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Three HDB shophouses and Peninsula Plaza office for sale at $15.55 mil

By Nur Hikmah Md Ali

/ EdgeProp Singapore |

July 10, 2024 1:10 PM SGT

Spanning 1,593 sq ft, the two-storey HDB shophouse at 214 Bedok North Street 1 has a guide price of $3.8 million, or $2,385 psf (Photo: Savills Singapore)

SINGAPORE (EDGEPROP) - A property portfolio comprising three HDB shophouses in Bukit Batok, Ghim Moh and Bedok and a 999-year strata office unit at Peninsula Plaza has been put on the market, exclusive marketing agent Savills Singapore announced on July 10.

The portfolio is up for sale via an expression of interest (EOI) exercise with an overall guide price of about $15.55 million. The assets, which are fully tenanted, can be sold together or separately.

The shophouse in Bukit Batok has a guide price of $3.6 million. It is a corner ground-floor unit located at 634 Bukit Batok Central and spans 538 sq ft. This translates into $6,691 psf on the floor area. The HDB block has direct sheltered access to Bukit Batok MRT Station on the East-West Line and bus interchange, which is only a minute’s walk away.

Read also: Five HDB shophouses on the market for $42 mil

The shophouse in Bukit Batok has a guide price of $3.6 million (Photo: Savills Singapore)

The second shophouse, at 21 Ghim Moh Road, is a two-storey property priced at $3 million. Occupying 1,475 sq ft, this works out to about $2,034 psf on the floor area. The unit is directly located in front of a car park and is opposite Ghim Moh Market and Hawker Centre. It is about a six-minute walk from the Buona Vista MRT Station on the East-West Line.

The third shophouse is situated at 214 Bedok North Street 1. Spanning 1,593 sq ft, the two-storey HDB shophouse has a guide price of $3.8 million, or $2,385 psf. The shophouse is directly opposite the 158-unit Sky Eden@Bedok mixed-use development at Bedok Central, and is a five-minute walk from the Bedok MRT Station on the East-West Line.

The second shophouse, at 21 Ghim Moh Road, is a 1,475 sq ft two-storey property priced at $3 million, or $2,034 psf (Photo: Savills Singapore)

Over at Peninsula Plaza, the strata office unit measures 1,776 sq ft. With a guide price of $5.15 million, this works out to $2,900 psf on the strata area. The office is on a high floor of the 30-storey mixed-use complex, offering unblocked views of the city skyline.

Peninsula Plaza is a 999-year leasehold development at the junction of Coleman Street and North Bridge Road. It was built in 1971 and comes with a six-storey retail podium, a 24-storey office block and parking facilities.

The development also comes with a lift lobby frontage, and has sheltered access to City Hall MRT Station via the underground pedestrian link from Peninsula Shopping Complex just across the road.

Sophia Lim, director of investment sales and capital markets at Savills Singapore, says that all four assets enjoy high footfall throughout the day due to their proximity to transport nodes and prominent frontage. The assets offer the potential of rental increment and capital upside in the middle to long term, she adds.

The EOI exercise closes on Aug 16 at 3pm.

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