# Four HDB Shophouse Units For Sale At $13.4 Million Portfolio - **Source:** Stacked Homes - **Published:** 2026-08-13T11:15:17.000Z - **Author:** Sihan Chia - **Original:** https://stackedhomes.com/4-rare-hdb-shophouse-units-hit-the-market-13-4m-2-city-fringe-locations/ - **Topics:** HDB & Public Housing, Commercial & Industrial, Transactions & Deals ## Featured rationale The rare portfolio may attract income-focused investors seeking city-fringe commercial assets, while strong accessibility, footfall and neighbourhood rejuvenation could support longer-term rental and capital growth. ## AI summary Four fully tenanted HDB shophouse units in Bras Basah and Lavender, totalling approximately 6,609 sq ft, are offered individually or collectively for $13.4 million. ## Original article With relatively few HDB shophouse units in private ownership, it’s rare to see a portfolio comprising four of these high yielding assets put up for sale at the same time. The properties for sale are located in two city-fringe locations, Bras Basah and Lavender, and have been listed at a guide price of $13.4 million. The HDB shophouse units benefit from prominent frontages and strong pedestrian footfall, given their location in mature estates. The properties will also be sold with existing tenancies, making them appealing to investors looking for well-located commercial assets. Together, the units have a combined strata area of approximately 6,609 sq ft, and can be acquired individually or collectively. The properties will be sold in an Expression of Interest (EOI) exercise managed by CBRE, the sole marketing agent. “The defensive nature of HDB shophouse investments appeals to investors seeking stable income-generating opportunities. Over the last four years, HDB town centres have remained vibrant as more people work from home and increasingly patronise neighbourhood retail offerings,” says Michael Tay, Deputy Managing Director and Head of Capital Markets at CBRE Singapore. The ground floor unit for sale at 231 Bain Street. (Photo: CBRE Singapore) The properties in Bras Basah are two full-commercial HDB shophouse units within Bras Basah Complex at 231 Bain Street. Both are collectively priced from $9.8 million. The ground floor unit has a strata area of 1,916 sq ft, while the unit on the second floor is 2,777 sq ft. Each unit could appeal to different tenant profiles and business uses. For retail operators, the corner ground floor unit enjoys prominent frontage facing Raffles Hotel, and is currently tenanted to a Korean minimart. The visibility enhances the unit’s appeal to businesses that depend on walk-in traffic and brand exposure. The unit on the second floor is a corner unit with dual frontage. Located directly beside the staircase, its position enhances accessibility and visibility from the ground floor. This unit is currently leased to a language school, the unit is well positioned to tap on the neighbourhood’s strong student catchment from nearby schools including Nanyang Academy of Fine Arts, School of The Arts and Singapore Management University. The unit on the second floor of 231 Bain Street. (Photo: CBRE Singapore) Brash Basah Complex is in a prime city-fringe location that is currently served by four MRT stations. (Map: URA) Strategically located within three established lifestyle and commercial precincts – Bras Basah, Bugis and the Civic District – these units in Brash Basah Complex benefit from a diverse pool of office workers, students, tourists