HDB commercial strata unit in Bedok North going for $24 mil

The HDB unit is going to be sold via an expression of interest exercise that closes on July 10.

Tay also claims the unit up for sale supplies “a chance for entrepreneurs looking for defensive procurements with accretive return capacity”. Situated in a mature HDB center going through rapid restoration, it sets to take advantage of the property development of new HDB condos and nonpublic condominiums such as Sky Eden @ Bedok, positioned at Bedok Central, within just a three-minute walk of the Bedok integrated transportation center and amenities.

Found in the Bedok Town Centre precinct, the unit is around numerous area services, providing Bedok Market and Hawker Centre, Bedok Public Library and Kampong Chai Chee Community Centre. It is likewise close to the Bedok Integrated Transportation Center, that includes Bedok Mall on New Upper Changi Road, an air-conditioned bus interchange and a link to the Bedok MRT Terminal on the East-West Line.

Klimt Cairnhill Low Keng Huat

“These sorts of market HDB assets with sizable floor plates in mature areas are rare and have good subleasing need from different occupant profiles, including institutions, agencies and offices,” claims Michael Tay, head of capital markets, Singapore, at CBRE. He adds the unit is currently subleased to Singapore Pools Betting Centre, featuring an attractive investment prospect with a well-known occupant.

A commercial strata unit at 215 Bedok North Street 1 is on the marketplace for $24 million, with CBRE as the restricted advertising and marketing broker. The unit, on the 2nd floor of a two-storey business building, has a strata area of 16,178 sq ft and the suggestive guide cost works out to $1,483 psf on the strata location. Business and noncitizens can acquire the subject real estate without added purchaser’s or seller’s stamp responsibility imposed on the purchase.

The area draws in young, wealthy locals, helping the asset by locating it for adaptable mid- to extensive leasing. Footfall is also maintained by close-by company hubs like Changi Business Park and ESR Biz Park @ Chai Chee.

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