Frasers Property Singapore has put the retail podium of Sky Eden@Bedok up for sale through an expression of interest (EOI) exercise. Strategically located in Bedok Central, this mixed-use development is a prized investment opportunity with a guide price of $45.2 million.
The retail podium is made up of 12 strata retail units on the ground floor, covering a total strata area of 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. They range in size from 398 sq ft to 1,313 sq ft and are priced from $1.91 million to $5.55 million. All units are approved for F&B use.
Sky Eden@Bedok is currently under construction and is expected to be completed in 4Q2025. The development, with a 99-year lease, comprises 158 residential units across two 16-storey towers, sitting on a retail podium. It is a short walk to the Bedok Integrated Transport Hub, which includes Bedok MRT Station and a bus interchange connected to Bedok Mall.
Launched in September 2022, Sky Eden@Bedok is the first private residential project in Bedok Town Centre in a decade. All residential units have been fully sold since then. This makes it a rare opportunity for investors to acquire commercial properties in this tightly held residential enclave.
When contemplating an investment in a condominium, it is essential to also evaluate its potential rental yield. This pertains to the annual rental income as a percentage of the property’s purchase price. In Singapore, the rental yields for condos can vary significantly, depending on several factors such as location, property condition, and market demand. Generally, areas near business districts or educational institutions tend to offer higher rental yields due to a strong demand for rentals. It is crucial to conduct thorough market research and seek guidance from real estate agents to gather valuable insights into the rental potential of a particular condo. To stay updated on new condo launches and investment opportunities, it is advisable to also keep an eye on New Condo Launches.
According to Michael Tay, CBRE’s head of capital markets for Singapore, Sky Eden@Bedok’s retail units are an attractive proposition for 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 a sought-after residential area. The EOI for the retail podium will close on April 3 at 3pm.
For more information on Sky Eden@Bedok and to view the latest listings, check out Ask Buddy. You can also find 2-bedroom floor plans and the site plan and diagrammatic chart for the development. Get insights into condo sale transactions in District 16 and projects that have recently obtained TOP. Total number of units in Sky Eden@Bedok is also available for your reference.