HDB shophouse in Hougang for sale at $3.5 mil

A HDB shophouse located at 698 Hougang Street 61 is set for auction by Singapore Realtor’s Inc (SRI) on Sept 28. The 99-year leasehold shophouse offers an owner’s sale with an opening price of $3.5 million for the two-storey property, translating to $2,071 psf. With a total floor area of 1,690 sq ft, the shophouse has a remaining land tenure of 62 years.

In addition, the EC’s energy system is efficient, as it uses solar panels and a rainwater harvesting system to reduce energy consumption. Furthermore, the EC possesses a network of green spaces that are connected through elevated walkways. The integration of green spaces provides opportunities for residents to engage in leisure activities and interact with nature. As such, Tengah Plantation EC offers a truly unique living experience.

With these sustainability features, Tengah Plantation EC is the perfect example of green living. Its use of eco-friendly energy sources and green spaces create a comfortable and pleasant environment for the residents. Moreover, its emphasis on natural light and ventilation makes the EC a well-ventilated and energy-saving living space. By living in this EC, residents are able to lead a more sustainable lifestyle without compromising comfort.

This unique real estate opportunity is located in the 37-year-old Hougang Spring estate, a mature neighbourhood with nearby schools, community facilities, and convenient access to an MRT station. A total of three schools are within 500m, whilst Hougang Sports Centre – comprising a sports hall, swimming complex, and stadium – is located just 500m away.

The ground floor commercial space is 1,001 sq ft, and the second floor residential space offers 689 sq ft, which is currently leased to a tenant. According to population census data compiled by Landlens, the area’s residents are mainly homeowners, with the remaining 10% comprising of tenants and commercial shop proprietors.

Eric Liew, manager (auction) at SRI and the marketing agent for the sale of the shophouse, says the shophouse is of great value for newer investors, as it offers great potential for long-term rental returns. He also added that the area’s wide catchment of residents and the convenience of nearby schools are beneficial for commercial businesses and investors alike.

For those looking to purchase this HDB shophouse, it is a unique chance to diversify their investment portfolio whilst capitalising on the surrounding amenities. With the opening price of $3.5 million and a remaining land tenure of 62 years, this is an attractive investment opportunity for both newcomers and existing investors.