HDB shophouses in Singapore are highly sought after by investors due to the lack of properties subject to the Additional Buyer’s Stamp Duty (ABSD). Four single-storey HDB shophouses at Block 475 Tampines Street 44 are up for sale through an Expression of Interest (EOI) exercise, with a guide price of $12 million. Located near Tampines East MRT Station, the four HDB shophouses have an approximate balance lease of 68 years, and are currently tenanted.

The shophouses are zoned for commercial use and are within walking distance of the MRT Station. It enjoys high human traffic throughout the day, from residents to students from surrounding schools, and offers ample parking for patrons.

Altura EC provides residents with a range of Altura EC outdoor and leisure activities such as jogging, cycling, picnicking and sports facilities at Civil Service Club @ Bukit Batok.

Lee Sze Teck, senior director of research at Huttons Asia which is the sole marketing agent for the property, says “there are only 8,500 HDB shophouses that can be resold in the market. Furthermore, the shophouses are not subjected to ABSD and seller’s stamp duty.” This should draw healthy interest from investors looking to purchase a shophouse.

Jeremy Lim, senior group district director of Huttons Asia, notes that HDB shophouses are more affordable than conservation shophouses and are highly sought after. “Footfall to the shops is likely to increase when more residential homes are built on the empty parcels of land in the vicinity,” adds Rey Song, senior division director of Huttons Asia.

The EOI exercise for the property closes on 17 May at 3pm. For investors looking to purchase a HDB shophouse near Tampines East MRT Station, this could be their chance to own a piece of sought-after commercial property.

Those seeking HDB shophouses in Singapore will want to act quickly, as there are only 8,500 of this kind of property available in the market. Four single-storey HDB shophouses near the Tampines East MRT Station on the Downtown Line are up for sale through an Expression of Interest (EOI) exercise at a guide price of $12 million. Marketing for the property is being handled solely by Huttons Asia.

It has a balance lease of approximately 68 years and is currently tenanted. Promising an abundance of potential customers, there is high human traffic throughout the day, from residents to students from surrounding schools, and ample parking in the area.

The area is expected to experience increased footfall when more residential homes are constructed on available land in the vicinity. HDB shophouses are more affordable than conservation shophouses and are highly sought after, as they are not subjected to the Additional Buyer’s Stamp Duty (ABSD) or the Seller’s Stamp Duty.

This should draw interest from investors looking to purchase a shophouse and the EOI exercise closes on 17 May at 3pm. All potential buyers are encouraged to take advantage of this opportunity to own a highly sought-after commercial property near a MRT station.