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
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
US-China rivalry and the Kindleberger Trap: Why inaction – not escalation – is the biggest risk
PayPal plans job cuts as its new CEO pursues turnaround strategy
