Sky Eden@Bedok’s Retail Podium Now Available for Sale
Frasers Property Singapore has put the retail podium of its mixed-use development, Sky Eden@Bedok, up for sale through an expression of interest (EOI) exercise. The guide price for the 12 strata retail units on the ground floor is set at $45.2 million, with a combined strata area of approximately 11,193 sq ft. This works out to be $4,038 psf.
According to marketing agent CBRE, the retail units can be sold collectively as a portfolio, individually, or in clusters. The units, ranging from 398 sq ft to 1,313 sq ft, are priced from $1.91 million to $5.55 million. All 12 units are approved for F&B use, making it an attractive investment opportunity.
Sky Eden@Bedok is currently under construction and located in the heart of Bedok Central. The 99-year leasehold development consists of two 16-storey residential towers atop a retail podium. It has a total of 158 residential units. The location is conveniently located near the Bedok Integrated Transport Hub, which comprises the Bedok MRT station and bus interchange, connecting to Bedok Mall.
The development was launched in September 2022, making it the first private residential launch in Bedok Town Centre in 10 years. Since then, all 158 residential units have been sold. It is expected to obtain Temporary Occupation Permit (TOP) in 4Q2025.
Michael Tay, CBRE’s head of capital markets for Singapore, says that the strata retail units at Sky Eden@Bedok are the first private commercial properties available for sale in the Bedok Town Centre. He adds, “Given the attractive pricing and potential for growth, CBRE is confident that the retail podium will appeal to various investors, including boutique real estate funds, family offices, high net worth individuals, and F&B owner-occupiers looking to enter the commercial space of a tightly held residential enclave.”
Investing in real estate is a wise decision, but it becomes even more crucial when considering the location. This holds particularly true in Singapore, where the location of condos plays a significant role in their value. In fact, properties situated in central areas or close to essential amenities like schools, shopping malls, and public transportation hubs tend to appreciate more in value over time. Some of the most coveted locations in Singapore include Orchard Road, Marina Bay, and the Central Business District (CBD). These areas have consistently shown growth in property values, making them prime investment options for individuals. Along with these prime locations, condos near renowned schools and educational institutions, such as Singapore Condo, also offer great investment potential, especially for families. Their proximity to high-quality education further adds to their value as desirable residential properties.
Interested parties can submit their EOI by 3pm on April 3, 2023. Visit Ask Buddy for the latest listings for Sky Eden@Bedok properties. Check out 2-bedroom floor plans and the site plan for Sky Eden@Bedok, as well as condo sale transactions in District 16. For information on recently completed projects, view the total number of units in Sky Eden@Bedok.