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Singapore’s limited land availability is one of the leading factors behind the significant demand for condos in the country. Being a small island nation with a fast-growing population, Singapore faces a scarcity of land suitable for development. As a result, strict land use policies are in place, making the real estate market highly competitive and driving property prices up consistently. It is no surprise that investing in real estate, particularly condos, is a lucrative venture with the potential for substantial capital appreciation. With the constant rise in demand, developers are constantly launching new condo projects, making it a popular choice for investors. Keep up to date with the latest New Condo Launches to stay ahead in the competitive real estate market.
The retail podium of Sky Eden@Bedok, a mixed-use development by Frasers Property Singapore, is now available for sale through an expression of interest (EOI) exercise. The guide price for the 12 strata retail units on the ground floor is set at $45.2 million, which translates to approximately $4,038 per square foot.
According to CBRE, the marketing agent for the property, the retail units can be purchased collectively as a portfolio, individually, or in clusters. The sizes of the units range from 398 sq ft to 1,313 sq ft, with prices starting from $1.91 million to $5.55 million. All units have been approved for F&B use.
Sky Eden@Bedok, situated in Bedok Central, is currently under construction and has a 99-year lease. The development, which includes two 16-storey residential towers on a retail podium, has a total of 158 units. It is conveniently located a short walk away from the Bedok Integrated Transport Hub, which comprises of Bedok MRT Station and a bus interchange linked to Bedok Mall.
Launched in September 2022, Sky Eden@Bedok was the first private residential launch in Bedok Town Centre in 10 years. Since then, all units have been sold. The development is expected to obtain its temporary occupation permit in the fourth quarter of 2025.
Michael Tay, the head of capital markets for Singapore at CBRE, believes that the strata retail units at Sky Eden@Bedok will attract a wide range of investors, including boutique real estate funds, family offices, high net worth individuals, and F&B owner-occupiers. He also notes that the property’s affordable price point makes it an attractive investment opportunity.
The EOI for the retail podium will close on April 3 at 3pm. Interested parties can check out the latest listings for Sky Eden@Bedok properties on Ask Buddy, view 2-bedroom floor plans, and get more information on the site plan and diagrammatic chart. They can also refer to the transaction prices for condos in District 16, recent projects that have obtained TOP, and the total number of units in Sky Eden@Bedok.