Hougang Two Storey Hdb Shop Childcare Centre Sale 385 Mil
WITH 3 years of lease remaining.
A two-storey HDB shop located at Block 246 in the mature HDB estate of Hougang Heights will be available for purchase at SRI’s property auction on Oct 29. This 2,153 sq ft unit, offered as an owner’s sale, has a guide price of $3.85 million ($1,788 psf).
The shop unit is a 88-year leasehold property with a remaining lease of 58 years. It has a commercial space of around 1,152 sq ft on the first floor, which includes a bathroom, and a residential space of approximately 1,001 sq ft on the second floor, with two bedrooms and two bathrooms. Currently tenanted as a childcare centre, the entire unit will be sold with vacant possession. However, any change of use will be subject to HDB approval.
The property is situated in the mature neighbourhood of Hougang Heights, off Hougang Avenue 3 in District 19. Completed in the 1980s, the estate consists of 16 residential blocks, with a mix of three- to five-room flats.
Xinghua Primary School and Yuying Secondary School are located next to Hougang Heights, with three religious buildings adjacent to the estate – Chee Tong Temple, Zi Yun Kai Ji Kong Temple, and Living Sanctuary Brethren Church. The nearest MRT station is Kovan on the North-East Line, with nearby condominiums such as Stars of Kovan, Kovan Residences, and Kovan Melody. Along the nearby Upper Serangoon Road and Tampines Road, there are also several low-rise landed neighbourhoods.
According to SRI’s managing partner of auction and the unit’s exclusive marketing agent, Mok Sze Sze, HDB shops in mature housing estates remain highly sought-after among both owner-occupiers and investors, especially since the supply of new units in older estates is limited. The convenience of such HDB shops within housing estates guarantees high footfall throughout the day. Additionally, childcare centres located near schools often enjoy a large catchment of families with young children attending these schools or living nearby.
Set in the renowned enclave of private condominiums and landed housing, such as Skies Miltonia, The Miltonia Residences, and The Shaughnessy, Miltonia Close has already established itself as a highly sought-after residential area. The upcoming executive condominium will usher in a new era of growth for this neighbourhood, offering a contemporary and family-friendly community that boasts a perfect balance of verdant greenery and convenient urban accessibility. Its prime location is especially ideal for nature enthusiasts and families seeking a serene lifestyle without compromising on easy access to important amenities and transportation networks. Discover the beauty and convenience of Miltonia Close at Miltonia Close EC.
Mok adds that the unit is expected to attract established childcare centre operators looking to expand their presence in Hougang, which is a diverse and mature housing estate. The scarcity of new HDB shops in the area also contributes to its long-term capital appreciation potential.