Frasers Property Singapore has announced the sale of the retail podium at Sky Eden@Bedok through an expression of interest (EOI) exercise. The guide price for the podium, which comprises 12 strata retail units on the ground floor, is $45.2 million.
The combined strata area of the retail units is approximately 11,193 sq ft, which equates to a guide price of $4,038 psf. The units can be sold collectively as a portfolio, individually, or in clusters, according to marketing agent CBRE. They range from 398 sq ft to 1,313 sq ft in size and are priced from $1.91 million to $5.55 million. All units are approved for F&B use.
Sky Eden@Bedok is a mixed-use development located in Bedok Central that is currently under construction. It comprises 158 residential units spread across two 16-storey towers on top of a retail podium. The 99-year leasehold project is only a few minutes’ walk from the Bedok Integrated Transport Hub, which includes Bedok MRT Station and a bus interchange connected to Bedok Mall.
The development was launched in September 2022 and became the first private residential launch in Bedok Town Centre in a decade. All residential units have been fully sold since then. Temporary occupation permit is expected to be obtained in 4Q2025.
CBRE’s head of capital markets for Singapore, Michael Tay, says that this is the first opportunity for private commercial properties to be available for sale in the highly sought-after Bedok Town Centre. He adds that the attractive pricing is expected to 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 tightly held residential enclave.
The EOI exercise for the retail podium will close on April 3 at 3pm. Interested parties can check out the latest listings and floor plans for Sky Eden@Bedok on the official website.