Five strata-titled F&B and childcare centre units for sale at The Hilford from $2,300 psf

PropertyThe Hillford on Jalan Jurong Kechil is offering five commercial units for sale. The entire portfolio has a strata area of 5,124 sq ft and is priced at $12.3 million ($2,400 psf) while the smallest unit, measuring 583 sq ft, is available for sale individually at $1.2 million ($2,230 psf).

CBRE is the exclusive marketing agent for the portfolio at The Hillford, a mixed-use development with 18 strata-titled shop units on the ground floor and 281 residential units spanning the second to the seventh floors. Developed by World Class Global, The Hillford was completed in 2017 with a 60-year lease and initially positioned as a retirement resort.

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At the time of its launch in January 2014, the 281 residential units were all snapped up in a single day at an average price of $1,104 psf. The units at The Hillford are for sale via expression of interest, which will close on November 15, and the last transaction of a shop unit was in May last year, when a 312 sq ft unit changed hands for $842,000 ($2,697 psf), based on the caveat lodged with URA Realis.

Of the five units for sale, three are adjoining and have been approved for F&B use and range in size from 592 sq ft to 678 sq ft. The remaining two units include a 583 sq ft unit that has been approved for use as a commercial school, although it has an underlying permanent approval for use as a clinic, and a 2,713 sq ft unit approved for use as a childcare centre.

“The property benefits from a ready catchment of affluent residential neighbourhoods at Beauty World and Hillview,” says Joshua Giam, associate director of capital markets, Singapore at CBRE. With a remaining lease of 50 years, potential buyers can take advantage of the unique location, at the intersection of two major roads, with easy access to public transport.

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The Hillford on Jalan Jurong Kechil is offering five commercial units for sale, with a total strata area of 5,124 sq ft and available for sale at $12.3 million ($2,400 psf). The units are offered both as a portfolio and individually, starting from $1.2 million for a 538 sq ft unit or $2,230 psf. CBRE is the exclusive marketing agent.

Currently, three of the five units have been approved for F&B use, ranging in size from 592 sq ft to 678 sq ft. The remaining two units are a 583 sq ft unit approved for use as a commercial school, with an underlying permanent approval for use as a clinic, and a 2,713 sq ft unit approved for use as a childcare centre.

The Hillford was initially positioned as a retirement resort when it was launched in January 2014, with all 281 residential units snapped up in a day at an average price of $1,104 psf. Developed by World Class Global, the property development arm of Aspial Corp, The Hillford is a mixed-use development with 18 strata-titled shop units and an additional 281 residential units spanning the second to the seventh floors.

The property, which is currently leased with a 60-year lease that began in February 2013, has a remaining lease of 50 years and a ready catchment of affluent residential neighbourhoods at Beauty World and Hillview. Joshua Giam, associate director of capital markets, Singapore at CBRE, said: “The Hillford benefits from its unique location, at the intersection of two major roads, with easy access to public transport.”

The units are for sale via expression of interest, which will close on November 15. The last transaction of a shop unit was in May last year, when a 312 sq ft unit changed hands for $842,000 ($2,697 psf), based on the caveat lodged with URA Realis.