Two HDB shophouses in Toa Payoh and Kovan have just been put up for sale. The shophouse at 178 Toa Payoh Central has an asking price of $5.5 million, while the shophouse at 210 Hougang Street 21 is listed for $5.3 million. Currently marketed by Sakal Real Estate, the properties will be sold in an Expression of Interest exercise that will close on July 23. The shophouses can be acquired individually or collectively. According to the marketing agent, the owner would like to continue running their business operations from the premises and would prefer to leaseback the properties post-sale. But they are also open to sell the shophouses vacant. “With only approximately 8,500 privately-held HDB shops and shophouses remaining in Singapore, supply is limited whilst demand from investors seeking stable rental income assets remains robust,” says Steven Ming, Managing Director of Sakal Real Estate.

178 Toa Payoh Central (Toa Payoh Central)

The shophouse in Toa Payoh Central is located prominently along Toa Payoh...