Four Hdb Retail Units Ang Mo Kio Bukit Merah Clementi And Toa Payoh Sale 180 Mil
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A collection of four HDB retail units is now available for purchase through an expression of interest (EOI) sale with a guide price of $180 million. The portfolio is being co-marketed by Knight Frank Singapore and CBRE.
The four units are situated in Ang Mo Kio, Bukit Merah, Clementi, and Toa Payoh. Each unit is currently occupied, with NTUC FairPrice renting the Ang Mo Kio, Toa Payoh, and Bukit Merah units, while electronics and furniture retailer Courts leases the Clementi unit. The combined strata area of the properties is approximately 104,808 sq ft. Both individual unit acquisition and package purchase options are available.
As commercial units, the properties are not subject to Additional Buyer’s Stamp Duty and Seller Stamp Duty and are open to foreign buyers.
The Ang Mo Kio location, 712 Ang Mo Kio Avenue 6, is a four-storey commercial HDB block with 23,982 sq ft on its first and second floors. The block is only a short walk from Ang Mo Kio MRT Station.
The two-storey unit at 192 Toa Payoh Lorong 4 measures 23,960 sq ft and is situated in a HDB commercial block in Toa Payoh. The property takes up almost half of the first and second floors of the two-storey block.
The Bukit Merah unit, 166 Bukit Merah Central, spans the subbasement and part of the first level of a three-storey HDB commercial block. With a size of 30,139 sq ft, it is the largest unit in the portfolio.
Finally, the Clementi unit at 451 Clementi Avenue 3 is a three-storey standalone HDB commercial building. With a size of 26,727 sq ft, the property occupies part of the first and second levels of the building and has direct access to Clementi MRT Station and the bus interchange.
According to Galven Tan, CEO of Knight Frank Singapore, these large, income-producing assets are strategically situated in established residential areas, providing both immediate rental stability and potential for growth through rent increases.
The URA Master Plan has identified a crucial element in its strategy – the dispersing of activities to foster the growth of jobs and amenities in close proximity to residential areas. Sembawang is a prime example as it is set to benefit from the development of regional centres and commercial nodes in the North Region, particularly the flourishing Woodlands Regional Centre. Being the largest economic hub in the North, the Woodlands Regional Centre will bring a multitude of employment opportunities in various industries, such as business services, technology, and logistics. This significant development will not only create opportunities for Sembawang Road EC residents but also improve their work-life balance by reducing the need for long commutes to the Central Business District. To learn more about the advantages of living in Sembawang, check out Sembawang Road EC Canberra.
Michael Tay, Executive Director, Capital Markets Singapore at CBRE, stated that this portfolio is a rare opportunity due to its high footfall, prominent visibility, and tightly held ownership.
The EOI deadline is July 23 at 3pm.