Freehold retail properties in Paya Lebar, Aljunied up for sale

The basement retail unit at Grandlink Square, an 8-storey commercial-and-residential development located diagonally across from a commercial site in Paya Lebar Central, which has been put up for sale through the Government Land Sale (GLS) progra
The basement retail unit at Grandlink Square, an 8-storey commercial-and-residential development located diagonally across from a commercial site in Paya Lebar Central, which has been put up for sale through the Government Land Sale (GLS) programme. -- PHOTO: KNIGHT FRANK

SINGAPORE - Two freehold retail properties near the Paya Lebar and Aljunied MRT stations are up for sale.

Both of them will be sold by expression of interest, said marketing agent Knight Frank Singapore.

One of them is the basement retail unit at Grandlink Square, an eight-storey mixed-use development located diagonally across a commercial site in Paya Lebar Central which has been put up for sale through the Government Land Sale (GLS) programme.

The 26,533 sq ft space is expected to sell for $40 million or about S$1,508 per sq ft. It is currently tenanted to several operators, such as a wellness centre, a family karaoke, a pool hall, and a gaming arcade.

The expression of interest for this property will close at 3pm on Apr 9.

The other property up for sale comprises eight adjoining strata-titled shops on the ground floor of Grandview Suites, a five-storey condominium in Lorong 22 Geylang which will be completed by the middle of next year.

The shops, which occupy a total of about 8,805 sq ft of space, will be sold as a single entity.

The asking price for all eight units stands at more than $30 million or $3,407 psf.

Submissions for the property will close at 3pm on Apr 2.