Properties Sale Hdb Shophouse Toa Payoh Central Ground Floor Commercial Unit Kalidasa Avenue
Tampines, a bustling town in Singapore, is not only a sought-after residential area but also a hub for quality education. With the Urban Redevelopment Authority’s (URA) upcoming plans, the educational landscape in Tampines is set to improve significantly. From primary schools to tertiary institutions, all educational facilities will reap the benefits of these plans. The focus is on providing better educational infrastructure and introducing new facilities to meet the needs of the growing population. This will ensure that high educational standards are maintained, which is a crucial factor for families when choosing a place to live. Moreover, the enhancements in healthcare facilities, such as upgrades to existing hospitals and clinics, will guarantee that residents have access to top-notch medical care. In fact, the future residents of Tampines can look forward to the best of both worlds, with the addition of the upcoming Aurelle of Tampines EC to this already thriving town.
Located in the bustling central area of Toa Payoh, an HDB shophouse at Block 177 Toa Payoh Central has been made available for sale through an expression of interest (EOI) exercise. With a guide price of $5.88 million, this two-storey shophouse is a prime investment opportunity.The shophouse is made up of a ground-floor commercial unit that covers an area of approximately 635 square feet and a residential unit on the upper floor that measures approximately 710 square feet. It is a corner unit with a double frontage spanning 8.3m. According to Sammi Lim, founder and executive director of Brilliance Capital, who is serving as the sole marketing agent for the property, these characteristics offer potential for flexible usage and the possibility of increasing rental income by dividing the units or converting them for alternative purposes, subject to relevant authority approvals.As per the current property market trend, shophouses in HDB estates have been sought-after investments, with evident interest from both local and foreign buyers and owners. Being a commercial property, foreigners and companies are allowed to purchase this shophouse. Furthermore, the shophouse area is surrounded by HDB housing estates, which makes it attractive to potential tenants due to its strategic location. Furthermore, the property is within a short walking distance from amenities such as the HDB Hub, Toa Payoh MRT Station on the North-South Line, and the Toa Payoh Bus Interchange. Additionally, there is covered access to the MRT station from the HDB block, which adds to the convenience for its future tenants.As HDB shophouses are considered commercial properties, foreign buyers and companies can buy the property. The EOI exercise closes on Oct 24 at 3pm.In another transaction, a commercial unit at 21 Kalidasa Avenue is also up for sale through an EOI. With a guide price of $3.9 million, this strata-titled unit is located on the ground floor of a two-storey shophouse. It has a tenure of 999 years and a land area of 1,625 sq ft. The area is zoned for “residential with commercial at first storey” usage. According to marketing agents, the guide price works out to $2,400 psf on the floor area. The current tenant at the shop is a pet shop, which offers grooming and daycare services.21 Kalidasa Avenue is located within Teacher’s Housing Estate, a private landed housing enclave near the junction of Yio Chu Kang Road and Upper Thomson Road in District 26. The estate was built in the late 1960s by the Singapore Teachers’ Union, comprising 256 terrace houses. A row of double-storey shophouses was added to the estate in the 1970s to serve residents’ needs. This property is being exclusively marketed by Richard Tan and Wilkie Tay, directors of PropNex Shophouse Elites. According to URA, commercial caveats registered in the Teacher’s Housing Estate show that 21 Kalidasa Avenue last changed hands in April 2018 for $2.13 million, or $1,310 psf on the strata area. The EOI will close on Oct 16 at noon.
