In the competitive landscape of Singapore’s real estate market, particularly in the highly sought-after Bukit Timah region, an enticing opportunity has emerged. Three freehold retail units have been put up for sale, collectively listed at $18.5 million. This represents a significant moment for both local and foreign investors looking to capitalize on prime commercial space in an affluent enclave.
Location and Accessibility
The properties are situated along Greenwood Avenue within the Hillcrest Park area, conveniently located behind prominent educational institutions such as National Junior College and Raffles Girls Primary School. Their proximity to Tan Kah Kee MRT station enhances their connectivity, making them reachable through established roads like Dunearn Road and Bukit Timah Road, as well as major expressways including the Pan-Island Expressway (PIE) and Central Expressway (CTE).
Property Details
This retail portfolio comprises three distinct units with a total gross floor area of 4,456 square feet. Below are details about each unit:
- 20 Greenwood Avenue: 1,539 sq ft; Guide Price: $6.5 million; PSF: $4,224
- 26 Greenwood Avenue: 1,442 sq ft; Guide Price: $6 million; PSF: $4,161
- 28 Greenwood Avenue: 1,475 sq ft; Guide Price: $6 million; PSF: $4,068
The average price per square foot across these units stands at approximately $4,150—a competitive rate when juxtaposed with other freehold commercial properties in the vicinity.
A Competitive Edge in Pricing
The Demand for Retail Space
Future Development Prospects
Investment Potential
Conclusion
Source: Original Article
