.jpg?94s68LhKXVNxG1wg9jJq7DJV98yyYApX&itok=iWCkFNT8 "The unit at 712 Ang Mo Kio Avenue 6 (Picture: Knight Frank)")
A portfolio of four HDB retail units is up for sale through an expression of interest (EOI) exercise with a guide price of $180 million. The portfolio is being jointly marketed by Knight Frank Singapore and CBRE.
The four HDB retail units are located across Ang Mo Kio, Bukit Merah, Clementi and Toa Payoh. They are all tenanted, with the units at Ang Mo Kio, Toa Payoh, and Bukit Merah leased to NTUC FairPrice, while the unit at Clementi is leased to electronics and furniture retailer Courts. The properties have a combined strata area of about 104,808 sq ft. The units can be purchased together or acquired individually.
As fully commercial units, the properties are not subject to Additional Buyer’s Stamp Duty and Seller Stamp Duty, and are eligible for purchase by foreigners.
The unit in Ang Mo Kio is located at 712 Ang Mo Kio Avenue 6, a four-storey HDB commercial block. The two-storey property measures 23,982 sq ft and occupies the entire first and second floors. It is a short walk from Ang Mo Kio MRT Station.
192 Toa Payoh Lorong 4 (Picture: Knight Frank)
The Toa Payoh unit is located at 192 Toa Payoh Lorong 4. Measuring 23,960 sq ft, the two-storey unit takes up about half of the first and second floors of a two-storey HDB commercial block.
166 Bukit Merah Central (Picture: Knight Frank)
The unit in Bukit Merah is located at 166 Bukit Merah Central. The 30,139 sq ft unit spans the entire sub-basement and part of the first level of a three-storey HDB commercial block.
451 Clementi Avenue 3 (Picture: Knight Frank)
The Clementi unit is located at 451 Clementi Avenue 3. Measuring 26,727 sq ft, the unit occupies parts of the first and second levels of a three-storey standalone HDB commercial building. It has sheltered access to Clementi MRT Station and the bus interchange.
“These large-format, income-generating assets are strategically located in mature residential hubs, offering both immediate rental stability and near-term upside through positive rent reversions,” remarks Galven Tan, CEO of Knight Frank Singapore.
Michael Tay, executive director of capital markets at CBRE Singapore, adds that the portfolio presents “an exceptionally rare offering, characterised by high footfall, prominent visibility, commanding frontages, and tightly held ownership.”
The EOI will close on July 23 at 3pm.
