Frasers Property Singapore’s mixed-use development, Sky Eden@Bedok, is offering its retail podium for sale through an expression of interest (EOI). The guide price for the podium, which comprises 12 strata units on the ground floor, is set at $45.2 million.
The total strata area of the podium is approximately 11,193 sq ft, translating to a price of $4,038 psf. The retail units are available for sale as a portfolio, individually, or in clusters, according to marketing agent CBRE. Their sizes range from 398 sq ft to 1,313 sq ft, with prices starting from $1.91 million to $5.55 million. All units have been approved for F&B use.
Sky Eden@Bedok is part of a 99-year leasehold development situated in Bedok Central, and construction is currently ongoing. The project includes 158 residential units spread across two 16-storey towers, with a retail podium on the ground floor. The development is a short walk away from Bedok Integrated Transport Hub, which comprises Bedok MRT Station and a bus interchange that is connected to Bedok Mall.
When contemplating a condo investment, it is essential to also evaluate the potential rental yield. This refers to the annual rental income as a percentage of the property’s purchase price. In Singapore, the rental yields for condos can significantly differ depending on various factors such as location, property condition, and market demand. Usually, areas with high rental demand, including those near business districts or educational institutions, offer better rental yields. To gain a better understanding of a specific condo’s rental potential, conducting thorough market research and seeking guidance from real estate agents can be beneficial. You can also explore the latest Singapore Projects to gain more insights into the rental market.
Sky Eden@Bedok was launched in September 2022, marking the first private residential launch in Bedok Town Centre in a decade. All residential units were sold out since then, and the project is expected to obtain its temporary occupation permit in 4Q2025.
CBRE’s head of capital markets for Singapore, Michael Tay, states that this is the first opportunity to purchase private commercial properties in Bedok Town Centre. He is confident that the retail units will appeal to a diverse range of investors, including boutique real estate funds, family offices, high net worth individuals, and F&B owner-occupiers who are looking to enter the commercial space of an exclusive residential enclave.
The EOI for the retail podium will close on April 3 at 3pm. Interested parties can check out the latest listings for Sky Eden@Bedok properties on Ask Buddy, view the 2-bedroom floor plans, site plan, and diagrammatic chart, and also keep up to date with condo sale transactions in District 16. In addition, they can find out more about projects that have recently obtained TOP, as well as the total number of units in Sky Eden@Bedok.