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

The place draws in young, upscale residents, helping the property by locating it for flexible mid- to long-term leasing. Footfall is even sustained by nearby establishment hubs like Changi Business Park and ESR Biz Park @ Chai Chee.

A business strata unit at 215 Bedok North Road 1 goes on the marketplace for $24 million, with CBRE as the exclusive advertising broker. The unit, on the 2nd ground of a two-storey business building, has a strata area of 16,178 sq ft and the suggestive overview rate works out to $1,483 psf on the strata location. Business and foreigners can buy the subject real estate with no additional customer’s or seller’s stamp duty imposed on the transaction.

The HDB unit will be offered via an expression of interest exercise that finalizes on July 10.

Situated in the Bedok Town Centre district, the unit is near various neighbourhood services, featuring Bedok Market and Hawker Centre, Bedok Public Library and Kampong Chai Chee Neighborhood Centre. It is likewise near the Bedok Integrated Transport Hub, which includes Bedok Shopping center on New Upper Changi Road, an air-conditioned bus change and a link to the Bedok MRT Station on the East-West Line.

Cape Royale condominium

Tay even says the unit available offers “a possibility for entrepreneurs seeking safety purchases with accretive turnout possibility”. Situated in a mature HDB center undergoing fast restoration, it sets to take advantage of the progression of brand-new HDB apartments and nonpublic condominiums like Sky Eden @ Bedok, positioned at Bedok Central, within a three-minute step of the Bedok incorporated transportation hub and services.

“These sorts of market HDB assets with sizable floor plates in fully grown neighbourhoods are scarce and have solid renting demand from numerous renter profiles, including institutions, firms and workplaces,” states Michael Tay, head of resources markets, Singapore, at CBRE. He adds the unit is presently subleased to Singapore Pools Betting Centre, giving an appealing financial investment opportunity with a well-known renter.