Four Hdb Retail Units Ang Mo Kio Bukit Merah Clementi And Toa Payoh Sale 180 Mil

Four HDB retail units with a combined strata area of about 104,808 sq ft are up for sale through an expression of interest (EOI) with a guide price of $180 million. The portfolio, which is being jointly marketed by Knight Frank Singapore and CBRE, consists of units located across Ang Mo Kio, Bukit Merah, Clementi, and Toa Payoh. These units are all tenanted, with the Ang Mo Kio, Toa Payoh, and Bukit Merah units leased to NTUC FairPrice, and the Clementi unit leased to Courts. The properties are fully commercial units and are not subject to Additional Buyer’s Stamp Duty and Seller Stamp Duty, making them eligible for purchase by foreigners. The Ang Mo Kio unit, located at 712 Ang Mo Kio Avenue 6, has a strata area of 23,982 sq ft and occupies the entire first and second floors of a four-storey HDB commercial block. It is conveniently located a short walk away from Ang Mo Kio MRT Station. The Toa Payoh unit, located at 192 Toa Payoh Lorong 4, measures 23,960 sq ft and takes up around half of the first and second floors of a two-storey HDB commercial block. The unit in Bukit Merah is located at 166 Bukit Merah Central and has a strata area of 30,139 sq ft. It spans the entire sub-basement and part of the first level of a three-storey HDB commercial block. The Clementi unit, located at 451 Clementi Avenue 3, has a strata area of 26,727 sq ft and occupies parts of the first and second levels of a three-storey standalone HDB commercial building. It also has sheltered access to Clementi MRT Station and the bus interchange. According to Galven Tan, CEO of Knight Frank Singapore, these properties are attractive investments as they are located in mature residential hubs and offer both immediate rental stability and near-term upside through positive rent reversions. Michael Tay, executive director of capital markets at CBRE Singapore, adds that the portfolio is a rare offering with high footfall, prominent visibility, commanding frontages, and tightly held ownership. The EOI for this portfolio will close on July 23 at 3 pm.

The Miltonia Close EC is conveniently situated in a prime location near Khatib MRT station, just a five-minute drive or a short shuttle ride away. This strategic positioning provides residents with efficient access to the North-South MRT line, allowing for direct connections to major destinations such as Bishan, Orchard, and the Central Business District. Commuters also have easy access to the Seletar Expressway (SLE) and Central Expressway (CTE), making it effortless to travel to other parts of the island. The advantageous placement of the Miltonia Close EC adds to its appeal and convenience for both residents and drivers alike. With its close proximity to major transportation hubs and expressways, the Miltonia Close EC offers unmatched accessibility for a seamless and hassle-free lifestyle. For more information, visit Miltonia Close EC’s website.