Rarely Available “Health & Medical Care” Redevelopment Site Located In The Heart Of Bedok For Sale

Singapore, 9 April 2025 – CBRE, as the exclusive marketing agent, is offering a rare opportunity to acquire a redevelopment site for health and medical care use at 351 Chai Chee Street. The sale will be conducted via an Expression of Interest exercise which closes on Wednesday, 21 May 2025, at 3pm.

Sitting on elevated grounds with a sizable land area of approximately 60,282 square feet, the site currently holds a 4-storey medical facility with a gross floor area of around 58,928 sq ft. The first and second floors currently house a medical centre and offices, while the remaining floors are used as a nursing home. Under the URA Master Plan 2019, it is zoned for “Health & Medical Care” use. Potential allowable uses under its current zoning includes hospital, medical / dental clinics, nursing home, veterinary clinic, and clinical research facility amongst others, subject to the relevant authorities’ approvals.



Mr Michael Tay (郑兆能), Head of Capital Markets, Singapore at CBRE says, “Privately owned land that is zoned for health and medical care use is extremely limited in Singapore. Coupled with rising healthcare costs, Singapore’s aging population, and the increasing importance of preventive health efforts, 351 Chai Chee Street offers potential developers and private healthcare institutions a rare opportunity to curate a brand-new development within the ever-growing healthcare sector. Developers and medical service providers have constantly shown interest in land designated for health and medical use but unfortunately found supply to be limited. 351 Chai Chee Street will therefore be a timely opportunity in this sector.”

351 Chai Chee Street is nestled in the heart of the Bedok, which is the second largest planning area in terms of resident population after the nearby Tampines. The established, thriving town offers a holistic range of amenities for all ages and interests – a plethora of dining, retail, and entertainment options are readily available in Bedok Town Centre, ESR BizPark @ Chai Chee, and along East Coast Road. These are complemented by essential community services like sports complexes, medical facilities, and recreational parks, amongst others.

Both Bedok and Bedok North MRT stations, on the East-West Line and Downtown Line respectively, are within close proximity of the subject site. It is also well-served by several bus routes and a comprehensive road network, offering seamless connectivity to other parts of Singapore. In addition, Changi Airport is only a 10-minute drive away.

Bedok is poised for further growth with the development of the upcoming Bayshore Estate, which will introduce another 10,000 new homes to this already well-established community in the coming years. Within a 15-minute drive of the property is also the existing 800-hectare Paya Lebar Air Base, which will move out in the 2030s to make way for the development of a massive new town that will be able to accommodate around 150,000 new homes.

Mr Tay adds, “Situated in an already densely-populated town with a balanced mix of both public and private residential estates, 351 Chai Chee Street’s catchment area is set to expand even further. Its strategic location, combined with a strong and growing resident base, access to comprehensive amenities and excellent connectivity, creates a compelling investment opportunity with significant potential for value appreciation.”

The indicative guide price for the subject property is S$63 million. An Outline Application has been submitted for a 12-storey assisted living facility with medical centre at plot ratio of 2.5. Subject to planning approval, the land rate based on the guide price works out to approximately $806 per square foot per plot ratio (psf ppr). The subject site will be sold with a fresh 60-year leasehold tenure that starts from the date of completion of the sale.