Savills Singapore has announced the sale of a portfolio of six prime HDB shophouses, collectively valued at $73m, offering a yield of over 4%. The properties are strategically located in three mature estates: Toa Payoh, Ang Mo Kio, and Tanjong Pagar, providing investors with a rare opportunity to acquire high-demand commercial assets.
The portfolio includes a ground-floor shophouse at 190 Toa Payoh Lorong 6, spanning 1,033 square feet, fully leased and generating significant footfall due to its proximity to the Toa Payoh MRT Station and Bus Interchange. In Ang Mo Kio, the shophouses at 702 and 705 Ang Mo Kio Avenue 8 offer a combined area of 5,684 square feet, featuring residential quarters on the upper floors and benefiting from ongoing rejuvenation plans in the area.
Tanjong Pagar Plaza hosts three individual ground-floor shophouses, ranging from 603 to 764 square feet, located at the entrance of the development and adjacent to NTUC Fairprice, ensuring strong visibility and foot traffic.
Nick Chan, Associate Director of Investment Sales & Capital Markets at Savills Singapore, highlighted the scarcity of such assets, stating, “With a total of 8,500 privately held HDB shophouses in Singapore, they are among the most tightly held commercial assets in Singapore. Each unit in the portfolio offers a gross yield of approximately 4%, with further upside potential through rental reversion or further subdivision of space to drive rental income.”
The properties are available for individual purchase or as a complete portfolio, with the sale conducted via private treaty.
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