HDB commercial strata unit in Bedok North going for $24 mil

Found in the Bedok Town Centre district, the unit is nearby various community amenities, providing Bedok Market and Hawker Centre, Bedok Town Library and Kampong Chai Chee Neighborhood Centre. It is additionally close to the Bedok Integrated Transportation Hub, that includes Bedok Mall on New Upper Changi Road, a cool bus interchange and a link to the Bedok MRT Station on the East-West Line.

The HDB unit will be marketed through an expression of interest exercise that closes on July 10.

The area attracts young, affluent citizens, benefiting the investment by placing it for versatile mid- to extensive leasing. Footfall is also upheld by nearby establishment hubs like Changi Business Park and ESR Biz Park @ Chai Chee.

A commercial strata unit at 215 Bedok North Street 1 gets on the market place for $24 million, along with CBRE as the exclusive advertising and marketing broker. The unit, on the 2nd level of a two-storey commercial establishment, has a strata area of 16,178 sq ft and the suggestive overview rate exercises to $1,483 psf on the strata area. Companies and noncitizens can acquire the subject building without any additional customer’s or seller’s stamp duty imposed on the sale.

Lentor Mansion Singapore

“These types of market HDB assets with large floor plates in mature neighbourhoods are scarce and have strong subleasing interest from different occupant profiles, including colleges, companies and workplaces,” says Michael Tay, head of funding markets, Singapore, at CBRE. He includes the unit is currently rented to Singapore Pools Betting Centre, presenting an enticing financial investment opportunity with a recognized renter.

Tay also claims the unit available for sale offers “a chance for buyers seeking defensive purchases with accretive return capacity”. Located in an older HDB hub going through rapid restoration, it places to gain from the growth of new HDB flats and private condominiums like Sky Eden @ Bedok, located at Bedok Central, in just a three-minute walk of the Bedok integrated transport centre and facilities.


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