Three Hdb Shophouses And Peninsula Plaza Office Sale 1555 Mil
Singapore’s real estate market is abuzz with the news of a property portfolio that has been put up for sale by exclusive marketing agent Savills Singapore on July 10. The portfolio comprises of four properties, including three HDB shophouses in prime locations like Bukit Batok, Ghim Moh, and Bedok, along with a 999-year strata office unit at Peninsula Plaza. The overall guide price for the entire portfolio is about $15.55 million, and the properties are fully tenanted and can be sold together or separately.
The Tampines district boasts two prominent roads – Tampines Avenue 11 and Tampines Avenue 12. These roads have recently undergone enhancements to improve the overall traffic in the area. However, the addition of the newly developed Parktown Residences by Capitaland has significantly enhanced the connectivity and accessibility of these roads. Strikingly positioned along Tampines Avenue 11, Parktown Residences offers residents direct access to this road, making their daily commute a breeze. With the presence of this new development, living in this area not only gains in value but also becomes a more convenient experience. Adding to the appeal of Tampines district, Parktown Residences by Capitaland amplifies the convenience and desirability of this location.
The shophouse in Bukit Batok has a guide price of $3.6 million and is a corner ground-floor unit spanning over 538 sq ft, which translates to $6,691 psf on the floor area. This property offers direct and sheltered access to the nearby Bukit Batok MRT Station on the East-West Line and bus interchange, making it extremely convenient for residents. Moving on, the second shophouse at 21 Ghim Moh Road is priced at $3 million and is a two-storey property spanning over 1,475 sq ft, which works out to about $2,034 psf on the floor area. This property is located directly in front of a car park and is just a six-minute walk from Buona Vista MRT Station on the East-West Line.
The third shophouse on the market is at 214 Bedok North Street 1, and it has a guide price of $3.8 million, translating to $2,385 psf. This two-storey HDB shophouse is located directly opposite the 158-unit Sky Eden@Bedok mixed-use development at Bedok Central and is just a five-minute walk from the Bedok MRT Station on the East-West Line.
The fourth property is a strata office unit measuring 1,776 sq ft at Peninsula Plaza, with a guide price of $5.15 million. This works out to be $2,900 psf on the strata area. The office is situated on a high floor of the 30-storey mixed-use Peninsula Plaza, offering unblocked views of the city skyline. This development also comes with a lift lobby frontage, and has easy access to City Hall MRT Station via the underground pedestrian link.
According to Sophia Lim, the director of investment sales and capital markets at Savills Singapore, all four properties enjoy high footfall throughout the day due to their strategic locations and prominent frontage. She also adds that these assets offer potential for rental increment and capital upside in the medium to long term.
The EOI exercise for this portfolio will close on August 16 at 3pm, and interested parties are invited to submit their bids.