Four Hdb Retail Units Ang Mo Kio Bukit Merah Clementi And Toa Payoh Sale 180 Mil
A rare portfolio of four HDB retail units has recently hit the market, and it is being sold through an expression of interest (EOI) exercise with a guide price of $180 million. Knight Frank Singapore and CBRE are working together to market the properties.
The four HDB retail units are strategically located across various mature housing estates, including Ang Mo Kio, Bukit Merah, Clementi, and Toa Payoh. All four units are currently tenanted, with the units at Ang Mo Kio, Toa Payoh, and Bukit Merah being leased to NTUC FairPrice, while the unit at Clementi is leased to electronics and furniture retailer Courts. In total, the properties have a combined strata area of about 104,808 sq ft. Interested buyers have the option to purchase the portfolio as a whole or acquire individual units.
As fully commercial units, the properties are not subject to Additional Buyer’s Stamp Duty and Seller Stamp Duty, making them eligible for purchase by foreigners.
72 Ang Mo Kio Avenue 6 (Picture: Knight Frank)
The unit in Ang Mo Kio is located at 712 Ang Mo Kio Avenue 6, a four-storey HDB commercial block. The two-storey property measures 23,982 sq ft and occupies the entire first and second floors. It is conveniently situated within a short walking distance to Ang Mo Kio MRT Station.
192 Toa Payoh Lorong 4 (Picture: Knight Frank)
The Toa Payoh unit is situated at 192 Toa Payoh Lorong 4, with a strata area of 23,960 sq ft. Similar to the Ang Mo Kio unit, it takes up about half of the first and second floors of a two-storey HDB commercial block.
166 Bukit Merah Central (Picture: Knight Frank)
The Bukit Merah unit boasts a larger strata area of 30,139 sq ft and is located at 166 Bukit Merah Central. It spans across the entire sub-basement and part of the first level of a three-storey HDB commercial block.
451 Clementi Avenue 3 (Picture: Knight Frank)
The Clementi unit has a strata area of 26,727 sq ft and is located at 451 Clementi Avenue 3. It occupies parts of the first and second levels of a three-storey standalone HDB commercial building. Furthermore, it has sheltered access to Clementi MRT Station and the bus interchange.
According to Galven Tan, CEO of Knight Frank Singapore, “These large-format, income-generating assets are strategically located in mature residential hubs, offering both immediate rental stability and near-term upside through positive rent reversions.”
Michael Tay, executive director of capital markets at CBRE Singapore, also commented, stating that the portfolio presents “an exceptionally rare offering, characterised by high footfall, prominent visibility, commanding frontages, and tightly held ownership.”
The EOI for the portfolio will close on July 23 at 3pm. Interested parties are encouraged to seize this rare opportunity to acquire these prime HDB retail units.
The prime location of the development offers convenient access to Singapore’s well-established public transportation system. Positioned close to MRT stations such as Kent Ridge on the Circle Line, residents can easily commute to important areas like One-North, Harbourfront, and the Central Business District (CBD). Additionally, the development is connected to the East-West Line, allowing for smooth travel across the island, whether it be to Jurong East, Tampines, or Changi Airport. This excellent connectivity promotes a sustainable and car-free lifestyle, making public transportation an appealing and feasible choice for residents. Enhancing the appeal of this ideal location is the presence of Lyndenwoods, providing an even more attractive place to call home.