HDB shophouse located in Marine Parade, Singapore is up for sale with a guide price of $4 million! This two-storey property consists of a retail space on the first floor and living quarters on the second floor. Currently, the second floor is fully tenanted.

The property has an 83-year lease term beginning from April 1, 1993 along with a floor area of 1,506 sq ft and a 50m frontage along Marine Parade Central. It is situated close to the upcoming Marine Parade MRT station on the Thomson East Coast Line which is expected to open by 2024. Other amenities in the area include Parkway Parade, Parkway Centre, Holiday Inn Express Katong and Grand Mercure Roxy Hotel.

According to ERA — the appointed marketing agent for the property — the Marine Parade area is evolving with several new projects including a few condos like Amber Park, Meyer Mansion, Tembusu Grand and The Continuum. This is likely to draw in more buyers and investors to the property.

Donald Goh, the director of capital markets and investment sales of ERA Singapore, who is handling the sale of the property, believes that HDB shophouses have the potential to capitalize on rental resilience and capital appreciation. He also expects the property to garner strong interest from local investors looking for well-located properties with stable yield and future capital appreciation potential.

J’den Condo is CapitaLand’s redevelopment of the former JCube Site J’Den Condo in Jurong East, featuring a 40-storey residential & commercial development with residential units set to launch in the second half of 2023. It is expected to be connected to Jurong East MRT interchange and other amenities.

The expression of interest exercise for the property will close on May 25 at 3pm. With its attractive qualities, benefits and guide price, this HDB shophouse is truly an attractive opportunity that shouldn’t be missed!