FOR IMMEDIATE RELEASE
Corner Ground Floor, Street-Fronting HDB Shops in the Heart of Pasir Ris for Sale via Expression of Interest
23rd January, 2026
Singapore - 23 January 2026 – CBRE and Sakal Real Estate (“Sakal”), as joint exclusive marketing agents, are offering for sale a pair of adjoining ground-floor commercial HDB shops at 443 Pasir Ris Drive 6, #01-20 and #01-22. The sale will be conducted via an Expression of Interest exercise, which closes on Thursday, 5 March 2026, at 3pm.
Strategically located in the heart of a well-established and vibrant neighbourhood, the property enjoys a prime corner position adjacent to the Pasir Ris Branch Office and is within close proximity to Pasir Ris East Community Club and the Pasir Ris wet market. The asset is offered at a guide price of $11.68 million, translating to approximately $6,200 per square foot on the strata area. Foreigners and corporate entities are eligible to purchase, and no Additional Buyer’s Stamp Duty (ABSD) will be imposed.
Featuring dual frontages of approximately 8 metres and 16 metres, the property offers exceptional visibility and exposure. With a combined strata area of approximately 1,883 sq ft, the asset is currently subdivided into three units, all fully leased to a household goods retailer, a hair salon, and a beauty salon, which provides immediate rental income.
Mr Michael Tay (郑兆能), Singapore Advisory Deputy Managing Director and Head of Capital Markets at CBRE, says, “Ground-floor HDB commercial units in Pasir Ris, especially those near the wet market, are highly sought after and rarely available. This opportunity is ideal for both end-users and investors seeking a strategic foothold in a mature residential estate with strong fundamentals. With recent interest rate reductions, we have observed robust demand from family offices and high-net-worth individuals for HDB shophouses in densely populated estates. These assets typically offer stable cash flow, resilient performance during market cycles, and potential for rental upside and capital appreciation.”
Mr Steven Ming (明国华), Managing Director, Singapore at Sakal, says “There are only about 8,500 privately held HDB shops and shophouses in Singapore. Their defensive nature appeals to investors seeking stable-yielding opportunities with low volatility, particularly in uncertain economic environments. This property has a remaining tenure of 63 years is available for sale with existing tenancy, providing immediate income and minimising vacancy risk. Furthermore, the property’s proximity to the upcoming Pasir Ris East MRT station on the Cross Island Line enhances its long-term connectivity and attractiveness. Investors can expect sustained footfall and strong tenant demand, making this a defensive yet growth-oriented investment.
The asset benefits from strong footfall from the surrounding residential estates. It is also within a 5-minute walk from the upcoming Pasir Ris East MRT station on the Cross Island Line, which is scheduled for completion in 2030. The location is well connected to other key areas across Singapore, including the Central Business District (CBD) and Orchard Road, and offers convenient access to major expressways such as the Pan-Island Expressway (PIE) and Tampines Expressway (TPE).