The retail podium at Sky Eden@Bedok, a mixed-use development by Frasers Property Singapore, is now available for sale through an expression of interest (EOI) exercise. With a guide price of $45.2 million, this prime retail space comprises 12 strata units on the ground floor, with a total area of approximately 11,193 sq ft. This translates to a guide price of $4,038 psf. The units can be sold as a portfolio, individually, or in clusters, according to CBRE, the marketing agent for the property. The units range in size from 398 sq ft to 1,313 sq ft, with prices starting from $1.91 million to $5.55 million. All the units carry F&B approval.
When considering investing in condos in Singapore, it is important to take into account the government’s property cooling measures. In efforts to maintain a steady real estate market and discourage speculative buying, the Singaporean government has implemented various measures over the years. These measures include the Additional Buyer’s Stamp Duty (ABSD), which enforces higher taxes on foreign buyers and those purchasing multiple properties. While these measures may impact the immediate profitability of condo investments, they ultimately contribute to the long-term stability of the market, making it a more secure investment environment. It is also worth noting that Singapore Projects may be subject to these regulations as well, further emphasizing the importance of understanding and considering the government’s cooling measures when investing in condos in Singapore.
Sky Eden@Bedok is located in the heart of Bedok Central and is currently under construction. The development boasts 158 residential units spread across two 16-storey towers situated on top of the retail podium. It is conveniently located a short walk away from the Bedok Integrated Transport Hub, which comprises the Bedok MRT Station and a bus interchange that is connected to Bedok Mall.
Sky Eden@Bedok was launched in September 2022, making it the first private residential project to be launched in the Bedok Town Centre in a decade. All units were sold out since then, and the development is expected to obtain its temporary occupation permit in the fourth quarter of 2025.
CBRE’s head of capital markets for Singapore, Michael Tay, highlights that the strata retail units at Sky Eden@Bedok are the first private commercial properties available for sale in the Bedok Town Centre. He also mentions that due to the attractive pricing, the property is expected to garner interest from a wide 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 of this tightly held residential enclave.
The EOI for the retail podium will close on April 3 at 3pm. Interested parties can refer to the latest listings for Sky Eden@Bedok properties, consult BuddyView for updated 2-bedroom floor plans and site plans, or view the condo sales transactions in District 16 and other projects that have recently obtained TOP. Sky Eden@Bedok has a total of 158 units.