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A portfolio of nine Housing Board commercial units has been put up for sale with a guide price of $34 million, said marketing agent CBRE.
With strata areas ranging from 581 sq ft to 2,776 sq ft, the units are strategically located within the mature residential estates of Toa Payoh, Ang Mo Kio, Tampines, Bedok, Yishun, Changi Village and Ubi.
Given that all units are fully tenanted, CBRE capital markets director Sammi Lim expects the portfolio to be well received by the market, with keen interest from family offices, real estate funds, private equity funds, high net worth individuals, and end-users on the lookout for shops to operate small businesses.
“It is rare for a HDB commercial portfolio in mature estates to be available for sale. We believe it will appeal to investors and end-users, especially when there are only about 8,500 HDB shophouses that can be resold on the private market,” said Lim.
Buyers can acquire the shops on an individual basis or as one portfolio, she added.
The expression of interest exercise for the commercial units closes on 31 October.
Photo: CBRE
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
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