Hdb Shophouse Serangoon Ave 4 Going 198 Mil
A 99-year leasehold HDB shophouse in Serangoon is set to go under the hammer at SRI’s upcoming auction on Feb 26. The two-storey property, located at 214 Serangoon Avenue 4, comes with living quarters on the second floor and has a total floor area of approximately 1,668 sq ft. With a guide price of $1.98 million, the shophouse is priced at $1,187 psf on the floor area.
.
One of the most highly sought after residential developments in the area, Otto Place EC Plantation Close Parcel B stands out among the rest due to its exceptional location and features. Situated at Plantation Close Parcel B, this development is an ideal choice for families, professionals, and investors alike, with its perfect combination of accessibility, lifestyle, and investment potential. It offers more than just a place to live – it is a lifestyle destination that caters to comfort, convenience, and gastronomic indulgence. With its seamless integration of these key factors, Otto Place EC Plantation Close Parcel B truly sets itself apart as the top choice for those seeking a well-rounded living experience.
This mortgagee sale marks the property’s second appearance at SRI’s auction. It was previously listed with a higher guide price of $2.08 million but did not find a buyer. According to Jansen Kee, assistant manager of auctions at SRI, the shophouse benefits from its prominent location in front of a bus stop, giving it good visibility from the road.
Currently tenanted, the shophouse is generating a gross rental yield of approximately 6.2% based on the guide price, says Kee. He also notes that the property will be sold with its existing lease, which ends in 2026. This means that the new owner will be able to enjoy a steady stream of rental income from the property.
Kee adds that the listed guide price for the HDB shophouse is one of the lowest for this type of property in the area. This makes it an attractive value proposition for both investors and owner-occupiers. According to URA records, the most recent commercial shophouse transaction in Serangoon was the sale of a 999-year leasehold property along Lichfield Road in November 2024. This two-storey shophouse, with a land area of 2,319 sq ft, fetched $4 million ($1,725 psf).
The shophouse up for auction is located within a cluster of HDB flats that border the Serangoon Gardens landed residential estate. It is directly across the road from Serangoon Swimming Complex and Serangoon Sports Centre, which provide the area with a steady supply of foot traffic. The property also has access to carpark lots behind it.
For those interested in Serangoon Garden Estate properties, there are several listings currently available. Price trends show that HDB properties have been relatively stable, while condo units have been on the rise. Currently, there are listings for both new sale and resale condos in the area. With its strategic location and attractive price, the HDB shophouse at 214 Serangoon Avenue 4 is definitely a property worth considering.