Knight Frank Singapore has announced the sale of three prime strata properties, providing a rare opportunity for investors. The properties include an industrial canteen at Premier@Kaki Bukit, a two-storey HDB shophouse at 150 Bishan Street 11, and shop units within International Plaza. Each property is available for individual purchase through an Expression of Interest exercise closing on 2 December.
The industrial canteen at Premier@Kaki Bukit spans approximately 12,303 sq ft and is leased to a single operator. It features nine food stalls and a drink stall, attracting a steady flow of patrons. The property is priced at $10.5m (approximately $853 per square foot), and is eligible for foreign purchase without Additional Buyer’s Stamp Duty.
The HDB shophouse at 150 Bishan Street 11, located in a densely populated residential area, offers a ground floor minimart and vacant upper living quarters. Priced at $3.4m (or $2,164 per square foot), it is also open to foreign buyers, though the upper floor incurs Additional Buyer’s Stamp Duty.
The shop units at International Plaza, situated in Singapore’s CBD, consist of four adjoining units totalling approximately 1,066 sq ft. With a guide price of $3m (or $2,814 per square foot), these units are zoned for commercial use and do not attract Additional Buyer’s Stamp Duty.
Tania Ong, Senior Manager at Knight Frank Singapore, noted, “Investor confidence has strengthened with a more favourable interest rate environment, and we are observing more activity across the strata-titled market as properties achieve a positive carry.”
These properties highlight the diverse opportunities within Singapore’s strata market, appealing to both end-users and investors seeking resilient yield performance.
