A pair of adjoining ground-floor commercial HDB shops located at 443 Pasir Ris Drive 6 is up for sale through an expression of interest (EOI) exercise with a guide price of $11.68 million.

The shops have a combined strata area of approximately 1,883 sq ft. They are currently subdivided into three units, which are fully leased to a household goods retailer, a hair salon and a beauty salon. Based on the strata area, the guide priced works out to around $6,200 psf.

The properties are located at a prime corner of the block, with dual frontages measuring about 8m and 16m. They are adjacent to the HDB Pasir Ris Branch Office and are within close proximity to Pasir Ris East Community Club and the Pasir Ris wet market.

Read also: HDB shop, once home to Popular bookstore, for sale at $38 mil

The properties are being jointly marketed by CBRE and Sakal Real Estate. According to Steven Ming, managing director for Singapore at Sakal, the property has a remaining tenure of 63 years and is available for sale with the existing tenancies.

He adds that the property will benefit from its proximity to the upcoming Pasir Ris MRT Station on the Cross Island Line, which is targeted to be completed in 2030. “Investors can expect sustained footfall and strong tenant demand, making this a defensive yet growth-oriented investment.”

Michael Tay, Singapore advisory deputy managing director and head of capital markets at CBRE, notes that the shops are ideal for both end-users and investors seeking a strategic foothold in a mature residential estate.

As commercial properties, foreigners and corporate entities are eligible to purchase the shophouses, and no Additional Buyer’s Stamp Duty (ABSD) will be imposed.

The EOI will close on March 5 at 3pm.