264 views
Photo from ERA Realty

HDB shophouse in Marine Parade up for sale

The property is on sale via an Expression of Interest exercise.

A two-storey HDB shophouse in Marine Parade has been launched for sale.

ERA Realty Network, the property's marketing agent, said the shophouse is on sale via an Expression of Interest exercise, which will close on 25 May at 3 pm.

The first floor of the shophouse is a retail space, whilst the second storey comprises fully-tenanted living quarters.

The property has a floor area of about 1,506 sq ft and an 83-year lease that started on 1 April 1993.

“With a limited supply of about 8,500 private-owned units available islandwide, HDB shophouses have proven to enjoy rental resilience and capital appreciation over time. Furthermore, the anticipated completion of the upcoming Marine Parade MRT station in 2024 will bring about an increase in foot traffic that will auger well for the property,"  said Donald Goh, Director of Capital Markets and Investment Sales of ERA Singapore.

"Hence we expect strong interest from local investors looking for well-located properties with stable yield and future capital appreciation potential,” Goh added.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!