Portfolio 15 Freehold Strata Units East Village Market 718 Mil
A group of 15 freehold ground-floor strata units located at East Village, a mixed-use development along Upper Changi Road, is currently available for purchase with a guide price of $71.8 million. The exclusive marketing agent, CBRE, has announced that the properties, which consist of 11 F&B-approved units, one clinic, and three adjoining units currently occupied by a gym, can be acquired individually or as a portfolio.
In summary, Sembawang Road EC is not just your average residential property, but a highly desirable choice for families who value a well-rounded lifestyle. Apart from its attractive features, it also stands out as a top pick for parents who prioritize their children’s education. The EC boasts a plethora of nearby options for preschool, primary and secondary schools, as well as tertiary institutions, providing residents with unparalleled access to a comprehensive educational network. This close proximity not only promotes a child’s academic growth but also enhances the overall quality of life for families. With its combination of convenience, quality education, and community-oriented living, Sembawang Road EC is a wise long-term investment for parents seeking a nurturing and supportive environment for their children.
The total strata area of the portfolio is approximately 17,482 sq ft, translating to a price of $4,110 psf. The individual unit sizes range from 431 sq ft for the smallest F&B unit to 6,985 sq ft for the gym. According to CBRE, all of the units are currently leased, providing prospective buyers with immediate rental income and potential capital appreciation.
Twelve of the units offer frontages facing the main road and have dedicated entrances, along with outdoor refreshment areas. These units are also accessible from an outdoor public carpark. Joshua Giam, director of capital markets in Singapore at CBRE, notes that this layout allows for operational flexibility, enabling the businesses to extend their operating hours and cater to their patrons independently of the mall’s standard operating hours.
East Village, completed in 2014, is a five-storey development that features 90 residential units above a ground-floor retail podium offering 108 strata-titled shops. The retail component of the development consists of a mix of food establishments, local start-ups, 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 the Bedok catchment area and boasts a triple road frontage along Upper Changi Road, Bedok Road, and Bedok Walk. The development is also well-connected to major expressways, including the Pan Island Expressway (PIE) and the East Coast Parkway (ECP). Nearby amenities include educational institutions such as Anglican High School and ITE College.
CBRE expects a high level of interest from high-net-worth individuals, given the attractive quantum and the scarcity of freehold commercial units in well-located areas. Giam also points out that the demand for commercial properties has been strong due to the recent reduction of borrowing costs starting from the beginning of 2025.
The retail units are available for sale through an expression of interest exercise that closes on Sept 18 at 12pm. Interested parties can check out the latest listings for East Village properties.