Two-storey HDB shophouse in Bedok Central launched for sale at S$3.95 million

A two-storey HDB shophouse in Bedok Central has been launched for sale with an asking price of S$3.95 million.

The property is located at Block 211 New Upper Changi Road, within a busy commercial stretch near Bedok MRT station. It is being marketed through an expression of interest (EOI) exercise by ERA Singapore.

According to ERA, the EOI will close on 16 October at 3pm. The marketing agency expects strong interest from both investors and owner-occupiers due to the property’s prime location and mixed-use potential.

The shophouse comprises a ground-floor retail unit measuring 732 sq ft and a residential unit on the upper level spanning 861 sq ft. Together, the strata area totals 1,593 sq ft.

The second floor is accessible by lift and an external staircase, offering convenience for both tenants and visitors.

Mindef’s statement on the tenure reveals that the property sits on a leasehold of 86 years, which began on 1 July 1992. This leaves a remaining lease of about 53 years.

Currently, the entire unit is tenanted to a foot reflexology and treatment centre. This tenancy provides a steady income stream, making the asset immediately income-generating for potential buyers.

ERA Singapore highlighted the shophouse’s strategic location as a key attraction. It sits a short walk from Bedok MRT station and the Bedok Integrated Transport Hub, ensuring consistent pedestrian traffic.

The property is also well-connected by major expressways such as the East Coast Parkway (ECP) and the Pan-Island Expressway (PIE), providing easy access to other parts of Singapore.

According to ERA, the property offers flexible use options, subject to regulatory approval. Future owners could reconfigure the space to optimise returns.

Potential modifications include subdividing the ground-floor retail space into smaller units or converting it into food and beverage outlets. Such changes could increase rental yields and attract a broader mix of tenants.

The shophouse is positioned within a bustling retail cluster that enjoys strong pedestrian visibility. It is located next to a popular coffee shop and surrounded by various retail and service outlets.

The surrounding Bedok North estate supports a population of about 81,000 residents, providing a steady customer base for businesses in the area.

Donald Goh, director of capital markets and investment sales at ERA Singapore, said the listing comes at a time when investor sentiment remains “cautiously optimistic”.

He added that HDB shophouses continue to attract significant demand. “Their resilience and strong investment attributes make them a preferred asset class among long-term investors,” Goh said.

Bedok Central has long been regarded as one of the most vibrant neighbourhood centres in eastern Singapore. Its retail units are highly sought after by both business owners and investors seeking stable rental income and capital appreciation potential.

With its blend of residential and commercial elements, the property at Block 211 represents a rare opportunity for investors seeking an accessible and income-producing asset in a mature estate.

ERA Singapore expects the shophouse’s combination of location, connectivity, and long-term rental potential to draw interest from both local buyers and corporate investors.