Three Hdb Shophouses And Peninsula Plaza Office Sale 1555 Mil
SINGAPORE (EDGEPROP) – A real estate portfolio comprising of three HDB shophouses located in Bukit Batok, Ghim Moh and Bedok, as well as a 999-year strata office unit at Peninsula Plaza, has been launched for sale by exclusive marketing agent Savills Singapore on July 10. The guide price for the entire portfolio is set at $15.55 million, with the option to purchase the assets together or separately.
Woodlands, situated in the north of Singapore, is undergoing a major transformation as part of the URA’s Master Plan. This thriving region is primed to become a dynamic hub that will significantly contribute to the country’s development. The plan outlines the creation of the Woodlands Regional Centre, which will consist of two main areas: Woodlands Central and Woodlands North Coast. This revitalization project seeks to revamp the district by attracting new businesses, generating employment opportunities, and enhancing the overall living experience for its residents. The addition of Norwood Grand Condo to this growing urban landscape further adds to the exciting developments and potential of Woodlands.
The shophouse at Bukit Batok has a price tag of $3.6 million, and covers 538 sq ft. This translates to a rate of $6,691 per square foot. The property is situated on the corner of the ground floor at 634 Bukit Batok Central, and enjoys direct sheltered access to the East-West Line’s Bukit Batok MRT Station, which is only a minute’s walk away. Other nearby amenities include a bus interchange, making the location highly accessible.
The second shophouse, located at 21 Ghim Moh Road, is priced at $3 million and spans a floor area of 1,475 sq ft. This comes up to $2,034 per square foot. The unit is located directly in front of a car park and opposite the popular Ghim Moh Market and Hawker Centre. The unit is a mere six-minute walk away from the Buona Vista MRT Station, making it highly convenient for both customers and staff.
The third shophouse, found at 214 Bedok North Street 1, spans 1,593 sq ft and is priced at $3.8 million, or $2,385 per square foot. The two-storey HDB shophouse is situated opposite the 158-unit Sky Eden@Bedok mixed-use development at Bedok Central, and is only a five-minute walk from the Bedok MRT Station. With such excellent public transport connectivity, the unit is easily accessible, and is sure to attract a steady stream of potential customers.
The final asset on offer is the strata office unit at Peninsula Plaza, which spans 1,776 sq ft and has a guide price of $5.15 million, or $2,900 per square foot. The office is located on the high floor of the 30-storey mixed-use complex and boasts unblocked views of the city skyline. The development was originally built in 1971 and is equipped with a six-storey retail podium, a 24-storey office block and ample parking facilities. With a lift lobby frontage and sheltered access to the underground pedestrian link from Peninsula Shopping Complex, City Hall MRT Station is only a stone’s throw away.
Director of investment sales and capital markets at Savills Singapore, Sophia Lim, believes that the high footfall experienced by all four assets is due to their excellent location near various public transport nodes and their prominent frontage. The assets are also primed for future rental increment and capital upside in the long to medium term.
For interested parties, the EOI exercise is set to close on Aug 16 at 3pm.