When contemplating a Condo investment, one must also take into account the maintenance and management of the property. Generally, Condos come with a charge for maintenance that covers the upkeep of common areas and amenities. These fees may contribute to the total expense of owning a Condo, but they guarantee that the property stays in top-notch condition and retains its value over time. By hiring a property management firm, investors can delegate the responsibility of overseeing their Condo on a day-to-day basis, transforming it into a more passive investment. Condo Now, it’s essential to consider the maintenance and management of the property when investing in a condo. Condos typically have maintenance fees that encompass the maintenance of common areas and facilities. While these costs may increase the overall cost of owning a condo, they also provide assurance that the property will remain in excellent condition and maintain its value. Engaging a property management company can help investors effectively handle the day-to-day management of their condo, making it a more passive investment.
A collection of 15 ground-level, freehold strata units located at East Village, a mixed-use development along Upper Changi Road, is now for sale with an asking price of $71.8 million. These units, which can be purchased individually or as a whole, are being marketed exclusively by CBRE and comprise 11 F&B-approved units, one clinic, and three interconnected units currently occupied by a gym. The strata area of the portfolio totals approximately 17,482 sq ft, resulting in a price of $4,110 psf. Each unit varies in size, with the smallest F&B unit measuring 431 sq ft and the largest gym unit measuring 6,985 sq ft. All units are currently leased, providing potential buyers with immediate rental income and the opportunity for future capital appreciation.
Out of the 15 units, 12 have frontages facing the main road and come with their own entrances and outdoor seating areas. In addition, the units can also be accessed from a public carpark. According to CBRE’s director of capital markets, Joshua Giam, this setup offers operational flexibility for the businesses to operate beyond the mall’s standard operating hours to cater to their respective customers.
East Village, completed in 2014, is a five-storey development featuring 90 residential units on top of a retail podium with 108 strata-titled shops. The retail component consists of a variety of food establishments, local startups, and retail shops. Notable anchor tenants include Anytime Fitness, Ikura Japanese Restaurant, and Hong Kong Street Family Restaurant.
Strategically located within Simpang Bedok, East Village benefits from being in the Bedok catchment area and boasts frontages along Upper Changi Road, Bedok Road, and Bedok Walk. The development is also easily accessible via major expressways such as the Pan Island Expressway (PIE) and East Coast Parkway (ECP). Nearby amenities include educational institutions like Anglican High School and ITE College.
Given the attractive pricing and scarcity of freehold commercial units in desirable locations, CBRE expects strong interest from high-net-worth individuals. Giam also notes that the demand for commercial properties has been bolstered by the decrease in borrowing costs since the beginning of 2025.
Interested parties can submit their offers through an expression of interest exercise, which closes on September 18 at 12pm. For the latest listings of East Village properties, visit CBRE’s website.