Three HDB shophouses, Peninsula Plaza strata office for sale

A 999-year strata office at Peninsula Plaza is also up for sale at $5.15m.

A portfolio of three HDB shophouses and a 999-year strata office at Peninsula Plaza is up for sale, announced Savills Singapore, the sale’s exclusive marketing agent.

The three shophouses– one in Bukit Batok Central, one in Ghim Moh Road, and one in Bedok North Street– have a combined guide price of $10.4m

The Bukit Batok Central shophouse is a corner, ground floor HDB shop with dual frontage, with a total area of 538 square feet (sqft). It is reportedly just a minute’s walk away from the Bukit Batok MRT and Bus Interchange. Its guide price is set at $3.6m.

The 21 Ghim Moh Road shophouse is a 2-storey HDB shophouse with F&B approval on the ground floor, measuring 1,475 sqft. It is located opposite the Ghim Moh Market and Hawker Centre and has a guide price of $3m.

The 214 Bedok North Street shophouse is also a 2-storey HDB shophouse with a guide price of $3.8m. Measuring 1,583 sqft, it is directly opposite Sky Eden @ Bedok and is 5 minutes away by foot from the Bedok MRT station, according to Savills.

The strata office, meanwhile, is located at a high floor of the Peninsula Plaza. It measures 1,776 sqft in area and has sheltered access to the City Hall MRT via underground. It has a guide price of $5.15m.

The office reportedly enjoys unblocked views towards the Marina Bay Sands, St. Andrews’ Cathedral, and CHIJMES.

All assets in the portfolio are fully tenanted and strategically situated within walking distance to train stations and bus interchanges.

Sophia Lim, director, investment sales & capital markets at Savills Singapore, said that they have observed “stronger interest” and increased inquiries from both owner occupiers and investors for shophouses.

“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,” Lim said. 

“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,” she added.