A two-storey HDB shophouse in Bedok Central has been launched for sale with an asking price of S$3.95 million.
The property, located at Block 211 New Upper Changi Road, is offered through an expression of interest (EOI) exercise.
The EOI will close on 16 October at 3pm, according to ERA Singapore, the marketing agent.
The shophouse comprises a 732 sq ft ground-floor retail unit and an 861 sq ft residential unit on the upper floor.
Together, the strata area totals 1,593 sq ft. The second floor is accessible both by lift and an external staircase.
Its remaining lease stands at 53 years out of the original 86 years, which commenced on 1 July 1992.
The entire unit is currently tenanted to a foot reflexology and treatment centre.
ERA Singapore highlighted the shophouse’s location advantage, situated a short walk from Bedok MRT station and the Bedok Integrated Transport Hub.
The property is also easily connected by major expressways such as the East Coast Parkway and Pan-Island Expressway.
The agency added that future owners may reconfigure the property, subject to regulatory approval.
Options include subdividing the ground-floor shop into smaller retail units or converting the space into food and beverage outlets to increase rental yields.
The shophouse is positioned within a busy commercial cluster, next to a popular coffee shop, with strong pedestrian frontage.
The surrounding area includes various shops and eateries that cater to about 81,000 residents in the Bedok North estate.
Donald Goh, director of capital markets and investment sales at ERA Singapore, said that while investment sentiment remains marked by “cautious optimism”, HDB shophouses continue to generate strong buyer interest due to “their resilience and strong investment attributes”.
The Bedok Central site has long been one of the busiest neighbourhood centres in the east, making its retail units a draw for both businesses and investors.
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