Row of shops next to HDB Hub in Toa Payoh Central up for sale

A row of shops in Toa Payoh Central has been put up for sale by marketing agent Savills Singapore. -- PHOTO: SAVILLS SINGAPORE 
A row of shops in Toa Payoh Central has been put up for sale by marketing agent Savills Singapore. -- PHOTO: SAVILLS SINGAPORE 

SINGAPORE - A row of shops in Toa Payoh Central has been put up for sale by marketing agent Savills Singapore.

The properties are located next to the HDB Hub in Toa Payoh and have a total strata area of about 5,780 sq ft, Savills said in a press release on Monday.

They currently house tenants such as Watsons, Hang Ten, Starhub and Hock Hua.

About 57 years remain on the lease of the properties, which are owned by the Housing Board (HDB).

''Prime HDB retail shop lots are a rarity especially in Toa Payoh, which is one of the most populous and centrally located housing estates in Singapore. Additionally, this space is located along the best stretch of shops there," said Mr Steven Ming, managing director of Savills Singapore.

"The defensive nature of this investment also bodes well for the current volatile investment climate. As such, we expect keen interest and immense competition for the property due to its location and rarity," he added.