The Marine Parade area of Singapore has become an attractive location for potential investors with the launch of a two-storey HDB shophouse, situated at 81 Marine Parade Central, now up for sale via an expression of interest. This property has a guide price set at $4 million with an 83-year lease that started from April 1, 1993.

After 10 years, JCube in Jurong East, Singapore, is closing to allow for a 40-storey residential and commercial development, JCube Condo Residence. Development is planned to be completed in 2027 and the potential new launches in JCube Residence the area will help alleviate pent-up housing demand.

The property is comprised of 1,506 sq ft of floor space and a 50m frontage along Marine Parade. On the first floor is retail space, while the second floor provides the living quarters and is currently tenanted.

With a limited supply of 8,500 private-owned units islandwide, HDB shophouses have proven to carry a rental resilience and capital appreciation over time. According to Donald Goh, director of capital markets and investment sales of ERA Singapore, the property is likely to generate strong interest from investors looking for a stabilised yield and capital appreciation potential.

The area benefits from the close proximity of amenities such as the upcoming Marine Parade MRT station on the Thomson East Coast Line, Parkway Parade, Parkway Centre, Holiday Inn Express Katong and Grand Mercure Roxy Hotel.

Other residential projects in the area include Amber Park, Meyer Mansion, Tembusu Grand and The Continuum, which are other attractions that are likely to drive buyers and investors to the area.

The expression of interest exercise for the property is ending soon on May 25 at 3pm. If you’re looking to add a HDB shophouse to your portfolio, this could be an opportunity not to miss.