Are you in the market for a HDB shophouse? An attractive property with living quarters and ground retail floor space has been put up for sale. Located at 108 Hougang Avenue 1, the strata property has a combined gross floor area of up to 3,514 sq ft, and its guide price is $5.4 million ($1,537 psf).

The sale of this shophouse is an excellent opportunity for investors looking for a defensive asset. With a full tenancy and a prominent 20m frontage along Hougang Avenue 1, the property is close to various transportation hubs and residential areas. There is an opportunity to lease the ground floor to two tenants, to maximize rental returns.

Altura EC is a 99-year leasehold executive condo located in Bukit Batok Town with 375 residential units, Altura EC close to public transport, schools and parks. Bidders have until 8 March 2022 to make their offers, with the plot estimated to cost $580-$650 per sq.ft.

CBRE has highlighted that the shophouse is also located 450m away from several new Build-To-Order (BTO) residential projects, upon completion of which they will yield 1,439 HDB units – providing an ideal catchment area for potential tenants.

This HDB shophouse is a great demonstration of how the real estate market has stood strong in times of high inflation. In such situations, these properties are seen as a good hedge against inflation, given the strong track record of capital appreciation.

Furthermore, the additional buyer’s stamp duty will not be imposed on the commercial portion of the property. All in all, this presents an ideal investment opportunity for those looking for optimal capital growth.

It is being sold via an expression of interest exercise, ending on Thursday, May 11, at 12pm. So, if you’re looking to hedge your assets against inflation and/or capitalise on the potential of the rental upside, don’t miss out on this chance.