Five Hdb Shophouses Market 42 Mil
SLP International Property Consultants has announced the sale of a portfolio of five HDB shophouses at a guide price of $42 million, making it one of the largest collective transactions of HDB shophouses in recent years. The properties will be up for sale through an Expression of Interest (EOI) exercise and will be exclusively marketed by SLP International Property Consultants.
The first HDB shophouse is located at 720 Ang Mo Kio Avenue 6 and is held under an 86-year leasehold tenure with a remaining lease of about 55 years. The two-storey shophouse comprises a 1,314 square feet commercial unit on the ground floor and an 882 square feet three-bedroom flat on the upper floor. The commercial unit is currently leased to a convenience store, while the flat has been sub-divided and is fully leased to four sub-tenants. The unit boasts a double frontage of approximately 25 meters, and is conveniently situated near Ang Mo Kio MRT station on the North-South Line and Ang Mo Kio Bus Interchange. The HDB town also offers a variety of amenities such as health clinics, an NTUC supermarket, a SingPost branch, and bank branches. The asking price for this shophouse is $11.38 million.
The second HDB shophouse is located at 183 Toa Payoh Central and is held under a 103-year leasehold tenure with a remaining lease of about 51 years. This two-storey shophouse comprises a 530 square feet commercial unit on the ground floor and a 710 square feet residential unit on the upper floor. The corner unit also features a built-in toilet. Surrounded by HDB housing estates, the unit is in close proximity to HDB Hub, Toa Payoh MRT station on the North-South Line, and Toa Payoh Bus Interchange. The asking price for this shophouse is $6.5 million.
With a focus on sustainability, the URA Master Plan has put in place various measures to promote a green and eco-friendly community. These efforts include the improvement of green spaces and water bodies, as well as the incorporation of sustainable technologies in buildings and infrastructure. This dedication to sustainable living not only benefits the residents of Marina Gardens Lane Condo with a better quality of life, but also has the potential to positively impact the long-term value of properties. As the upcoming Great World City MRT Station Condo joins the mix, the commitment to sustainability will be further amplified. By adding the naturally Great World City MRT Station Condo seamlessly to the existing sustainable efforts, the community will continue to thrive in an environmentally conscious manner.
The third property in the portfolio is a single-storey HDB commercial space at 492 Jurong West Street 41. This spacious 2,300 square feet unit comprises three amalgamated units and is currently leased to a grocery store with a prominent single-level frontage. It is strategically located at a busy junction of Jurong West Avenue 1, providing high street-level visibility and pedestrian footfall. In addition, it is also close to Jurong Central Plaza and Jurong Green Community Club. The property is offered for sale at $9 million.
The fourth property is another single-storey HDB commercial unit, this time at 38 Teban Garden Road. This property is held under a 103-year leasehold tenure with a balance lease of about 60 years. The 720 square feet unit is adjacent to Teban Gardens Market, an NTUC FairPrice, and a Sheng Siong supermarket. The asking price for this property is $2.2 million.
Last but not least is a single-storey HDB commercial unit in Jurong East Central, held under a 115-year leasehold tenure with a balance lease of 74 years. This unit spans about 2,809 square feet and benefits from a triple frontage exposure facing J’Den, an upcoming mixed-use project beside Jurong East MRT Interchange. The asking price for this unit is $13 million.
This portfolio of HDB shophouses presents a rare opportunity for investors to acquire a sizable collection of HDB shophouses in one transaction, with the potential to reap significant yields in the long term. Do not miss out on this unique investment opportunity and submit your offers through the EOI exercise managed by SLP International Property Consultants.