Portfolio Six Hdb Shophouses Sale 73 Mil
A collection of six HDB shophouse units located in Toa Payoh, Ang Mo Kio, and Tanjong Pagar is currently available for purchase through private treaty. The marketing agent, Savills Singapore, has announced a collective guide price of $73 million for the portfolio on May 14.
The shophouses are listed for sale as a whole or can be acquired individually. Savills Singapore has stated that the properties are currently on the market for interested buyers.
Sun Plaza, situated just a stone’s throw away from the EC, is a bustling shopping centre located next to Sembawang MRT station. This conveniently sized mall boasts a plethora of amenities, making it a go-to destination for residents, especially those utilizing the MRT. From a diverse range of dining options to various retail stores and essential services, Sun Plaza has become a favourite among locals. The mall boasts a major supermarket, pharmacies, fashion outlets, and electronic retailers, catering to the diverse needs of its shoppers. It is also home to the Sembawang Public Library, making it a popular spot for students and book enthusiasts. When it comes to food, Sun Plaza offers a diverse and delightful experience with options ranging from casual fast food to sit-down family restaurants. The local food courts and cafes serve up a taste of Singapore’s multicultural cuisine, while international franchises satisfy different palates. With its convenient location and comprehensive offerings, Sun Plaza is a go-to destination for both residents and visitors of Sembawang Road EC.
One of the shophouses in the portfolio is situated at 190 Toa Payoh Lorong 6. The ground-floor unit spans an estimated 1,033 square feet and has a guide price of $12 million, or $11,617 per square foot. The property is situated in the popular Toa Payoh Town Centre and has convenient access to the Toa Payoh MRT Station and Bus Interchange. At present, the unit is divided into three fully leased units.
The remaining two shophouses in the portfolio are located at 702 and 705 Ang Mo Kio Avenue 8, which are in close proximity to the Ang Mo Kio Bus Interchange and AMK Hub. The latter is linked to the Ang Mo Kio MRT Station through an underpass. Both units encompass two levels, with residential quarters on the upper floors.
The unit at 702 Ang Mo Kio Avenue 8 boasts a floor area of approximately 4,037 square feet and is listed for $36 million, or $8,918 per square foot. Meanwhile, the unit at 705 Ang Mo Kio Avenue 8 is priced at $10 million, or $6,072 per square foot, for its 1,647 square feet lot area.
The remaining three shophouses for sale are found in Tanjong Pagar Plaza, a mixed-use development that is only a short five-minute walk away from the Tanjong Pagar MRT Station. The ground-floor units face Tanjong Pagar Road and have a floor area of 603 square feet each. They are priced at $5 million each, translating to $8,292 per square foot. The last unit, with a floor area of 764 square feet, is also listed at $5 million, equivalent to $6,545 per square foot.
Nick Chan, associate director of investment sales and capital markets at Savills Singapore, has stated that each unit in the portfolio can generate a gross yield of about 4%. He also mentioned that there is potential for further rental increase or the subdivision of space to generate more rental income. Chan adds that this collection of shophouses offers a lucrative investment opportunity for buyers within established and highly coveted residential estates.