Three Hdb Shophouses And Peninsula Plaza Office Sale 1555 Mil
Savills Singapore has recently announced the sale of a property portfolio that consists of three HDB shophouses in Bukit Batok, Ghim Moh and Bedok, as well as a 999-year strata office unit at Peninsula Plaza. The exclusive marketing agent is inviting interested buyers to participate in an expression of interest (EOI) exercise, with an overall guide price of approximately $15.55 million. Boasting full occupancy, the properties are available for sale either as a complete package or individually.
Located at 634 Bukit Batok Central, the first shophouse on sale is priced at $3.6 million. As it stands on a corner ground floor unit, it spans 538 square feet, with a remarkable $6,691 per square foot on the floor area. It boasts of sheltered access to the Bukit Batok MRT station on the East-West line, and a nearby bus interchange that’s just a minute’s walk away.
The second property on sale is situated at 21 Ghim Moh Road. With a guide price of $3 million, this is a two-storey building that occupies 1,475 square feet. Its floor area price is approximately $2,034 per square foot, as it is directly located in front of a car park and stands opposite Ghim Moh Market and Hawker Centre. It takes about six minutes to walk there from Buona Vista MRT Station, situated on the East-West line.
The third shophouse is at 214 Bedok North Street 1. This is a two-storey HDB building that extends 1,593 square feet, with a guide price of $3.8 million, which translates to $2,385 per square foot. It’s situated directly opposite the Sky Eden@Bedok mixed-use development located at Bedok Central, which is home to 158 units. Additionally, it takes about five minutes to walk there from Bedok MRT Station, located on the East-West line.
At Peninsula Plaza, the strata office unit has a floor area of 1,776 square feet, with a price guide of $5.15 million. This means that the per square foot price is about $2,900 psf. The office is located on a relatively high floor of the 30-storey mixed-use complex, offering unblocked views of the city skyline. The building, which is a 999-year leasehold development, was built in 1971 and boasts of a six-storey retail podium, a 24-storey office block and a parking facility. Its lift lobby offers a frontage, and there’s sheltered access to City Hall MRT Station through an underground pedestrian link from Peninsula Shopping Complex, which is located just across the road.
Sophia Lim, the director of investment sales and capital markets at Savills Singapore, has stated that all four assets are strategically placed to maximize human traffic, courtesy of their closeness to transport nodes and their prominent frontage. She further added that the properties present the possibility of an increase in rental income and capital gain over the mid to long term.
The EOI exercise will come to a close on Aug 16 at 3 pm.
Rewritten:
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