Author: leahlim   |   Latest post: Fri, 30 Oct 2020, 3:05 PM


Two-storey HDB shop in Bedok Town Centre going for $10.5 mil

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A two-storey HDB shop unit along Blk 210 New Upper Changi Road in Bedok Town Centre is on the market for $10.5 million, or about $2,587 psf based on the total strata floor area of 4,058 sq ft. The sale will be conducted by an expression of interest (EOI) exercise by Savills Singapore.
Both floors of the property have been approved for commercial use as shop space and are fully tenanted. A banking hall occupies the 1,851 sq ft space on the first floor, while an external common staircase leads to a gym that occupies the 2,207 sq ft second floor. The unexpired lease tenure is about 59 years. The gross rental yield on the property is more than 3%, says Savills.


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