Singapore
Rare ground floor retail podium at Sky Eden@Bedok, comprising 12 restaurant-approved retail units, up for sale via Expression of Interest
February 17, 2025
Associated Contact
Melvin Lin
Head of Marketing & Communications, Singapore
Associated Contact
Singapore, 17 February 2025 – CBRE is offering for sale an upcoming retail podium comprising 12 strata retail units on the ground floor at Sky Eden@Bedok, a mixed-use development that also has 158 residential units. The marketing process will be conducted via an Expression of Interest exercise which will close on Thursday, 3 April 2025 at 3pm. CBRE is the exclusive marketing agent appointed by Frasers Property Singapore.
Sky Eden@Bedok enjoys great accessibility and connectivity with its prime location in the heart of Bedok Town Centre, a mature residential heartland that is the largest and most populous planning area in the East region of Singapore, boasting a population density of approximately 280,000 residents1. Developed by Frasers Property Singapore, the 17-storey mixed-use development is a few minutes’ walk from Bedok’s integrated transportation hub. Occupying a premium corner land plot, the development commands an impressive dual road frontage along New Upper Changi Road and Bedok Central, offering prominent visibility and wide road frontage for the retail podium.
Being the first private residential new launch in Bedok Town Centre in 10 years when released in 2022, Sky Eden@Bedok has been well-received with about 75% of its residential units sold on its first day of launch and all the residential units have since been fully sold in 2024. It is expected to achieve Temporary Occupation Permit (TOP) in the fourth quarter of 2025.
The 12 individual strata-titled retail units making up the retail component of Sky Eden@Bedok have a total combined strata area of approximately 11,193 square feet (sq ft) and all the units are approved for food and beverage (F&B) use. Locals and foreigners are eligible to purchase the strata retail units without incurring any Additional Buyer’s Stamp Duty or Seller’s Stamp Duty.
The guide price for all the units is approximately S$45.2 million, or S$4,038 per square foot (psf) on the existing strata area. The retail units can be sold collectively as a portfolio, on an individual basis, or in separate clusters. The sizes of the units range from 398 sq ft to 1,313 sq ft with prices ranging from $1.91 million to $5.55 million.
Mr Michael Tay, CBRE Head of Capital Markets, Singapore, said: “Suburban ground floor strata retail units approved for F&B use are highly favoured by astute investors due to their scarcity and ability to command premium rents. With HDB shophouses the only bite-sized commercial assets that are traded in Bedok Town Centre, the 12 strata retail units at Sky Eden@Bedok are rare, being the first private commercial properties to be available for sale in Bedok Town Centre. Given the asset’s palatable quantum, CBRE is confident that it will appeal to a wide range of investors including boutique real estate funds, family offices, high net worth individuals, and F&B owner-occupiers who would want to break into the commercial space of a tightly held residential enclave.”
Mr Tay added: “Investors of the retail units at Sky Eden@Bedok are presented with a unique opportunity to curate a dining and lifestyle strip that will complement the existing retail and service amenities and local hawker fare in the vicinity. These new options will inject new vibrancy and dynamism to the district and provide new F&B concepts that can cater widely to residential and employment clusters just across the road at Bedok South Road.”
Strategically placed at the nexus of commercial activities, Sky Eden@Bedok is enveloped by densely populated HDB estates and a comprehensive range of amenities providing retail and recreational offerings. Sky Eden@Bedok is a stone’s throw away from Bedok Hawker Centre and Heartbeat@Bedok, a civic and community development comprising a polyclinic, public library, public swimming complex, and the Kampong Chai Chee Community Centre.
The mixed-use development is in the vicinity of renowned educational institutions, with Red Swastika School and Yu Neng Primary School located within one kilometre. Meanwhile, established schools including St. Anthony’s Canossian Primary School, St. Stephen’s School, Opera Estate Primary School, Anglican High School, Temasek Polytechnic and the Singapore University of Technology and Design are a short drive away. It is also well connected to other parts of Singapore via numerous major arterial roads and expressways such as the Pan-Island Expressway (PIE) and East Coast Parkway (ECP).
Rejuvenation plans are underway to revitalise the mature estate. The authorities have in May 2024 announced plans to study the redevelopment of Bedok Stadium and seek public feedback on possible recreational facilities and potential opportunities for the area2. According to Singapore’s Urban Redevelopment Authority Master Plan 2019, a 3.4-hectare (ha) site that houses the existing tennis centre is zoned for sports and recreational purposes, while the adjacent 7-ha larger site is zoned for residential purposes with a gross plot ratio of 3.5. The residential population in Bedok will also expand with several new upcoming public housing developments such as Bedok South Bloom, Bedok North Springs and Chai Chee Green—collectively adding more than 2,000 new residential units.
