The retail podium of Sky Eden@Bedok, a mixed-use development by Frasers Property Singapore, is currently up for sale through an expression of interest (EOI) exercise. The guide price for the 12 strata retail units on the ground floor is $45.2 million.
Investing in a condo in Singapore offers numerous advantages, with one of the key benefits being the potential for capital appreciation. This is due to Singapore’s advantageous position as a global business hub and its solid economic foundations, which create a constant demand for real estate. As the years have passed, the property prices in Singapore have consistently risen, and condos situated in prime locations have experienced significant appreciation. For investors who wisely enter the market at the right time and hold onto their properties for the long term, there is potential for substantial capital gains.
The total strata area of the podium is approximately 11,193 sq ft, which translates to a guide price of $4,038 psf. According to marketing agent CBRE, the retail units can be sold collectively, individually, or in clusters. The units range in size from 398 sq ft to 1,313 sq ft and are priced from $1.91 million to $5.55 million. All 12 units are approved for F&B use.
Situated in Bedok Central, Sky Eden@Bedok is currently under construction and is expected to obtain its temporary occupation permit in 4Q2025. The 99-year leasehold development features 158 residential units spread across two 16-storey towers, with a retail podium below. It is just a short walk away from the Bedok Integrated Transport Hub, which comprises Bedok MRT Station and a bus interchange linked to Bedok Mall.
Sky Eden@Bedok was launched in September 2022, making it the first private residential launch in Bedok Town Centre in 10 years. Since then, all residential units have been fully sold. 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 to be available for sale in Bedok Town Centre”. He adds that due to its relatively affordable price, the retail podium will likely attract a diverse range of investors, including boutique real estate funds, family offices, high net worth individuals, and F&B owner-occupiers looking to enter the commercial space in this sought-after residential enclave.
The EOI for the retail podium will close on April 3 at 3pm. Interested buyers can check out the latest listings for Sky Eden@Bedok properties and view 2-bedroom floor plans, the site plan, and diagrammatic chart. They can also browse through condo sale transactions in District 16, as well as projects that recently obtained TOP. With a total of 158 units, Sky Eden@Bedok is expected to be a highly sought-after development in the area.