Tag Archives: retail shops

Best-Selling Commercial Units in Districts 7 and 8 for the 1st Half of 2014

No.1 ARC 380 (32 units sold)

ARC 380

 

Location: 380 JLN BESAR

Units sold: 32 units (31 OFFICES, 1 SHOP)

$Psf sold: S$2,366 – S$5,880

Transacted $ per unit: S$1,695,700 – $6,468,700

Tenure: FreeHold

Average Floor Square Feet per unit sold: 971psf (334psf – 2,734 psf)

Arc 380 consists of 144 strata titled office units and 23 strata titled retail shops of freehold tenure. As the rare Freehold Offices/Shop @ Jalan Besar. Arc 380 is strategically located in a prime location with constant flow of both human and vehicular traffic in huge volumes. Bendemeer MRT (Downtown Line) will be within minutes walk.

No.2 SUNSHINE PLAZA (11 units sold)

sunshine plaza

Location: 91 BENCOOLEN ST

Units sold: 11 units (7 OFFICES, 4 SHOPS)

$Psf sold: S$1,867 – S$4,919

Transacted $ per unit: S$1,120,000 – $2,277,000

Tenure: 99 YEARS FROM 19-MAR-1997

Average Floor Square Feet per unit sold: 577psf (248psf – 1098 psf)

Sunshine Plaza is a 99-year Leasehold commercial property located at 91, Bencoolen Street, 189652 in District 07. Sunshine Plaza is primarily used for Office rental and sale. Sunshine Plaza is close to Bras Basah MRT (CC2) and Bugis MRT (EW12). It is near to several bus stops located at Middle Road, Opp Prime Centre – 07571, Bencoolen Street, Aft Prinsep Link – 04029, Bencoolen Street, Fortune Centre – 07518 and Selegie Road, Peace Centre – 07011.

 

No.3 THE PLAZA (7 units sold)

SAMSUNG CSC

SAMSUNG CSC

 

Location: 7500A BEACH RD

Units sold: 7 units (7 OFFICES)

$Psf sold: S$1,649 – S$1,991

Transacted $ per unit: S$658,000 – $1,438,000

Tenure: 99 yrs from 03-SEP-1968

Average Floor Square Feet per unit sold: 527psf (334psf – 872 psf)

The Plaza is a 99-year Leasehold commercial property located at 7500, Beach Road, 199591 in District 07. The Plaza is primarily used for Office rental and sale. The Plaza is close to Nicoll Highway MRT (CC5), Bugis MRT (EW12) and Promenade MRT (CC4). It is near to several bus stops located at Beach Road, Plaza Parkroyal – 01529, Beach Road, Opp Plaza Parkroyal – 01521, Beach Road, The Gateway – 01519 and Beach Road, Opp The Gateway – 01511

No.4 GOLDEN MILE COMPLEX (5 units sold)

Golden_Mile

Location: 5001 BEACH RD

Units sold: 5 units (4 OFFICES, 1 SHOPS)

$Psf sold: S$905– S$1,408

Transacted $ per unit: S$180,000 – $1,750,000

Tenure: 99 yrs from 04-AUG-1969

Average Floor Square Feet per unit sold: 607 psf (183 psf – 1281 psf)

Golden Mile Complex  is a high-rise commercial and residential building on Beach Road in Kallang, Singapore. The building was formerly known as Woh Hup Complex. The complex has 411 shops and 500 parking places.

Golden Mile Complex is primarily used for Office space rent and sale. Golden Mile Complex is close to Nicoll Highway MRT Station (CC5), Bugis MRT Station (EW12) and Lavender MRT Station (EW11). It is near to several bus stops located at Golden Landmark, Beach Road – 01429, opposite Golden Mile Complex – 01421 and at St.John Headquarters – 014119

HDB Hub retail shopspace for sale at $65M

According to today’s BT report a row of HDB shopspace near Toa Payoh Hub is selling for over $11K psf for a remaining lease of 50+ years left.

A row of prime heartland retail shops in Toa Payoh Central is up for sale by tender at an indicative price of $65 million, which works out to an average of about $11,245 per sq ft (psf) for the 5,780 sq ft property.

Located in Block 190 of Toa Payoh Central, the property is a strata-titled shop subdivided for lease to four tenants, including Watsons. It has a remaining lease of 57 years. 

The average psf pricing seems high for a Housing Board retail shop, although  there are not many records of transactions of such retail units for comparison.

For retail spaces, human traffic is most important. The space is part of the “most prime row of shops” in Toa Payoh Central. Anyone going to the HDB Hub will pass through that area, and the atrium in front of the shops, used for roadshows or events, also pulls in crowds.

Current listings on CommercialGuru show that monthly rents for units along this stretch can hit $50 psf; rents in this stretch can be 20 to 30 per cent higher than shops elsewhere in Toa Payoh Central.

The HDB Hub is the only retail centre serving Toa Payoh residents, Savills noted. The hub, integrated with Toa Payoh MRT station and the bus interchange, is also near exit points of the Pan Island Expressway (PIE).

Toa Payoh, HDB’s second satellite town, is home to more than 109K residents.

 

Savills, the sole marketing agent, announced the sale yesterday but did not disclose the client. The tender closes at 3pm on Aug 12.

http://www.businesstimes.com.sg/specials/property/strata-titled-space-beside-hdb-hub-sale-65m-20140708