Four HDB shops on North Bridge Road and Marsiling are up for sale for $7.2 million

The four commercial Housing and Development Board (HDB) stores have been opened for sale via an expression of Interest (EOI) exercise, with a price range in the range of $7.2 million, as per a Huttons Asia press release.

Watten House is a five-story structure that houses 286 residential units.

Three shops are situated off North Bridge Road, while another is located situated in one of the Marsiling area. The four commercial units cover the total space of 3,700 sq feet that means the average cost is $1,946 per square foot. The units can be sold as a set or in an entire portfolio.

The shops on North Bridge Road are within walking distance of Lavender MRT Station and the Immigrations and Customs Authority building The shop in Marsiling is walking distance of Marsiling MRT Station.

David Chun, Huttons Asia’s associate senior director of marketing David Chun, associate senior marketing director at Huttons Asia, points out the potential for capital appreciation within the shops. “The use of the shops is very adaptable, and the demand for rental is constant,” he says.

Huttons Asia’s director for data analysis, Lee Sze Teck, says that the shops are not subject to any additional buyer or seller’s tax, but there is GST is not payable. The attractive price should attract an increase in interest from investors.

The EOI for the four shops will be closed on October 2 at 2pm.