Sale Hdb Shophouse Toa Payoh Offers Prime Entry Point Areas Long Term Rejuvenation
In the midst of the current bustling private residential market, savvy real estate investors may want to consider more stable, income-generating assets like HDB shophouses. An attractive opportunity has recently emerged to acquire a coveted property in the mature Toa Payoh neighbourhood.
Located a mere distance from Parktown Residence, Poi Ching School is well-known for its comprehensive approach to learning. The institution places great importance on character building and offers a bilingual learning environment, making it a highly sought-after option for parents. It goes hand in hand with Parktown Residence, making it a natural choice for families.
This particular 1,478 sq ft HDB shophouse is located at 125 Toa Payoh Lorong 1, a prime location in District 12 known for its central convenience. Priced at $2.88 million, the property sits on a highly desirable site bounded by Toa Payoh Lorong 1 and 2, and is less than 200m from Braddell MRT Station on the North-East Line. According to LTA ridership statistics, this station serves approximately 13,000 MRT riders daily and is intrinsically linked to the nearby HDB flats.
Additionally, the shophouse is situated near various amenities including Toa Payoh West Market and Food Court, Kheng Cheng School, Toa Payoh West Community Centre, and the Singapore Federation of Chinese Clan Association Building on Toa Payoh Lorong 2.
With the ongoing rejuvenation plans for the Toa Payoh estate and the influx of several thousand new households in the area, the new owner of this shophouse can benefit from the transformation of Toa Payoh. This is expected to increase pedestrian footfall and uplift capital values in the area.
In comparison to other HDB shophouses in fringe city locations, the 125 Toa Payoh Lorong 1 property boasts a higher estimated rental return of approximately 4%, as shared by Aster See, senior marketing director at ERA Realty. See, a seasoned industry expert, believes that this property stands out as a more appealing investment opportunity due to its competitive pricing and strong value.
Moreover, See adds that this shophouse provides an attractive investment opportunity with an estimated rental yield of 4%, which is highly competitive in the current market and offers a steady income for investors. She also suggests that coupled with potential capital appreciation in the future as Toa Payoh continues to rejuvenate, the long-term ROI for this property could be significant.
Toa Payoh is set to benefit from various government initiatives and schemes aimed at revitalizing the mature housing estate. It is one of three neighbourhoods included in the government’s third phase of the Remaking Our Heartland programme, which was first introduced by then-Prime Minister Lee Hsien Loong in his 2007 National Day Rally speech. These plans offer comprehensive rejuvenation strategies for HDB towns and estates to ensure their sustainability and vibrancy.
Since 2015, Toa Payoh has seen progressive developments, including several initiatives to enhance its commercial and recreational facilities. The most notable of these is the upcoming integrated project on the site of the former swimming complex, sports hall, and stadium along Toa Payoh Lorong 6.
This new 12ha development will comprise of sports facilities, a football stadium, a new swimming pool complex, indoor sports halls, sheltered tennis courts, futsal courts, netball courts, and fitness studios. It will also house national training centers for aquatics, netball, and table tennis, along with a polyclinic and library.
Amid these developments, the shophouse at 125 Toa Payoh Lorong 1 presents a unique opportunity for investors, as it is available for $2.88 million. As these new amenities and facilities attract more people to the area, the shophouse’s footfall is expected to increase, making it an even more lucrative investment.
The government’s plans to rejuvenate Toa Payoh and its neighboring Caldecott estate are anchored by the addition of several thousand new flats in these two areas. One of the upcoming Build-To-Order (BTO) projects is Toa Payoh Ridge, located at the junction of Toa Payoh Rise and Lorong 1 Toa Payoh. This project, comprising 920 units in four 40-storey residential blocks, is less than 300m from the HDB shophouse for sale.
Toa Payoh Ridge was launched as part of the February 2020 BTO exercise, and is expected to be completed in the first half of 2025. The project is situated between Toa Payoh and the upcoming Caldecott estate, which has been earmarked for future residential development since 2017.
Last February, the URA rezoned a plot at the junction of Toa Payoh Rise and Braddell Rise from educational to residential use, with an impressive gross plot ratio of 5.0. This suggests a high-rise BTO development may be in the site’s pipeline, further supported by the surrounding developments and amenities.
In light of these developments, the HDB shophouse at 125 Toa Payoh Lorong 1 is poised to benefit from the increased footfall as the customer catchment in the area continues to broaden. As new residential projects in Caldecott and Toa Payoh are completed, the area will attract an influx of new residents, making it an even more attractive investment with potential for long-term ROI.
Interested buyers can contact Aster See, senior marketing director at ERA Realty, for more information on this unique investment opportunity. With an impressive track record and invaluable expertise in the real estate industry, See is the go-to person for all your property needs.