The shophouses, zoned for “commercial” use, are within walking distance of the Tampines East MRT Station on the Downtown Line. (Photo: Huttons Asia)SINGAPORE (EDGEPROP) - Four single-storey HDB shophouses at Block 475 Tampines Street 44 are up for sale through an expression of interest (EOI) exercise at a guide price of $12 million. Its sole marketing agent is Huttons Asia.The shophouses, zoned for “commercial” use, are within walking distance of the Tampines East MRT Station on the Downtown Lin
The shophouses, zoned for “commercial” use, are within walking distance of the Tampines East MRT Station on the Downtown Line. are up for sale through an expression of interest exercise at a guide price of $12 million. Its sole marketing agent is Huttons Asia.
The shophouses, zoned for “commercial” use, are within walking distance of the Tampines East MRT Station on the Downtown Line. The four HDB shophouses have a balance lease of approximately 68 years. Two of the units are corner shops. All four units are currently tenanted. “There is high human traffic throughout the day, from residents to students from surrounding schools. There is ample parking in the area for patrons.
“HDB shophouses are more affordable than conservation shophouses and are highly sought after by investors over the past 2-3 years due to the additional buyer’s stamp duty payable for residential properties,” says Jeremy Lim, senior group district director of Huttons Asia. “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.
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