Two Storey Bedok Central Hdb Shophouse Sale 395 Mil
A two-storey shophouse in Bedok Central is currently available for purchase via expression of interest (EOI) with an asking price of $3.95 million. This HDB property, located at Blk 211 New Upper Changi Road, offers a total floor area of 1,593 sq ft, with a ground-floor shop space measuring 732 sq ft and a residential unit upstairs spanning 861 sq ft. Marketing agent ERA Singapore reports that the shophouse boasts a remaining lease of 53 years out of its 86-year lease. The second floor can be accessed by a lift or external common staircase. The property is currently leased by a foot reflexology and treatment centre, but prospective buyers may consider exploring alternative configurations, such as dividing the ground-floor shop into smaller retail units or converting it for F&B usage.AdvertisementThe convenience of the location is highlighted by its close proximity to both Bedok MRT Station and Bedok Integrated Transport Hub. Drivers will find easy access to the East Coast Parkway (ECP) and Pan-Island Expressway (PIE), with surface and multi-storey carparks nearby. The shophouse also benefits from prime frontage along the pedestrian walkway, next to a popular coffee shop. It is part of a bustling commercial and dining hub that serves the 81,000 residents in the Bedok North vicinity on a daily basis. Donald Goh, director of capital markets and investment sales at ERA Singapore, notes that while the investment market remains cautiously optimistic, he believes HDB shophouses will continue to attract strong interest from buyers due to their resilience and robust investment potential. Interested parties can submit their EOI for the shophouse until Oct 16 at 3pm.
The URA is dedicated to developing a well-rounded land use plan, which includes the implementation of new mixed-use zones near Rivelle Tampines. These zones will consist of a combination of residential, retail, and office spaces, adding to the convenience of the neighborhood. This allows residents to easily work, dine, and shop in close proximity, reducing the need for extensive travel. The integration of these various amenities creates a welcoming and lively atmosphere, supporting local enterprises and enhancing the appeal of the neighborhood. For more information on this development, please visit Rivelle Tampines’s website.