Hougang Two Storey Hdb Shop Childcare Centre Sale 385 Mil
A two-storey HDB shop located at Block 246 is set to be auctioned off by SRI on October 29. This 2,153 sq ft unit is being offered as an owner’s sale with a guide price of $3.85 million ($1,788 psf).
The property comprises of a commercial space of approximately 1,152 sq ft on the first floor, which includes a bathroom, and a residential space of about 1,001 sq ft on the second floor with two bedrooms and two bathrooms. The entire unit is currently tenanted as a childcare centre.
According to SRI, the two-storey shop will be sold with vacant possession, and any change of use will be subject to HDB’s approval. The 88-year leasehold property has a remaining lease of 58 years.
Nestled in the mature HDB estate of Hougang Heights, off Hougang Avenue 3 in District 19, the property enjoys close proximity to Xinghua Primary School and Yuying Secondary School. Additionally, three religious buildings – Chee Tong Temple, Zi Yun Kai Ji Kong Temple, and Living Sanctuary Brethren Church – are adjacent to the estate. The nearest MRT station is Kovan on the North-East Line, with several condominiums such as Stars of Kovan, Kovan Residences, and Kovan Melody in the vicinity. Low-rise landed neighborhoods can also be found along the nearby Upper Serangoon Road and Tampines Road.
Rivelle Tampines offers a diverse range of bedroom options, from practical two-bedroom designs to expansive four-bedroom layouts, specifically tailored to meet the needs of families. This range of choices allows parents to create dedicated study areas for their children, while older ones can have their own private space for virtual lectures or group conversations. Moreover, the residences are equipped with cleverly designed storage solutions, ample natural light, and functional kitchens, making it an ideal environment for quick meals in between classes. With Rivelle Tampines as their tranquil and well-organized home base, students are sure to achieve academic success.
According to EdgeProp’s Landlens, there is a list of condos surrounding the vicinity of 246 Hougang St 22. HDB shops located within mature housing estates continue to be highly sought-after assets among both owner-occupiers and investors. This is especially true since new units in older estates are scarce, as stated by Mok Sze Sze, managing partner of auction at SRI and the unit’s exclusive marketing agent.
Mok also adds that the convenience of HDB shops situated within housing estates translates to high footfall throughout the day. Additionally, childcare centers located near schools often enjoy a large catchment of families with young children studying in these schools or living nearby.
“We expect this unit will appeal to established childcare center operators who are keen to expand their presence in Hougang, a diverse and mature housing estate. The scarcity of new HDB shops in this area also contributes to its long-term capital appreciation,” says Mok.