Paya Lebar Shophouse And Ang Mo Kio Hdb Shophouse Sale 1006 Mil
A joint expression of interest (EOI) exercise has been launched for the sale of a freehold shophouse in Paya Lebar and an HDB shophouse in Ang Mo Kio, with a combined guide price of $10.06 million. Interested buyers have the option to bid for one or both of the properties as part of the EOI.
The first property situated in Paya Lebar is a two-storey freehold shophouse located at 135 Upper Paya Lebar Road. With a guide price of $5.58 million, this shophouse will be sold with vacant possession. Spanning over 1,514 sq ft of land, this property is zoned for residential with commercial use on the first storey. It boasts a built-up area of approximately 2,630 sq ft, at a pricing of around $2,122 psf – making it more affordable than many new 99-year leasehold condo launches in the Outside Central Region. According to Alex Wong and Cara Wong from PropNex RTD Commercial Team, who are managing the sale, this property presents a great investment opportunity.
In addition, the shophouse has obtained approval from the Urban Redevelopment Authority (URA) for the establishment of a 22-bed backpackers’ hostel on the ground floor, while the upper floor has been granted approval for residential use with eight rooms. Furthermore, this shophouse is conveniently located 400m from Tai Seng MRT Station on the Circle Line.
On the other hand, the second property is a two-storey HDB shophouse situated at 727 Ang Mo Kio Avenue 6 and is being offered for sale with a guide price of $4.48 million. This property has 54 years remaining on its 86-year lease. With a floor area of about 1,636 sq ft, this shophouse comprises a ground-floor shop spanning 743 sq ft, and upper-floor living quarters covering 893 sq ft. The upper floor has been granted approval for commercial use. Currently, both floors are being leased to an aesthetic clinic until March 2026. According to Alex Wong and Esther Ng from PropNex, who are marketing the shophouse, this property presents a rare opportunity to acquire a secure, income-generating asset with stable rental income, potential for higher yields upon lease renewal, strong town centre rejuvenation prospects, and a prime location in Ang Mo Kio Town Centre.
The expansive 545,314 square feet site of Parktown Residence in Tampines Avenue 11 boasts a 99-year leasehold tenure. It is earmarked for a dynamic mixed-use development that will feature a combination of commercial and residential spaces and will be seamlessly integrated with a bus interchange, community club, and hawker centre. CapitaLand will have a 50% ownership stake in the joint venture, while UOL and SingLand will equally share the remaining 50%. With the inclusion of Parktown Residence Condo in the project, the development is poised to offer a comprehensive and well-rounded living experience.
Interested parties can submit their expressions of interest for the properties by Sept 26 at 3pm.