Launch of Expression of Interest of 2-sty HDB Shophouse at Marine Parade Central

SINGAPORE, 14 May 2025 – ERA Singapore is appointed to launch for sale, via Expression of Interest, a 2-storey Housing and Development Board (HDB) shop house located in the heart of Marine Parade.

The 2-storey property consists of a retail space on the first floor and living quarters on the second floor and is currently fully tenanted.  It has a floor area of about 1,506 sq ft and an 83-year lease that started in 1 April 1993. The retail shop is highly visible and enjoys more than 50 metres of prominent frontage along Marine Parade Central.  With the completion of the Marine Parade MRT station, on the Thomson East Coast Line, which is just a stone’s throw away, the property is highly accessible.  

Other landmarks in the area include Parkway Parade, Parkway Centre, Holiday Inn Express Katong and Grand Mercure Roxy Hotel, i12 Katong amongst others.  Being situated in the heart of Marine Parade and Katong, where there are several developments under construction like Emerald of Katong, Meyer Blue, Tembusu Grand, The Continuum and Grand Dunman, the property enjoys a large and increasing residential catchment.

 “With only about 8,500 units available islandwide for private ownership and with no new supply, HDB shophouses have proven to enjoy rental resilience and capital preservation over time.  The asking price of $3.88 million is also an amount which is manageable for most investors and end-users.  Hence we expect strong interest from local investors looking for well-located properties with stable yield and future capital appreciation potential,” said Donald Goh, Director, Capital Markets and Investment Sales of ERA Singapore, who is handling the sale of the property.

The Expression of Interest exercise will close on the 17^th June 2025 (Tuesday) at 3pm.

For media enquiries, please contact:

Ning Peh, Senior Marketing Communications Manager, ERA Singapore

Email: [email protected]

Kaixin Yue, PR Manager, ERA Singapore

Email: [email protected]

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