123 Lor 1 Toa Payoh

Rare 2-Storey HDB Shophouse with Residential Living Quarters in Toa Payoh

An exceptional opportunity to own a rare HDB Shophouse with Living Quarters at Blk 123 Lorong 1 Toa Payoh.

This 2-storey property comprises a commercial space on the ground floor and residential living quarters on the upper floor, offering a unique combination of commercial investment and residential use.

Key Highlights

• Asking Price: S$2.30M
• Current Rental: S$9,300/month
• Annual Rental: S$111,600
• Gross Rental Yield: Approx. 4.85%
• 99-year leasehold from 1970
• Approx. 42 years remaining
• Ground floor: Commercial
• Upper floor: Residential Living Quarters

UNIQUE INVESTMENT OPPORTUNITY

Unlike a conventional commercial property, this property offers both commercial and residential components within one asset.

For eligible buyers, including qualifying foreign purchasers, the applicable stamp duty treatment is based on the respective commercial and residential components. ABSD may apply to the apportioned residential component rather than the entire purchase price, subject to IRAS’s prevailing rules and valuation.

The property is particularly attractive to investors, business owners and buyers seeking a live-work-invest opportunity.

With an existing rental of S$9,300/month, the property generates an attractive approx. 4.85% gross rental yield based on the asking price.

PRIME TOA PAYOH LOCATION

Located in the heart of established Toa Payoh, the property benefits from a large residential catchment, strong amenities, eateries, shops and excellent connectivity.

Rarely available HDB Shophouse with Living Quarters — a distinctive commercial asset with an additional residential component.

Asking: S$2.30M

Contact me for more details, rental information and viewing arrangements.

All information is subject to HDB, IRAS and relevant authorities’ prevailing rules, eligibility requirements and approval. Buyers should conduct their own due diligence check.