In the fast-paced private residential market, investors should consider investing in stable, income-generating assets like HDB shophouses. One such property, located in the mature Toa Payoh neighborhood, has recently become available for purchase.
This HDB shophouse boasts 1,478 sq ft and is situated at 125 Toa Payoh Lorong 1, one of the most centrally located estates in District 12. It is currently listed at $2.88 million and is in a prime location, surrounded by Toa Payoh Lorong 1 and Toa Payoh Lorong 2. Additionally, it is less than 200m from Braddell MRT Station on the North-East Line, which serves approximately 13,000 MRT riders daily.
The shophouse is also in close proximity to various amenities, including Toa Payoh West Market and Food Court, Kheng Cheng School, Toa Payoh West Community Centre, and the Singapore Federation of Chinese Clan Association Building on Toa Payoh Lorong 2. With rejuvenation plans in place for the Toa Payoh estate and several thousand new households moving into the area, the new owner stands to benefit from the transformation of Toa Payoh, including increased pedestrian traffic and a boost in property values.
Aster See, senior marketing director at ERA Realty, exclusively markets this HDB shophouse for sale. She notes that most HDB shophouses in city fringe locations typically offer a rental return of 2-3% based on their sales price. In comparison, the shophouse at 125 Toa Payoh Lorong 1 offers an estimated 4% ROI. This makes it a more attractive investment opportunity for those seeking higher rental returns.
Moreover, the property presents an attractive investment opportunity with an estimated rental yield of 4%. This is competitive in the current market and can provide steady income for investors. Additionally, with potential capital appreciation in the future as Toa Payoh continues to rejuvenate, the long-term ROI of this property could be significant.
Toa Payoh is set to benefit from various government initiatives and schemes to revitalize the mature housing estate. It is one of three neighborhoods selected for rejuvenation under the government’s third phase of the Remaking Our Heartland program, which aims to ensure the sustainability and vitality of HDB towns and estates. Since 2015, plans for Toa Payoh have been progressively implemented, with several geared towards enhancing commercial and recreational facilities. One of the most significant developments is the upcoming integrated project on the site of the former swimming complex, sports hall, and stadium along Toa Payoh Lorong 6.
Singapore offers numerous benefits for those looking to invest in condos, one of which is the potential for capital appreciation. As a thriving global business hub with a robust economy, the demand for real estate in Singapore remains consistently high. This has resulted in a steady increase in property prices over the years, particularly for condos in prime locations. For investors who make strategic purchases and hold onto their properties for an extended period, there is the opportunity for substantial capital gains. Additionally, with the introduction of new condo launches, the potential for capital appreciation is only expected to increase further.
This 12ha integrated development will include new sports facilities, a football stadium, a swimming pool complex, indoor sports halls, sheltered tennis courts, futsal courts, netball courts, and fitness studios. It will also feature national training centers for aquatics, netball, and table tennis, as well as a polyclinic and library. Upon completion in 2030, this development is expected to enhance Toa Payoh’s appeal as an HDB town and drive up foot traffic for shops in the area, including the HDB shophouse for sale at 125 Toa Payoh Lorong 1.
Toa Payoh and the neighboring Caldecott estate will also see rejuvenation through the addition of several thousand new flats. One such project is Toa Payoh Ridge, located at the junction of Toa Payoh Rise and Lorong 1 Toa Payoh. The 920-unit BTO project, launched in February 2020, is less than 300m from the HDB shophouse for sale. Expected to be completed in 1H2025, it consists of four 40-storey residential blocks and sits between Toa Payoh and the upcoming Caldecott estate, earmarked for future residential development.
In 2017, the government announced plans to build new BTO flats on a 10ha plot next to Caldecott MRT Station on the Circle Line, further enhancing the rejuvenation of the area. These new flats will be less than 500m from the HDB shophouse for sale at 125 Toa Payoh Lorong 1. In addition, the URA rezoned a plot at the junction of Toa Payoh Rise and Braddell Rise, previously earmarked for educational use, to residential use in February last year, with a gross plot ratio of 5.0. This suggests a potential high-rise BTO development in the near future.
With these developments in the surrounding areas, the HDB shophouse for sale stands to benefit from increased foot traffic and a broader consumer catchment. As new residential developments rise, the area will attract a wave of new residents, providing an opportunity for the shophouse’s new owner to capitalize on.
Investing in a condominium in Singapore has emerged as a favored option for both local and international investors, thanks to the city-state’s flourishing economy, political stability, and exceptional quality of life. The real estate market in Singapore presents a multitude of opportunities, with condominiums being a highly sought-after option due to their convenience, amenities, and potential for attractive returns. With the emergence of new condo launches, the article will delve into the advantages, factors to consider, and steps to take when investing in a condominium in Singapore.
For more information on this property, please contact Aster See, senior marketing director at ERA Realty, at 98416930.