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

Located in the Bedok Town Centre district, the unit is close to numerous area facilities, featuring Bedok Market and Hawker Centre, Bedok Town Library and Kampong Chai Chee Town Centre. It is also close to the Bedok Integrated Transportation Hub, which includes Bedok Shopping center on New Upper Changi Road, a cool bus interchange and a link to the Bedok MRT Terminal on the East-West Line.

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

The location brings in young, wealthy homeowners, helping the property by locating it for versatile mid- to long-term leasing. Footfall is additionally maintained by neighboring establishment hubs like Changi Business Park and ESR Biz Park @ Chai Chee.

Tay even claims the unit for sale offers “a chance for buyers looking for safety procurements with accretive return possibility”. Situated in an older HDB hub undertaking quick rejuvenation, it sets to gain from the progression of brand-new HDB condos and private condos such as Sky Eden @ Bedok, situated at Bedok Central, within just a three-minute walking of the Bedok integrated transportation centre and facilities.

Tembusu Grand condo

A business strata unit at 215 Bedok North Street 1 goes on sale for $24 million, along with CBRE as the exclusive advertising and marketing broker. The unit, on the 2nd level of a two-storey business building, has a strata space of 16,178 sq ft and the indicatory overview price exercises to $1,483 psf on the strata area. Companies and immigrants can acquire the subject real estate with no additional customer’s or vendor’s stamp duty imposed on the purchase.

“These kinds of business HDB assets with large ground plates in fully grown communities are limited and have strong leasing demand from numerous tenant profiles, consisting of colleges, companies and workplaces,” claims Michael Tay, head of capital markets, Singapore, at CBRE. He adds the unit is presently subleased to Singapore Pools Betting Centre, giving an attractive investment opportunity with a well established renter.

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