# Two HDB commercial properties in Toa Payoh for sale at $40 mil

- **Source:** EdgeProp Singapore
- **Published:** 2026-08-24T23:00:00.000Z
- **Author:** Atiqah Mokhtar
- **Original:** https://www.edgeprop.sg/property-news/two-hdb-commercial-properties-toa-payoh-sale-40-mil
- **Topics:** HDB & Public Housing, Commercial & Industrial, Transactions & Deals

## Featured rationale

Foreign and corporate eligibility, immediate rental income and the ground-floor unit’s stamp-duty exemptions and F&B approval may broaden investor demand and leasing flexibility.

## AI summary

Two fully leased HDB commercial properties in Toa Payoh Town Centre are offered through an EOI at a combined $40 million guide price, closing Sept 28.

## Original article

Two HDB commercial assets located in Toa Payoh Town Centre have been put up for sale via an expression of interest (EOI) exercise with a guide price of $40 million. They comprise a ground-floor HDB shop at Block 190 Lorong 6 Toa Payoh and a two-storey HDB shop at Block 178 Toa Payoh Central.

The ground-floor shop measures 6,039 sq ft and has a 22m frontage along a pedestrian thoroughfare. It has a remaining lease of about 45 years and is fully leased to tenants in the F&B and beauty and wellness sectors.

The two-storey HDB shop comes with living quarters and has a total floor area of about 1,345 sq ft. It is leased to a clinic, and has a remaining lease of about 44 years.

Read also: HDB shophouse units in Bras Basah and Lavender up for sale at $13.4 mil

Both properties are eligible for purchase by foreigners and corporate entities. In addition, the ground-floor unit at Block 190 Lorong 6 Toa Payoh is a commercial property, making it exempt from additional buyer’s stamp duty and seller's stamp duty.

Both properties are within walking distance of Toa Payoh MRT Station, the bus interchange and HDB Hub.

“This offering combines a sizeable ground-floor commercial asset with a traditional HDB shop, providing investors with immediate income and exposure to two complementary asset types within the heart of Toa Payoh Central,” said Shaun Poh, executive director for capital markets at Cushman & Wakefield, Singapore, which is handling the sale.

Daphne Poh, the firm’s director for capital markets, added that the F&B approval for the ground-floor HDB shop unit enhances its appeal to a broad range of occupiers, increasing leasing flexibility.

Cushman & Wakefield is marketing the properties on behalf of Lew Foundation. Proceeds from the sale will be progressively reinvested into charitable initiatives, reflecting the foundation’s “broader commitment to converting assets into lasting social value”, Cushman & Wakefield said.

Founded by local businessman Lew Chee Beng in 2015, Lew Foundation supports organisations and initiatives targeting the elderly and youth. Past donation recipients include St Andrew’s Mission Hospital, the National Kidney Foundation and St Luke’s Hospital.

Read also: Three adjoining HDB shophouses in Telok Blangah on the market for $7.9 mil

Current initiatives being supported include the Lew Foundation Service-Learning Fund: a $600,000 commitment to support overseas service-learning opportunities for Institute of Technical Education students through the Singapore International Foundation. The Lew Foundation contributed an initial $150,000 in 2025, with the remainder to be provided by 2028.

The EOI will close at 3pm on Sept 28.

## Chinese translation

> Translation model: openai_codex_cli

### Toa Payoh 两处 HDB 商业物业以新币4,000万元求售

这些物业位于 Toa Payoh Town Centre，包括一间面积6,039平方英尺的首层店铺，以及一间约1,345平方英尺的两层 HDB 店铺。

位于 Toa Payoh Town Centre 的两项 HDB 商业资产已通过意向书（EOI）方式推出市场，指导价为新币4,000万元。它们包括位于 Block 190 Lorong 6 Toa Payoh 的一间首层 HDB 店铺，以及位于 Block 178 Toa Payoh Central 的一间两层 HDB 店铺。

首层店铺面积6,039平方英尺，沿一条行人通道拥有22米临街面。其剩余租期约45年，目前已全数出租给餐饮以及美容与健康领域的租户。

这间两层 HDB 店铺附带居住空间，总楼面面积约1,345平方英尺。它已出租给一家诊所，剩余租期约44年。

相关阅读：Bras Basah 和 Lavender 的 HDB 店屋单位以新币1,340万元求售

两项物业均符合外国人和企业实体的购买资格。此外，位于 Block 190 Lorong 6 Toa Payoh 的首层单位属于商业物业，因此豁免额外买方印花税和卖方印花税。

两项物业均在 Toa Payoh MRT Station、巴士转换站和 HDB Hub 的步行范围内。

“此次推出的物业将一项规模可观的首层商业资产与一间传统 HDB 店铺结合起来，为投资者提供即时收入，并让他们在 Toa Payoh Central 核心地段接触两类互补资产，”负责此次销售的 Cushman & Wakefield Singapore 资本市场执行董事 Shaun Poh 表示。

该公司资本市场董事 Daphne Poh 补充说，首层 HDB 店铺单位的餐饮批准增强了其对广泛占用者的吸引力，提高了租赁灵活性。

Cushman & Wakefield 代表 Lew Foundation 推广这些物业。Cushman & Wakefield 表示，出售所得将逐步再投资于慈善计划，体现该基金会“将资产转化为持久社会价值的更广泛承诺”。

Lew Foundation 由本地商人 Lew Chee Beng 于2015年创立，支持面向年长者和青年人的组织与计划。过往受赠机构包括 St Andrew’s Mission Hospital、National Kidney Foundation 和 St Luke’s Hospital。

相关阅读：Telok Blangah 三间相邻 HDB 店屋以新币790万元求售

目前获得支持的项目包括 Lew Foundation Service-Learning Fund：这是一项新币600,000元的承诺，通过 Singapore International Foundation 支持 Institute of Technical Education 学生的海外服务学习机会。Lew Foundation 于2025年先行捐出新币150,000元，其余款项将在2028年前提供。

EOI 将于9月28日下午3时截止。