SingPost puts up 10 HDB shophouses for S$50 million in sale-and-leaseback bid
The postal services provider is the anchor tenant for 90.8% of the space in these shophouses, with the remaining leased out to external parties
Add BT as a preferred source
[SINGAPORE] National postal service provider Singapore Post (SingPost) has put up 10 Housing & Development Board (HDB) shophouses for sale and leaseback under its plan to divest non-core assets.
These properties, distributed across the HDB heartlands, are expected to fetch S$50 million in total, The Business Times understands. The Teban Gardens Road shophouse has the lowest asking price of S$2.4 million, and the one in Bedok North, the highest at S$7.1 million.
Gross yields for these HDB shophouses, with a total strata area of 21,118.77 square feet, range from 4.32 to 4.98 per cent per annum.
TRENDING NOW
Johor property old hand KSL readies family handover amid market boom
Wilmar, Musim Mas among palm-oil firms in Indonesia under probe for suspected export under-invoicing
Sats may reward shareholders with special dividend if there’s spare cash
Property group Lee Kim Tah reaches settlement with ex-director in ongoing misconduct probe
