HDB commercial units in Toa Payoh, Jurong East up for sale at $38m

The four assets offer net yields above 3.7%.

A group of four HDB commercial assets in Toa Payoh and Jurong East is up for sale with a combined guide price of about $38m.

The offering comprises a corner coffeeshop at 183 Toa Payoh Central and three ground-floor retail units at 135 Jurong Gateway Road.

The portfolio offers net yields above 3.7%, CBRE, its exclusive marketing agent, said.

The coffeeshop spans 1,851 square feet and has a guide price of $16m.

The Jurong Gateway units are priced at $8.25m, $5.5m, and $8.25m, respectively, with strata areas ranging from 592 sq ft to 1,195 sq ft.

The four assets have a combined strata area of 4,833 sq ft.

The properties may be acquired either collectively or individually through an Expression of Interest exercise closing on 8 October at 3 p.m.

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