Garden's marketing & public relations manager, said there are some tell-tale signs when a customer isn't buying the niche for his own use. "From our conversation with o...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

Comments

  1. 11 Jul '12, 7am

    Anyone interested to take over a columbarium niche (single) from Nirvana? Its situated at Suit 1 (VVIP), eye level. Willing to let go at 15% lower then market price.
    Interested please leave down your contact info. Thanks.

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