_Portfolio for sale: Four two-storey shophouse properties
Singapore – Knight Frank is pleased to announce its appointment as the exclusive marketing agent for a portfolio of four two-storey shophouse properties for sale via Expression of Interest (EOI). They are located in Hougang, and the mature HDB estates of Bedok, Marine Parade and Ang Mo Kio.
The assets are presently tenanted and are well-positioned in the town centres among a range of commercial, recreational and medical facilities, which promise high footfall. There is no Additional Buyer’s Stamp Duty applicable for the commercial spaces.
Says Esther Sim, Senior Manager, Capital Markets (Land & Building, International Real Estate), “This portfolio of HDB shophouses will appeal to local investors looking for ready income. Available for sale with tenancy, they serve a resident population base of about 1 million residents collectively, providing stable recurring income for the investment. The resilience of heartland retail has also been proven especially during the pandemic.”
The tender will close on Monday, 23 October 2023, 3:00 PM.
For further information, please contact:
Lilian Hoe
Director, Marketing, Communications, Legal and Compliance, Knight Frank Singapore
lilian.hoe@sg.knightfrank.com | +65 6228 6807
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