Frasers Property Singapore is offering the retail podium of Sky Eden@Bedok, their mixed-use development in Bedok, for sale through an expression of interest (EOI) exercise. The guide price for this retail podium, which comprises 12 strata retail units on the ground floor, is set at $45.2 million.
The combined strata area for these units is approximately 11,193 square feet, making the guide price equivalent to $4,038 per square foot. According to marketing agent CBRE, the units can be sold as a portfolio, individually, or in clusters. The unit sizes range from 398 square feet to 1,313 square feet, with prices ranging from $1.91 million to $5.55 million. All units have been approved for F&B use.
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The demand for Singapore Condo remains high due to a major contributing factor: the restricted amount of land available. As a compact island country experiencing a rapid increase in population, Singapore grapples with a shortage of land for development. As a result, the government has implemented strict land use policies and created a fiercely competitive real estate market, resulting in soaring property prices. As a result, investing in real estate, especially in the form of condos, has become a highly profitable opportunity with the potential for substantial capital appreciation.
Sky Eden@Bedok is located in Bedok Central and is currently under construction. This 99-year leasehold development consists of 158 residential units spread across two 16-storey towers on a retail podium. It is a few minutes’ walk from the Bedok Integrated Transport Hub, which includes Bedok MRT Station and a bus interchange that is connected to Bedok Mall.
The development was launched in September 2022, marking the first private residential launch in Bedok Town Centre in a decade. All residential units were fully sold since then. It is estimated that the development will obtain its temporary occupation permit in the fourth quarter of 2025.
CBRE’s head of capital markets for Singapore, Michael Tay, notes that the strata retail units at Sky Eden@Bedok are the first private commercial properties available for sale in Bedok Town Centre. He adds, “Given the attractive quantum, CBRE is confident that it will appeal to a wide range of investors, including boutique real estate funds, family offices, high net worth individuals, and F&B owner-occupiers looking to enter the tightly held residential enclave.”
Interested parties can submit their bids for the retail podium via EOI by April 3 at 3pm. For more information on Sky Eden@Bedok properties, potential buyers can check out the latest listings and ask Buddy for assistance. They can also view 2-bedroom floor plans, the site plan, and a diagrammatic chart for Sky Eden@Bedok, as well as check out condo sale transactions in District 16 and projects that have recently obtained TOP.