HDB shophouses at 475 Tampines Street 44 in Singapore are now up for sale through an expression of interest at a guide price of $12 million. These single-storey shophouses are being marketed by Huttons Asia and are located near the Tampines East MRT Station on the Downtown Line. The four units still have a balance lease of 68 years, and two of them are even corner shops. All four shops are currently tenanted, providing an attractive rental yield for potential investors.

Rey Song, Senior Division Director of Huttons Asia, talks about the area’s potential to offer high traffic throughout the day. He mentions the ample parking spaces and the forthcoming development of residential homes in the area, which all adds to the footfall.

Jeremy Lim, Senior Group District Director of Huttons Asia, raises the point that HDB shophouses are more affordable than their conservation counterparts, and he believes this is the reason for their increasing popularity in the market over the past few years, when restrictions have been imposed on other types of property.

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Lee Sze Teck, Senior Director of Research at Huttons Asia, adds to the appeal of these properties by reminding potential buyers that they won’t be charged an additional buyer’s stamp duty and seller’s stamp duty. This, coupled with the fact that there’s a limited supply of 8,500 HDB shophouses to buy in the market, is likely to create a healthy level of interest.

The expression of interest exercise for the property will close on May 17th at 3pm. Don’t miss out on your chance to secure yourself a great investment opportunity.