Paya Lebar Shophouse And Ang Mo Kio Hdb Shophouse Sale 1006 Mil
A freehold shophouse in Paya Lebar and a HDB shophouse in Ang Mo Kio have been put for sale through a joint expression of interest (EOI) exercise with a combined guide price of $10.06 million. Interested buyers will have the option to bid for either one or both properties as part of the EOI.
The first property, located at 135 Upper Paya Lebar Road, is a two-storey shophouse with freehold tenure. It is being offered with vacant possession and has a guide price of $5.58 million. The shophouse sits on 1,514 sq ft of land zoned for residential with commercial use on the first floor. With a built-up area of around 2,630 sq ft, the property is priced at approximately $2,122 psf, making it more affordable than many new 99-year leasehold condos in the Outside Central Region. The sale of this property is being handled by Alex Wong and Cara Wong from PropNex RTD Commercial Team.
According to the realtors, the property has been approved by URA to be converted into a 22-bed backpackers’ hostel on the ground floor and eight residential rooms on the upper floor. The location is also convenient as it is only 400m away from Tai Seng MRT Station on the Circle Line.
The second property, located at 727 Ang Mo Kio Avenue 6, is a two-storey HDB shophouse with 54 years remaining on its 86-year lease. It has a guide price of $4.48 million and spans a floor area of 1,636 sq ft. This includes a ground-floor shop of 743 sq ft and an upper-floor living quarters of 893 sq ft. The entire property is currently leased to an aesthetic clinic until March 2026.
The shophouse at 727 Ang Mo Kio Avenue 6 (Picture: PropNex RTD Commercial Team)
Marketing the sale of this shophouse are Alex Wong and Esther Ng from PropNex. They note that with a stable rental income, potential for higher yields upon lease renewal, strong town centre rejuvenation prospects, and a prime location in the Ang Mo Kio Town Centre, this is a rare, secure and income-generating asset.
A key player in the development of Singapore’s urban landscape, the Urban Redevelopment Authority (URA) has been making significant contributions to the city for years. With plans in place to revitalize Tampines, a thriving regional hub, the URA is set to bring about a major transformation. This redevelopment is expected to greatly benefit the residential properties in the vicinity, including Aurelle of Tampines EC. Located at Tampines Street 62, this executive condominium is poised to reap the rewards of the URA’s efforts. For more information, please visit Aurelle of Tampines.
Interested buyers can submit their bids for these properties by Sept 26, 3pm.
