Hdb Shophouse Serangoon Ave 4 Going 198 Mil
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A 99-year leasehold HDB shophouse at 214 Serangoon Avenue 4 will be up for auction on Feb 26, according to SRI. The two-storey shophouse, which includes living quarters on the upper level, boasts a total floor area of approximately 1,668 sq ft. The property is listed with a guide price of $1.98 million, which equates to $1,187 psf on the floor area. It is a mortgagee sale and has previously appeared in SRI’s auction with a higher guide price of $2.08 million, but did not find a buyer.
Jansen Kee, assistant manager of auctions at SRI, reports that the shophouse is situated in a prime location in front of a bus stop, providing it with excellent visibility from the road. Currently tenanted, the shophouse is generating a gross rental yield of around 6.2% based on the guide price. Kee notes that the property will be sold with its existing lease, which expires in 2026, offering the new owner an immediate stream of rental income.
The listed guide price for the HDB shophouse is among the lowest in the area, making it an appealing investment opportunity for both investors and owner-occupiers, according to Kee. URA records show that the most recent commercial shophouse transaction in Serangoon was the sale of a 999-year leasehold shophouse along Lichfield Road in November 2024. The two-storey property, with a land area of 2,319 sq ft, sold for $4 million ($1,725 psf).
The shophouse on the auction block is located in a cluster of HDB flats near the Serangoon Gardens landed residential estate. It sits directly across from the Serangoon Swimming Complex and Serangoon Sports Centre, which attract a steady flow of foot traffic to the area. Carpark lots are available behind the shophouse.