HDB retail units in prime locations are now available for sale, presenting a lucrative investment opportunity. Four strategically positioned retail units situated in Ang Mo Kio, Bukit Merah, Clementi, and Toa Payoh are being offered at a guide price of $180 million. This offering is particularly appealing to investors due to the properties’ established locations and the potential for stable rental income.
Collectively, these retail units encompass a combined strata area of approximately 104,808 square feet. The dimensions of the individual units vary, ranging from 23,960 square feet to 30,139 square feet. This variety allows potential buyers to consider the different space requirements suited to their investment strategies. The available units stand out not only for their size but also for their strategic placements within bustling neighborhoods, ensuring high foot traffic and visibility.
Currently, all four units are tenanted, which provides immediate rental stability for prospective investors. Three of the retail spaces are leased to NTUC FairPrice, a well-known supermarket chain in Singapore, ensuring a steady flow of customers. The fourth unit is leased to Courts, a leading retailer of electrical and furniture products. These reputable tenants contribute to the attractiveness of the properties, offering a reliable income stream for the new owners.
One of the noteworthy advantages of these retail units is their classification as fully commercial properties. This status exempts them from Additional Buyer’s Stamp Duty and Seller Stamp Duty, making the acquisition process more financially attractive for investors. Furthermore, the properties are eligible for purchase by foreigners, expanding the pool of potential buyers significantly. This aspect is especially important in a globalized economy, where international investors are constantly looking for viable assets.
The expression of interest (EOI) exercise for these retail units is set to close on July 23 at 3 PM. This timeline adds a sense of urgency for interested parties, prompting them to consider the potential of these assets within a limited window. The combination of prime location, established tenants, and the financial benefits of commercial property ownership creates a compelling case for investment.
Investors aiming to diversify their portfolios or those seeking stable income-generating assets will find these HDB retail units particularly enticing. The combination of a well-structured investment opportunity and the allure of owning property in Singapore’s vibrant retail landscape cannot be overstated.
As the deadline for the EOI approaches, it is anticipated that interest in these retail units will intensify, reflecting the demand for quality commercial real estate in key urban areas.
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News Source: Edgeprop
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