Footnotes:
1 Singstat Population Trends
2 The Straits Times - Plans to redevelop Bedok Stadium being studied
Sky Eden@Bedok enjoys great accessibility and connectivity with its prime location in the heart of Bedok Town Centre, a mature residential heartland that is the largest and most populous planning area in the East region of Singapore, boasting a population density of approximately 280,000 residents1. Developed by Frasers Property Singapore, the 17-storey mixed-use development is a few minutes’ walk from Bedok’s integrated transportation hub. Occupying a premium corner land plot, the development commands an impressive dual road frontage along New Upper Changi Road and Bedok Central, offering prominent visibility and wide road frontage for the retail podium.
Being the first private residential new launch in Bedok Town Centre in 10 years when released in 2022, Sky Eden@Bedok has been well-received with about 75% of its residential units sold on its first day of launch and all the residential units have since been fully sold in 2024. It is expected to achieve Temporary Occupation Permit (TOP) in the fourth quarter of 2025.
The 12 individual strata-titled retail units making up the retail component of Sky Eden@Bedok have a total combined strata area of approximately 11,193 square feet (sq ft) and all the units are approved for food and beverage (F&B) use. Locals and foreigners are eligible to purchase the strata retail units without incurring any Additional Buyer’s Stamp Duty or Seller’s Stamp Duty.
The guide price for all the units is approximately S$45.2 million, or S$4,038 per square foot (psf) on the existing strata area. The retail units can be sold collectively as a portfolio, on an individual basis, or in separate clusters. The sizes of the units range from 398 sq ft to 1,313 sq ft with prices ranging from $1.91 million to $5.55 million.
Mr Michael Tay, CBRE Head of Capital Markets, Singapore, said: “Suburban ground floor strata retail units approved for F&B use are highly favoured by astute investors due to their scarcity and ability to command premium rents. With HDB shophouses the only bite-sized commercial assets that are traded in Bedok Town Centre, the 12 strata retail units at Sky Eden@Bedok are rare, being the first private commercial properties to be available for sale in Bedok Town Centre. Given the asset’s palatable quantum, CBRE is confident that it will appeal to a wide range of investors including boutique real estate funds, family offices, high net worth individuals, and F&B owner-occupiers who would want to break into the commercial space of a tightly held residential enclave.”
Mr Tay added: “Investors of the retail units at Sky Eden@Bedok are presented with a unique opportunity to curate a dining and lifestyle strip that will complement the existing retail and service amenities and local hawker fare in the vicinity. These new options will inject new vibrancy and dynamism to the district and provide new F&B concepts that can cater widely to residential and employment clusters just across the road at Bedok South Road.”
Strategically placed at the nexus of commercial activities, Sky Eden@Bedok is enveloped by densely populated HDB estates and a comprehensive range of amenities providing retail and recreational offerings. Sky Eden@Bedok is a stone’s throw away from Bedok Hawker Centre and Heartbeat@Bedok, a civic and community development comprising a polyclinic, public library, public swimming complex, and the Kampong Chai Chee Community Centre.
The mixed-use development is in the vicinity of renowned educational institutions, with Red Swastika School and Yu Neng Primary School located within one kilometre. Meanwhile, established schools including St. Anthony’s Canossian Primary School, St. Stephen’s School, Opera Estate Primary School, Anglican High School, Temasek Polytechnic and the Singapore University of Technology and Design are a short drive away. It is also well connected to other parts of Singapore via numerous major arterial roads and expressways such as the Pan-Island Expressway (PIE) and East Coast Parkway (ECP).
Rejuvenation plans are underway to revitalise the mature estate. The authorities have in May 2024 announced plans to study the redevelopment of Bedok Stadium and seek public feedback on possible recreational facilities and potential opportunities for the area2. According to Singapore’s Urban Redevelopment Authority Master Plan 2019, a 3.4-hectare (ha) site that houses the existing tennis centre is zoned for sports and recreational purposes, while the adjacent 7-ha larger site is zoned for residential purposes with a gross plot ratio of 3.5. The residential population in Bedok will also expand with several new upcoming public housing developments such as Bedok South Bloom, Bedok North Springs and Chai Chee Green—collectively adding more than 2,000 new residential units.
Footnotes:
1 Singstat Population Trends
2 The Straits Times - Plans to redevelop Bedok Stadium being studied
About CBRE Group, Inc.
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