and residents. The location is also close to four MRT stations – Bras Basah, Bencoolen, City Hall and Esplanade – and enjoys excellent connectivity to the city centre via the East Coast Parkway (ECP) and the Central Expressway (CTE). The remaining two HDP shophouse units are two adjacent ground floor units at 803 King George’s Avenue, and are currently leased to a café-gallery operator. They have a combined strata area of approximately 1,916 sq ft and are on the market for $3.6 million. The adjacent ground floor units are on an efficient and regular-shaped floor plate, which CBRE says is ideal for customer-facing businesses looking for optionality to use the units as an integrated premise. The properties are close to Lavender MRT station on the East-West Line, and this significantly enhances its retail catchment and pedestrian footfall, as well as public transport accessibility to customers and staff working in the area. It also benefits from ample parking lots in the vicinity. The pair of ground floor units at 803 King George’s Avenue. (Photo: CBRE Singapore) Crucially, this area at King George’s Avenue offers investors exposure to a set of commercial properties in a developing neighbourhood in transition. This opens the door to future capital and rental growth over the longer term as more visitors and businesses get drawn to the area. The area has been undergoing rejuvenation in recent years, and the precinct is now home to a growing cluster of lifestyle cafés and fitness centers. For investors, this kind of tenant clustering can be a positive sign. As more lifestyle operators establish themselves, the precinct can become a destination in its own right. The existing café-gallery concept also validates the space’s ability to support an experiential, destination-driven business. The EOI for the sale of the portfolio of HDB shophouse units closes on September 9. ## Chinese translation > Translation model: grok_cli ### 四间组屋店屋单位以新币1340万元组合盘挂售 一套位于百胜（Bras Basah）与劳明达（Lavender）的四间组屋店屋单位组合盘，以意向书（EOI）方式挂售，叫价新币1340万元，全部已出租，合计分层面积约6609平方英尺，截止日期为9月9日。 私人持有的组屋店屋单位相对较少，因此同时看到由四项高收益资产组成的组合盘挂售颇为罕见。待售物业位于两个市区边缘地段——百胜（Bras Basah）与劳明达（Lavender），指导价为新币1340万元。 这些组屋店屋单位享有显眼临街面与强劲人流，因其位于成熟组屋区。物业也将连同现有租约出售，对寻求地段优越的商业资产的投资者具有吸引力。 这些单位合计分层面积约6609平方英尺，可单独或整批购入。物业将通过由独家营销代理世邦魏理仕（CBRE）管理的意向书（EOI）程序出售。 “组屋店屋投资的防守型特质，吸引寻求稳定创收机会的投资者。过去四年，随着更多人在家工作、并越来越多光顾邻里零售，组屋镇中心依然热闹。”世邦魏理仕新加坡资本市场主管兼副董事总经理Michael Tay说。 待售的231 Bain Street一楼单位。（照片：世邦魏理仕新加坡） 百胜的物业是百胜综合楼（Bras Basah Complex）内、位于231 Bain Street的两间全商业组屋店屋单位。两者合计起价新币980万元。一楼单位分层面积1916平方英尺，二楼单位为2777平方英尺。各单位可能吸引不同租户类型与商业用途。 对零售经营者而言，转角一楼单位享有面向莱佛士酒店（Raffles Hotel）的显眼临街面，目前租给一家韩国迷你超市。可见度提升了该单位对依赖客流与品牌曝光的商家的吸引力。 二楼单位为转角单位，拥有双重临街面。它紧邻楼梯，位置提升了从一楼的可达性与可见度。该单位目前租给一所语言学校，有利于承接周边学校的强劲学生客源，包括南洋艺术学院、新加坡艺术学院及新加坡管理大学。 231 Bain Street二楼单位。（照片：世邦魏理仕新加坡） 百胜综合楼位于黄金市区边缘地段，目前由四个地铁站服务。（地图：市区重建局） 这两间位于百胜综合楼的单位，战略性地处于百胜、武吉士（Bugis）与市政区（Civic District）三个成熟生活与商业片区之内，受惠于办公人群、学生、游客与居民的多元客源。 该地段也靠近四个地铁站——百胜、明古连（Bencoolen）、政府大厦（City Hall）与滨海中心（Esplanade）——并可通过东海岸公园大道（ECP）与中央高速公路（CTE）便捷连接市中心。 其余两间组屋店屋单位是803 King George’s Avenue两间相邻的一楼单位，目前租给一家咖啡馆兼艺廊经营者。两者合计分层面积约1916平方英尺，挂售价为新币360万元。 这两间相邻一楼单位楼板规整高效，世邦魏理仕称其非常适合面向顾客、希望把两间单位作为一体经营的商家。 物业靠近东西线劳明达地铁站，显著扩大零售客源与人流，也方便顾客及在该区工作的员工使用公共交通。附近停车位也相当充足。 803 King George’s Avenue的一对一楼单位。（照片：世邦魏理仕新加坡） 关键的是，King George’s Avenue这一带为投资者提供了处于转型发展中邻里的一组商业物业敞口。随着更多访客与商家被该区吸引，这为更长期的资本与租金增长打开空间。 该区近年持续更新，片区现已聚集越来越多生活咖啡馆与健身中心。对投资者而言，这类租户聚集可以是积极信号。随着更多生活业态进驻，片区本身可成为目的地。现有的咖啡馆兼艺廊概念，也验证了该空间能够支撑体验式、目的地驱动型业务。 该组屋店屋单位组合盘的意向书（EOI）于9月9日截止。