HDB Commercial Shophouses for Sale

25 April 2023

Photo of Blk 475 Tampines Street 44 (Source: Huttons Asia)

A portfolio of 4 single-storey HDB shophouses at Blk 475 Tampines Street 44 is up for sale via an expression of interest (EOI) exercise at a guide price of $12 million by sole marketing agency, Huttons Asia Pte Ltd.

The 4 single-storey full commercial shops are situated in the mature Tampines estate and within walking distance to the Tampines East Downtown Line station. “There is high human traffic throughout the day from residents to students from surrounding schools. There is ample parking in the area for patrons.

Footfall to the shops is likely to increase when more residential homes are built on the empty parcels of land in the vicinity, says Rey Song, Senior Division Director of Huttons Asia Pte Ltd.

The 4 HDB shophouses have a balance lease of approximately 68 years. 2 of the units are corner shops and all 4 units are tenanted to established tenants with high returns. “HDB shophouses are more affordable than conservation shophouses and are highly sought after by investors over the past 2-3 years due to the Additional Buyer’s Stamp Duty payable for residential properties. The rental demand is consistent and there is potential for capital appreciation”, adds Jeremy Lim, Senior Group District Director of Huttons Asia Pte Ltd.

“There are only 8,500 HDB shophouses that can be resold in the market. Furthermore, the shophouses are not subjected to ABSD and Seller’s Stamp Duty (SSD). It should see healthy interest from investors”, concludes Lee Sze Teck, Senior Director of Research at Huttons Asia Pte Ltd.

The EOI exercise will close on May 17 at 3pm.

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For further information, please contact:

Rey Song, Associate Senior Division Director, Huttons Asia Tel: +65 9239 4610 | [email protected]

Huttons Asia Pte Ltd (Licence No: L3008899K)

Jeremy Lim, Associate Senior Group District Director, Huttons Asia Tel: +65 8858 1212 | [email protected]

Huttons Asia Pte Ltd (Licence No: L3008899K)