SINGAPORE (EDGEPROP) - Four commercial Housing and Development Board (HDB) shops have been launched for sale through an expression of interest (EOI) exercise with a guide price of $7.2 million, says Huttons Asia press release.

Three shops are located off North Bridge Road, while the other is in the Marsiling area. The four commercial units have a total area of 3,700 sq ft, which means the guide price works out to $1,946 psf. The units are to be sold individually or collectively as a portfolio.

The shops at North Bridge Road are within walking distance to Lavender MRT Station and the Immigrations and Customs Authority building, while the shop at Marsiling is within walking distance to Marsiling MRT Station.

Read also: Boutique projects shoring up quality, prices and rents: Huttons Asia

David Chun, Huttons Asia’s associate senior marketing director, notes the potential for capital appreciation in the shops. “The usage of the shops is extremely flexible, and the rental demand is consistent,” he says.

Huttons Asia’s senior director of data analytics, Lee Sze Teck, adds that the shops are not subjected to additional buyer and seller's stamp duty but no GST payable. The palatable quantum should see healthy interest from investors.

The EOI for the four shops will close on Oct 2 at 2pm.