Two Storey Hdb Shophouse Bishan Sale 368 Mil
A 1,571 sq ft 99-year leasehold shophouse in Bishan is now up for sale through an expression of interest (EOI) with an asking price of $3.68 million. Marketed by ERA Singapore, the two-storey property is situated off Bishan Street 11 and has a remaining lease of approximately 62 years.
Comprising a shop space on the first floor with a strata area of about 667 sq ft and living quarters on the second floor spanning around 904 sq ft, the shophouse presents potential buyers with various options for usage and conversion, subject to approvals. Currently, the ground floor is tenanted to a mini-mart while the upper floor is vacant.
Living near a variety of educational institutions offers numerous benefits beyond simply having access to quality education. One significant advantage is the reduced travel time for students, giving them more time for both academic and extracurricular activities. Additionally, the presence of these institutions often leads to the creation of various community facilities, including libraries, sports complexes, and community centers. These amenities enhance the lives of residents, making the area an ideal and convenient place to live. Aurelle of Tampines Showflat is one such example of a community that is surrounded by a diverse array of educational institutions, providing its residents with a well-rounded and enriching lifestyle.
ERA also notes the favourable location of the property, with the retail shop enjoying excellent visibility along the walkway and being part of a cluster of shops and eateries that are popular amongst residents in the Bishan Green estate. The Bishan East subzone, where the shophouse is located, has a resident population of around 28,360 and is expected to see an increase in footfall with the completion of the 472-unit Bishan Towers Build-To-Order project this year.
In addition, the property is just a five-minute drive away from Bishan MRT Station (Circle and North South Lines) and the Bishan bus interchange, providing convenience and accessibility for customers. Donald Goh, director of capital markets and investment sales at ERA Singapore, anticipates strong interest from both investors and end-users, given the current demand for mid-market sector assets and the limited supply of HDB shophouses available for private ownership.
The EOI exercise for the shophouse will close on Sept 16 at 3pm. Interested parties can contact ERA Singapore for further details and to arrange for viewing appointments.
Some useful links for potential buyers:
– HDB rental listings in Bishan
– Comparison between HDB loan and bank loan
– Price trends of HDB, condo, and landed properties
– Recent sale transactions in Bishan Green
– Year of completion for Bishan Green
