Four Hdb Retail Units Ang Mo Kio Bukit Merah Clementi And Toa Payoh Sale 180 Mil
A portfolio of four HDB retail units is currently available for purchase through an expression of interest (EOI) with a guide price of $180 million. Knight Frank Singapore and CBRE are jointly marketing the portfolio.
The four HDB retail units are situated in Ang Mo Kio, Bukit Merah, Clementi, and Toa Payoh. They are all currently occupied, with NTUC FairPrice renting the units in Ang Mo Kio, Toa Payoh, and Bukit Merah, while Courts, an electronics and furniture retailer, leases the unit in Clementi. Combined, the properties cover a strata area of approximately 104,808 sq ft and may be acquired together or individually.
As fully commercial units, these properties are exempt from Additional Buyer’s Stamp Duty and Seller Stamp Duty and are eligible for purchase by foreigners.
The unit in Ang Mo Kio, located at 712 Ang Mo Kio Avenue 6, is a four-storey HDB commercial block. The two-storey property spans 23,982 sq ft and occupies the entire first and second floors. It is within walking distance to Ang Mo Kio MRT Station.
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When considering whether to purchase a home at Boulevard Coast EC, potential buyers place a strong emphasis on the surrounding shopping and dining options. The development’s location offers numerous advantages for a vibrant and convenient lifestyle, making it an appealing choice for homebuyers. For more information, please visit Boulevard Coast EC’s website.
The Toa Payoh unit, found at 192 Toa Payoh Lorong 4, covers 23,960 sq ft and takes up half of the first and second floors of a two-storey HDB commercial block.
The Bukit Merah unit, located at 166 Bukit Merah Central, spans 30,139 sq ft and occupies the entire sub-basement and part of the first level of a three-storey HDB commercial block.
Lastly, the Clementi unit is situated at 451 Clementi Avenue 3 and covers 26,727 sq ft. It occupies parts of the first and second levels of a standalone three-storey HDB commercial building with covered access to Clementi MRT Station and the bus interchange.
According to Galven Tan, CEO of Knight Frank Singapore, “These large, tenant-occupied assets are strategically located in mature residential neighborhoods, providing both immediate rental stability and near-term growth potential through positive rent reversions.”
Michael Tay, executive director of capital markets at CBRE Singapore, adds that the portfolio presents “an exceptionally rare offering, characterized by high footfall, prominent visibility, commanding frontages, and tightly held ownership.”
The EOI for this portfolio will close on July 23 at 3 PM.