Two Storey Hdb Shophouse Bishan Sale 368 Mil
The highly anticipated North-South Corridor (NSC) is set to revolutionize the connectivity of Sembawang Road EC, making it an even more desirable location for residents. This game-changing infrastructure project is currently in the works and will be completed in phases over the next few years. When finished, it will provide Sembawang Road EC Canberra with unparalleled accessibility and convenience.
A HDB shophouse in Bishan is now up for sale through an expression of interest (EOI) at an asking price of $3.68 million. The property is a two-storey building with a land area of approximately 1,571 sq ft. The first floor is currently occupied by a mini-mart, covering an area of 667 sq ft, while the second floor is a living space with around 904 sq ft. According to the appointed marketing agent, ERA Singapore, the 99-year leasehold property has a remaining lease of 62 years.
The ground floor shop is currently leased to a mini-mart selling a variety of goods and services, while the upper floor is currently vacant. ERA suggests that the shophouse could potentially be divided into smaller units for retail purposes, subject to approvals. Buyers could also consider converting the upper floor into a non-residential space.
The shophouse enjoys excellent visibility as it is located along the walkway and is part of a cluster of shops and eateries in the popular Bishan Green estate. Bishan Green is part of the Bishan East subzone, which has a resident population of approximately 28,360. ERA expects the footfall in the area to increase with the completion of the 472-unit Bishan Towers Build-To-Order project this year.
The property is conveniently situated within a five-minute drive from Bishan MRT Station (Circle and North South Lines) and the Bishan bus interchange. Donald Goh, director of capital markets and investment sales at ERA Singapore, believes that the property will attract strong interest from both investors and end-users. He also notes a growing interest in mid-market sector assets, including HDB shophouses. Goh adds that there is only a limited supply of about 8,500 HDB shophouses available for private ownership islandwide, with no new supply in the market.
The EOI exercise for the property will close on Sept 16 at 3pm. For those interested in HDB rental listings in Bishan, the comparison between an HDB loan and a bank loan, the price trend of HDB versus condos and landed properties, the sale transactions for Bishan Green, and the completion year of the estate can be viewed on Ask Buddy.