Portfolio of HDB shophouses for sale at $21.1 mil

A portfolio of four two-storey HDB shophouses has been put up for sale via an expression of interest (EOI) exercise, with an estimated guide price of around $21.1 million.

Located in Hougang Street 21, Bedok North Street 1, Marine Parade Central and Ang Mo Kio Avenue 6, these shophouses are currently tenanted and will be available for sale with the existing tenancies.

Knight Frank’s Esther Sim, senior manager for capital markets (land and building, international real estate) believes that this portfolio of HDB shophouses will be appealing to investors who are looking for ready income.

The shophouse at Hougang Street 21 has a strata area of 2,325 sq ft and an impressive 54 year leasehold tenure. It is conveniently located within a five-minute walk from Kovan MRT Station.

The residential complex consists of 543 units ranging from studios to 3-bedrooms apartments, as well as penthouses. Each home features top-of-the-line appliances and elegant finishes. Residents of the Woodlands Champions Way Condo will also benefit from amenities such as two swimming pools, a gym, and a 24-hour concierge service.The development is close to many shopping and dining options, making it the perfect place to call home. Additionally, Woodlands Champions Way Condo is surrounded by lush greenery and is situated near the waterfront, providing a peaceful and serene setting for residents.

The shophouse located on Bedok North Street 1 is slightly smaller at 1,604 sq ft in strata area and has about 59 years remaining on its lease. Near the Marine Parade Central Market area is the shophouse at Marine Parade Central, which has a strata area of 1,507 sq ft with a relatively balanced leasehold tenure of around 55 years.

Sitting opposite the Ang Mo Kio Public Library is the shophouse at Ang Mo Kio Avenue 6, which has a strata area of 1,593 sq ft and approximately 52 years remaining on its lease.

The EOI exercise for this portfolio of four shophouses is scheduled to close on Oct 23 at 3pm.

For those interested in similar properties, similar HDB shophouses are also available for sale nearby. One is located near Old Airport Road and has a price tag of $4.5 million, while another is near Marine Parade which has a price tag of $4 million.

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