Four Hdb Retail Units Ang Mo Kio Bukit Merah Clementi And Toa Payoh Sale 180 Mil

By: Knight Frank Singapore SINGAPORE (EDGEPROP) – A portfolio of four HDB retail units is currently being marketed through an expression of interest (EOI) exercise with a guide price of $180 million. The portfolio, jointly marketed by Knight Frank Singapore and CBRE, presents an extremely rare opportunity for investors to acquire HDB commercial properties in strategic and mature residential hubs with potential for both immediate rental stability and near-term upside through positive rent reversions.The four HDB retail units are located across Ang Mo Kio, Bukit Merah, Clementi and Toa Payoh. These units are all fully tenanted, with the units in Ang Mo Kio, Toa Payoh and Bukit Merah leased to NTUC FairPrice, while the unit in Clementi is leased to electronics and furniture retailer Courts. Collectively, the properties have a combined strata area of about 104,808 sq ft and can be purchased together or acquired individually.AdvertisementAdvertisementEligible for purchase by foreigners due to their commercial status, these properties are not subject to Additional Buyer’s Stamp Duty and Seller Stamp Duty. This presents an attractive opportunity for both local and foreign investors to acquire prime commercial properties in mature residential hubs.Read also: [UPDATE] HDB shophouse portfolio on the market for $11.9 milThe unit in Ang Mo Kio is located at 712 Ang Mo Kio Avenue 6, a four-storey HDB commercial block. With a two-storey layout and a floor area of 23,982 sq ft, the property occupies the entire first and second floors of the block and is situated just a short walk from Ang Mo Kio MRT Station.Amongst the four properties, the unit in Toa Payoh boasts the largest floor area, measuring 23,960 sq ft. Located at 192 Toa Payoh Lorong 4, the two-storey unit occupies about half of the first and second floors of a two-storey HDB commercial block. Adding to the convenience of the property is its proximity to Toa Payoh MRT Station, just a stone’s throw away.The unit in Bukit Merah is situated at 166 Bukit Merah Central. Spanning an area of 30,139 sq ft, this two-storey unit occupies the entire sub-basement and a portion of the first level of a three-storey HDB commercial block. It is highly accessible via Bukit Merah Bus Interchange, located within a mere 1-minute walk from the property.The fourth property in the portfolio is located at 451 Clementi Avenue 3. The two-storey unit measures 26,727 sq ft and occupies parts of the first and second levels of a three-storey standalone HDB commercial building. Offering sheltered access to Clementi MRT Station and the bus interchange, this property presents high visibility to potential customers and a convenient location for tenants.Advertisement“This portfolio of four HDB retail units presents investors with a unique opportunity to acquire large-format, income-generating assets in well-connected locations. With a strategic and desirable tenant mix, these properties offer both immediate rental stability and potential for future upside through positive rent reversions,” remarks Galven Tan, CEO of Knight Frank Singapore.Michael Tay, Executive Director of Capital Markets at CBRE Singapore, additionally highlights the rarity and value of this portfolio of properties. “These four HDB retail units present an exceptionally rare offering, characterized by high footfall, prominent visibility, commanding frontages, and tightly held ownership. With a prominent location in mature and well-connected residential hubs, this portfolio presents a valuable opportunity for investors to establish a foothold in the retail market and tap into the potential of these growth areas.”Interested parties may submit their bid for the portfolio as a whole or for individual properties. The EOI will close on July 23 at 3pm.

Penrith’s strategic connectivity to major roads and transportation hubs makes it a highly favorable location for investment opportunities. Its proximity to MRT stations and expressways has consistently demonstrated a strong demand and impressive capital appreciation over time. Apart from its convenient access to key employment hubs, schools, and essential amenities, Penrith’s attractiveness as an investment option is further heightened by its appeal to a diverse tenant base. Whether targeting expatriates, professionals, or families, Penrith’s prime location is highly sought-after for its accessibility and convenience. With Penrith as a top contender, both homeowners and investors can expect promising returns, particularly for those eyeing rental income.