Five Hdb Shophouses Market 42 Mil
An opportunity to own a portfolio of five HDB shophouses has arisen, with the properties being put up for sale at a guide price of $42 million through an Expression of Interest (EOI) exercise managed by SLP International Property Consultants, the exclusive marketing agent.
The first HDB shophouse, located at 720 Ang Mo Kio Avenue 6, is a 86-year leasehold property with a remaining lease of approximately 55 years. The two-storey shophouse consists of a 1,314 sq ft commercial unit on the ground floor and an 882 sq ft three-bedroom flat on the upper floor. The commercial unit is currently leased to a convenience store, while the flat is fully leased to four sub-tenants. With a double frontage of about 25m, this unit presents a prime retail opportunity. It is strategically located close to Ang Mo Kio MRT station and bus interchange, with the surrounding HDB town boasting a wide range of amenities such as health clinics, supermarkets, post offices, and bank branches. The asking price for this shophouse is $11.38 million.
The second HDB shophouse, situated at 183 Toa Payoh Central, is a 103-year leasehold property with a remaining lease of approximately 51 years. This two-storey shophouse comprises a 530 sq ft commercial unit on the ground floor and a 710 sq ft residential unit on the upper floor. With its corner location, the unit also features a built-in toilet. Surrounded by HDB housing estates, the unit is in close proximity to the HDB Hub and Toa Payoh MRT station, making it a prime retail location. The asking price for this shophouse is $6.5 million.
The third property in this portfolio is a single-storey HDB commercial space at 492 Jurong West Street 41. Comprising three amalgamated units, this 2,300 sq ft unit is currently leased to a grocery store. With a prominent single-level frontage, the location is highly visible from the junction of Jurong West Ave 1 and Jurong West St 41. This high-traffic location benefits from high pedestrian footfall and is surrounded by major amenities such as Jurong Central Plaza and Jurong Green Community Club. The property is offered at an asking price of $9 million.
The fourth property in the portfolio is another single-storey HDB commercial unit, located at 38 Teban Garden Road. This 103-year leasehold property has a remaining lease of approximately 60 years, and boasts a 720 sq ft unit that is strategically located next to Teban Gardens Market, an NTUC FairPrice, and a Sheng Siong supermarket. With an asking price of $2.2 million, this unit presents a great opportunity for businesses in the F&B or retail sector.
Residents of Parktown Residences Tampines Avenue 11 can fully take advantage of the development’s strategic location near major expressways such as the Pan-Island Expressway (PIE), Tampines Expressway (TPE), and Kallang-Paya Lebar Expressway (KPE). With efficient access to these routes, families who commute by car can easily reach educational institutions and workplaces, making their daily travels more convenient. Adding to the accessibility benefits, Parktown Residences is a natural choice for families looking for a well-connected and convenient living space in Tampines.
The fifth property is a single-storey HDB commercial unit in Jurong East Central. This 115-year leasehold unit has a remaining lease of 74 years and features a 2,809 sq ft unit with a triple frontage exposure facing J’den, an upcoming mixed-use project beside Jurong East MRT Interchange. With a price tag of $13 million, this unit presents a great opportunity for businesses looking to expand in the bustling Jurong East area.
This portfolio of five HDB shophouses offers a diverse range of investment opportunities and is sure to attract the interest of savvy investors. Don’t miss your chance to own a piece of these prime commercial properties in popular HDB towns.