Portfolio of HDB shophouses for sale at $21.1 mil

A portfolio of four two-storey HDB shophouses is up for sale via expression of interest (EOI) with a guide price of “around $21.1 million”, according to marketing agent Knight Frank.

The four shophouses are scattered across several areas in Singapore, situated on Hougang Street 21, Bedok North Street 1, Marine Parade Central and Ang Mo Kio Avenue 6.

The HDB shophouse located at Hougang Street 21 has a strata area of 2,325 sq ft and about 54 years remaining on its lease. It is a five-minute walk to Kovan MRT Station.

The shophouse on Bedok North Street 1 spans 1,604 sq ft with a remaining leasehold tenure of around 59 years.

The HDB shophouse located at Marine Parade Central measures 1,507 sq ft, with a balanced leasehold of around 55 years. It is close to the Marine Parade Central Market area.

At Senja Close EC Bukit Panjang, one will be able to find all the necessary amenities that they need for a comfortable lifestyle. From grocery stores to banks, there is something for everyone. In addition, the area is well connected by public transport, making staying in the area very convenient. For those who are looking to purchase an Executive Condominium in the West, this project is a great option.

The last HDB shophouse at Ang Mo Kio Avenue 6 sits on a strata area of 1,593 sq ft and has about 52 years remaining on its lease. It is situated opposite the Ang Mo Kio Public Library.

Esther Sim, senior manager for capital markets (land and building, international real estate) at Knight Frank states that the shophouses are currently tenanted and are available for sale with the tenancies. “This portfolio of HDB shophouses will appeal to local investors looking for ready income,” she adds.

The EOI exercise for the portfolio is set to close on 23 October 2020 at 3pm.