Sale Hdb Shophouse Toa Payoh Offers Prime Entry Point Areas Long Term Rejuvenation

In the midst of the bustling private residential market, real estate investors would be wise to consider stable, income-generating assets like HDB shophouses. Recently, an opportunity has emerged to acquire one such prized property in the mature Toa Payoh neighbourhood.

This HDB shophouse, spanning 1,478 sq ft, is located at 125 Toa Payoh Lorong 1, in the highly sought-after District 12. Priced at $2.88 million, it sits on a prime site at the intersection of Toa Payoh Lorong 1 and Toa Payoh Lorong 2. Furthermore, it is only a short distance away from Braddell MRT Station on the North-East Line, serving approximately 13,000 commuters daily according to LTA ridership statistics. This location makes it perfectly situated to serve the nearby HDB flats.

The shophouse also enjoys a convenient proximity to key amenities such as Toa Payoh West Market and Food Court, Kheng Cheng School, Toa Payoh West Community Centre, and the Singapore Federation of Chinese Clan Association Building on Toa Payoh Lorong 2.

With the flurry of rejuvenation plans for the Toa Payoh estate and numerous new households moving into the vicinity, the new owner of this shophouse stands to capitalize on the transformation of Toa Payoh. This is expected to bring about an increase in foot traffic and boost capital values in the area.

Comparison With the Market

The HDB shophouse at 125 Toa Payoh Lorong 1 is being exclusively marketed by Aster See, a senior marketing director at ERA Realty. According to the industry veteran, most HDB shophouses in fringe locations typically yield a rental return of income (ROI) of 2-3% based on their sales price. In contrast, the shophouse at 125 Toa Payoh Lorong 1 offers an estimated ROI of 4%, making it a more attractive investment opportunity for those seeking higher rental returns.

Furthermore, this property presents an attractive investment opportunity with an estimated rental yield of 4%, which is competitive in the current market. Coupled with the potential for future capital appreciation as Toa Payoh continues to rejuvenate, the long-term ROI of this property could be substantial.

Transformation of Toa Payoh

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Toa Payoh is set to benefit from various government initiatives and schemes aimed at rejuvenating this mature housing estate. It is one of three neighbourhoods identified for rejuvenation under the government’s Remaking Our Heartland program.

First introduced by then-Prime Minister Lee Hsien Loong in his 2007 National Day Rally speech, this program offers comprehensive rejuvenation plans for HDB towns and estates to ensure their sustainability and vitality.

Since 2015, plans for Toa Payoh have been progressively implemented, with a focus on enhancing commercial and recreational facilities. One notable development is the upcoming integrated project on the site of the former swimming complex, sports hall, and stadium along Toa Payoh Lorong 6.

This integrated development will include new sports facilities, a football stadium, a swimming pool complex, indoor sports halls, sheltered tennis courts, futsal courts, netball courts, and fitness studios. It will also feature national training centers for aquatics, netball, and table tennis, as well as a polyclinic and library.

With an estimated completion date of 2030, this 12ha development is expected to enhance Toa Payoh’s appeal as an HDB town and drive up foot traffic for the area’s shops, including the HDB shophouse for sale at 125 Toa Payoh Lorong 1.

Rejuvenation of Toa Payoh and Caldecott

The government’s plans to rejuvenate Toa Payoh and the neighboring Caldecott area will be anchored by the construction of several thousand new flats in these two estates. One of the upcoming Build-To-Order (BTO) projects is Toa Payoh Ridge, located at the junction of Toa Payoh Rise and Lorong 1 Toa Payoh. This 920-unit BTO project, which was launched in February 2020, is less than 300m from the HDB shophouse for sale.

Toa Payoh Ridge comprises four 40-story residential blocks and is expected to be completed in the first half of 2025. It sits between Toa Payoh and the upcoming Caldecott estate, which has also been designated for future residential development.

In 2017, the government announced plans to build new BTO flats on a 10ha plot next to Caldecott MRT Station on the Circle Line. These new flats will be less than 500m from the HDB shophouse for sale at 125 Toa Payoh Lorong 1.

According to recent rezoning by the Urban Redevelopment Authority (URA), a high-rise BTO development may be in the works for this site. Last February, a plot at the junction of Toa Payoh Rise and Braddell Rise was rezoned from educational to residential use, with an impressive gross plot ratio of 5.0.

Supported by these surrounding developments, the shophouse for sale could benefit from the increased foot traffic in the area as the consumer catchment of the region expands.

In Conclusion

With the construction of new BTO flats in Caldecott and Toa Payoh, the new owner of the HDB shophouse for sale at 125 Toa Payoh Lorong 1 can look forward to promising returns. As nearby residential developments continue to rise, the area will attract a growing number of residents, creating an even larger customer base.

For more information on this property, please contact Aster See at 98416930, Senior Marketing Director (R063006G) from ERA REALTY NETWORK PTE LTD.

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