50/50 co broke welcomed
Great investment opportunity, especially with the RCR region. 56 years lease remaining. Ample Carparks, No GST. Walking distance to Kampong Bahru Bus Terminal, opposite NTUC, surrounded by HDB, near SGH and Avenue South Condo.
Current rental
- shop unit - $5300 till Jan 2026,
- Living quarter at $4500 till Jan 2026 (can register 8 pax)
The advantages of HDB shophouses investment are:
A) At the cheaper end of commercial shops and surrounded by HDB residents, owners of well located shophouses have been able command strong rental growth. As reported by the Straits Times, rental rates have more than doubled for privately held HDB shop units, particularly over the past year
(https://www.straitstimes.com/singapore/housing/rents-for-privately-held-hdb-shops-double-in-past-year-prices-hold-steady-for-those-leased-from-hdb)
B)Owners of HDB shophouse with living quarter can also expect to have greater rental stability from the residential component.
C)Shophouse tenants can expect business support in the form of cheap rental of the outdoor area from town councils to compliment their shop area. Some GRC, in support of local business, do not charge for the usage of this common area. Tenants can also register themselves to be paid by CDC and SG50 vouchers, which nearby residents are entitled to.
Unsurprisingly, HDB shophouse has seen strong interest and investment interest from investors. The most recent being Singapore Post sales of 10 Housing & Development Board (HDB) shophouses for S$55.5 million to Mr. Teo Kiang Ang, the founder and non-executive chairman of Union Gas.
(https://www.businesstimes.com.sg/companies-markets/singpost-sells-10-hdb-shophouses-union-gas-chairman-s55-5-million )
I have 5 other HDB shophouses listings. Please do refer to them under
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