Strata-titled space beside HDB Hub for sale at $65m

[SINGAPORE] A row of prime heartland retail shops in Toa Payoh Central is up for sale by tender at an indicative price of $65 million, which works out to an average of about $11,245 per sq ft (psf) for the 5,780 sq ft property.

The average psf pricing seems high for a Housing Board retail shop, although a few consultants concede that there are not many records of transactions of such retail units for comparison.

Located in Block 190 of Toa Payoh Central, the property is a strata-titled shop subdivided for lease to four tenants, including Watsons. It has a remaining lease of 57 years.