Savills Singapore, as the exclusive marketing agent, is pleased to offer for sale a portfolio of three HDB shophouses and a 999-year strata office at Peninsula Plaza.
Located in the heart of mature estates of Bedok, Bukit Batok and Ghim Moh, all three HDB shophouses enjoy large population catchment from educational institutions, public and private housing in the immediate vicinity, providing high pedestrian traffic and retail footfall throughout the day.
All assets in the portfolio are fully tenanted and strategically situated within walking distance to train stations and bus interchanges.
Ms. Sophia Lim, Director, Investment Sales & Capital Markets at Savills Singapore, shared, “Supply of HDB shophouses are extremely limited as there are only about 8,500 privately held HDB shophouses in Singapore with HDB having discontinued the sale of HDB shops in 1998. We are seeing stronger interest and increased enquiries from both owner occupiers and investors towards this asset class. They appeal to buyers for their stable income yield, defensive nature with 80% of Singapore’s resident population staying in HDB flats, and tradability as foreigners face no restrictions in ownership.”
Apart from the HDB shophouses, the portfolio also includes a strata office located on a high floor at Peninsula Plaza, a 999-year 30-storey commercial development comprising of a 6-storey retail podium and a 24-storey office tower with carparks on Level 6.
Prominently located at the junction of Coleman Street and North Bridge Road, the office unit boasts of unblocked views of the city skyline towards Marina Bay Sands, St. Andrews Cathedral and CHIJMES.
Ms. Lim adds, “All four assets in this portfolio boast of excellent attributes such as superior locations with seamless connectivity to transport nodes, prominent frontage with high footfall throughout the day, palatable quantum with the potential of rental increment and capital upside in the mid- to long-term. A defensive and diversified portfolio with stable recurring income, we are expecting strong interest from both investors and owner occupiers.”
The guide price for the entire portfolio is approximately $15.55 million. Assets in the Portfolio can be sold either individually or collectively. The portfolio is offered for sale via an Expression of Interest exercise that closes on 16 August 2024, Friday at 3pm.
Click here to view Portfolio Of 3 Hdb Shophouses & A 999-year Strata Office