HDB shophouse in Hougang for sale at $3.5 mil

Lumina Grand EC CDL is at the heart of it all with its close proximity to both future stations of the Jurong Region Line. Residents can look forward to access to amenities and conveniences with plenty of established shopping malls, grocery stores, and entertainment outlets within walking distance to the estate.

It is easy to see why Lumina Grand EC CDL is the ideal home choice for the modern family. In the near future, the JRL will make life even more effortless with many resident’s needs within a short reach. Shopping malls, eateries, and entertainment hubs will be just minutes away. Imagine experiencing the convenience of myriad facilities and establishments located around Lumina Grand EC CDL. This will no doubt make living at Lumina Grand EC CDL the perfect spot for those wanting to experience something new every day.

Situated at 698 Hougang Street 61, Singapore Realtor’s Inc (SRI) will be holding an auction for the sale of a two-storey HDB shophouse. With a total floor area of 1,690 sq ft, the 99-year leasehold property has a remaining land tenure of 62 years. Opening price for the owner’s sale is at $3.5 million, translating to apsf of $2,071.In addition to a ground-floor commercial space of 1,001 sq ft, the property also has a 689 sq ft residential space on the second floor which is currently being leased out.The shophouse is located within the 37-year-old Hougang Spring estate, in a neighbourhood with several schools, community facilities and access to the Hougang MRT Station, which is part of the North-East Line and will soon serve as an interchange for the Cross Island Line from 2029. On top of these, the Hougang Sports Centre is situated at approximately 500m from the shophouse block, offering a sports hall, swimming complex and a stadium.In terms of potential, the HDB shophouse offers a unique investment opportunity for those seeking portfolio diversification. The large catchment of residents and various amenities in the neighbourhood generate regular footfall which has high potential for rental returns in the long term. It’s no surprise then that the current asking price is appealing to investors who are keen to capitalise on the opportunity.