CBRE, as the exclusive marketing agent, is pleased to offer for sale a portfolio of four HDB commercial assets comprising a coffeeshop unit in Toa Payoh and three ground floor retail units in Jurong East.
— CBRE, as the exclusive marketing agent, is pleased to offer for sale a portfolio of four HDB commercial assets comprising a coffeeshop unit in Toa Payoh and three ground floor retail units in Jurong East. The sale will be conducted via an Expression of Interest exercise closing on Wednesday, 8 October 2026 at 3pm.
The assets are anchored in Toa Payoh and Jurong East, two mature, high-density estates with resident populations of over 140,000 and 72,000 respectively (SingStat, 2025), both of which are entering a new phase of urban rejuvenation. Toa Payoh is the pilot town for Singapore’s “Age Well Neighbourhoods” initiative. Its renewal is anchored by the 12-hectare Toa Payoh Integrated Development, scheduled for completion in 2030. The landmark mixed-use project will feature a new stadium, aquatic centre, sports hall, polyclinic and public library. This momentum will also be reinforced by a renewed wave of public housing supply, with four new BTO projects that will add almost 3,600 new housing units as they progressively complete between 2027 and 2030. As these flats are progressively completed, they are expected to attract a new wave of younger families to the town, broadening its demographic base and supporting long-term resident growth.
Jurong East sits at the heart of the Jurong Lake District (JLD), earmarked as Singapore’s second Central Business District and the largest business district outside the traditional CBD. Its transformation is driven by major infrastructure upgrades and Government Land Sales to spur rejuvenation. They include the Jurong East Integrated Transport Hub (2027), the Jurong Region Line (2028), and a future Cross Island Line station (2032), alongside recently released 3.72-hectare mixed-use white site at Town Hall Link, which alone will bring approximately 40,000 sq m of office space, 126,000 sq m of residential floor area comprising homes and serviced apartments, and 20,000–44,000 sq m of retail. Together with the ongoing enhancement of Jurong Lake Gardens and surrounding HDB precincts, these initiatives will transform Jurong East into vibrant live-work-play-learn destination.
HDB Coffeeshop, Block 183 Toa Payoh Central (#01-316)
Located along Toa Payoh Central, this rare corner coffeeshop unit enjoys an exceptional 30-metre frontage within the estate’s main civic and retail precinct. It is situated directly opposite Toa Payoh Public Library and within walking distance of HDB Hub, Toa Payoh MRT Station and Toa Payoh Bus Interchange.
HDB Retail Units, Jurong Gateway Road (#01-323, #01-327, #01-333)
Situated along a high traffic commercial corridor, these three units face CapitaLand’s upcoming J’den development, a 40-storey mixed-use development comprising a retail podium and 368 residential units set to be completed in 2028. It will also be seamlessly linked via the J-Walk to Jurong East MRT Interchange and the upcoming Integrated Transport Hub (targeted 2027). Positioned along a key pedestrian thoroughfare linking the MRT interchange, transport hub, retail malls and surrounding office developments, the units are well placed to capture daily footfall from commuters, residents and office workers.
Pictured above: 135 Jurong Gateway Road #01-323
Pictured above: 135 Jurong Gateway Road #01-327
Pictured above: 135 Jurong Gateway Road #01-333
The guide price for the entire portfolio is approximately S$38 million and can be acquired collectively or on an individual basis. Further details of the assets are provided below:
Portfolio Details
Mr. Clemence Lee (利伟强), Executive Director of Capital Markets, Singapore at CBRE, noted: “This portfolio presents investors with a rare opportunity to acquire a defensive collection of prime HDB coffeeshop and retail units, offering resilient net yields above 3.7%. Coffeeshop assets, particularly those located along high-traffic corridors, are among Singapore’s most exclusive asset classes: of the approximate 8,500 privately held HDB shophouses nationwide, only 402 are approved for coffeeshop use. This scarcity is further reinforced by HDB’s cessation of new shophouse sales in 1998.
Beyond their defensive qualities, both assets sit squarely within two of Singapore’s most actively rejuvenated mature estates: Toa Payoh’s Integrated Development and pipeline of new BTO projects are set to attract a younger resident population, while Jurong East’s transformation into Singapore’s second CBD is being driven by the Jurong Region Line, the Integrated Transport Hub and continued land sales within the Jurong Lake District. Investors acquiring into this portfolio are not just buying into today’s stable income, but into two of Singapore’s clearest growth corridors for the decade ahead.
Mr Lee concludes: “Priced at a palatable investment quantum of around S$38 million for the entire portfolio, or between S$5.5 million and S$16 million for individual units, we expect strong interest from a wide range of investors such as owner-occupiers, boutique real estate funds, corporate investors, family offices and high-net-worth individuals. The purchaser may also consider divesting the units individually as a future exit strategy, given each unit is priced at a much lower quantum that can appeal to both private investors and owner-occupiers.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm and a premier provider of critical infrastructure services. The company has more than 155,000 employees serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, critical infrastructure); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.
Release ID: 89202429
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