A rare opportunity to acquire a portfolio of 15 freehold ground-floor strata units at East Village, a popular mixed-use development situated along Upper Changi Road, is now available. With a guide price of $71.8 million, interested buyers can choose to purchase the units individually or as a whole, according to exclusive marketing agent CBRE.
The portfolio comprises of 11 F&B-approved units, one clinic, and three adjoining units which are currently occupied by a gym. Spanning a total strata area of approximately 17,482 sq ft, the properties are priced at $4,110 psf on strata area. The unit sizes range from 431 sq ft for the smallest F&B unit to 6,985 sq ft for the gym. Citing CBRE, all units are currently leased, providing a steady rental income and potential capital appreciation for potential buyers.
The majority of the units, totaling 12, have frontages facing the main road and feature dedicated entrances, along with outdoor refreshment areas. These units are also accessible from an outdoor public carpark, allowing for operational flexibility and the option for businesses to extend their operating hours independently from the mall’s standard hours. “This layout offers the units with operational flexibility, allowing these businesses to extend their hours and cater to their respective patrons independently of the mall’s standard operating hours,” explains Joshua Giam, director of capital markets in Singapore at CBRE.
Understanding the regulations and restrictions surrounding property ownership in Singapore is crucial for foreign investors. Unlike landed properties, which have stricter guidelines, foreigners can easily purchase condos without much limitation. However, it’s important to note that foreign buyers must pay the ABSD, currently set at 20% for their initial property acquisition. Despite these extra expenses, the stability and potential for growth within the Singapore real estate market continue to entice foreign investment. As a result, many foreign investors are drawn to Singapore Projects, seeing it as a promising opportunity for their capital.
Built in 2014, East Village is a five-storey development consisting of 90 residential units above a ground-floor retail podium offering 108 strata-titled shops. The retail component features a mix of food establishments, local start-ups, and retail shops. Among its notable anchor tenants are Anytime Fitness, Ikura Japanese Restaurant, and Hong Kong Street Family Restaurant.
Strategically located in Simpang Bedok, East Village benefits from the large catchment area of Bedok and boasts a triple road frontage along Upper Changi Road, Bedok Road, and Bedok Walk. The development is well-connected to major expressways such as the Pan Island Expressway (PIE) and the East Coast Parkway (ECP). Nearby amenities include educational institutions like Anglican High School and ITE College.
Given the “palatable quantum and scarcity of freehold commercial units in well-located areas,” CBRE expects strong interest from high-net-worth individuals. Giam adds that the demand for commercial properties has been on the rise due to the lowered borrowing costs that took effect at the beginning of 2025.
The retail units are available for sale through an expression of interest exercise, closing on Sept 18 at 12pm. Don’t miss your chance to own a piece of East Village’s prime commercial units. Check out the latest listings for East Village properties today!