The Promenade @ Pelikat
183 Jalan Pelikat, Hougang / Punggol / Sengkang
S$ 518,000
Starting From
205
sqft
S$ 2,526.83
psf
810 m (10 mins) from NE13 Kovan MRT Station
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About this property
Rental yield up to 3.2%
An excellent opportunity to own a freehold retail unit at Promenade @ Pelikat, a well-located mixed-use development with strong tenant demand.
This F&B-approved retail unit is currently tenanted till end December 2026, providing immediate and stable rental income with more than 3% rental yield, making it ideal for investors seeking long-term value and consistent returns.
The unit features a high ceiling, good frontage, and a bright, welcoming layout, offering strong visibility and excellent branding potential. Its flexible configuration suits a wide range of retail and F&B concepts.
Key Highlights:
Freehold development
Retail unit with F&B approval
Tenanted till Dec 2026 – hassle-free investment
Above 3% rental yield
High ceiling & excellent frontage
Bright unit with strong street presence
Ideal for long-term investment or future own use
A rare freehold retail investment with income security and capital appreciation potential.
Amenities
Air conditioner
Estimated mortgage
The Promenade @ Pelikat
The Promenade @ Pelikat is a Freehold commercial property located at 189, Jalan Pelikat, 537646 in District 19. The Promenade @ Pelikat is primarily used for Shop/Shophouse rental and sale. The Promenade @ Pelikat is close to Kovan MRT (NE13). The Promenade @ Pelikat is near to several bus stops located at Hougang Avenue 1, Lorong Ah Soo Community Club/Centre - 63289, Hougang Avenue 1, Opp Aljunied Kembangan Community Club/Centre - 63281, Hougang Avenue 1, BLK 239 - 63271 and Hougang Avenue 1, BLK 239 - 63271. Amenities near The Promenade @ Pelikat The Promenade @ Pelikat is near to several eateries located at nearby buildings such as 118 Hougang Ave 1, BLK 105 Hougang Market & Food Centre and BLK 106 Food Point. The Promenade @ Pelikat is within reasonable distance to Cold Storage and Shop N Save Supermarkets. It is also close to Heartland Mall, Upper Serangoon Shopping Centre and ICB Shopping Centre for an array of amenities such as grocery and retail shopping, banks and more. The Promenade @ Pelikat is accessible via Jalan Pelikat and Jalan Samarinda.
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