Portfolio 15 Freehold Strata Units East Village Market 718 Mil
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CBRE, the exclusive marketing agent, is offering a portfolio of 15 freehold ground-floor strata units at East Village for sale with a guide price of $71.8 million. These mixed-use properties are located along Upper Changi Road and comprise 11 F&B-approved units, one clinic, and three adjoining units currently occupied by a gym. Buyers have the option of purchasing the individual units or the entire portfolio.
The total strata area of the portfolio is approximately 17,482 sq ft, translating to a price of $4,110 psf. The individual units range in size from 431 sq ft for the smallest F&B unit to 6,985 sq ft for the gym. According to CBRE, all units are currently leased, providing immediate rental income and potential capital appreciation for buyers.
Twelve of the units have frontages facing the main road with dedicated entrances, as well as outdoor refreshment areas. These units can also be accessed from an outdoor public carpark. Joshua Giam, director of capital markets in Singapore at CBRE, notes that this layout offers the units operational flexibility, allowing businesses to extend their hours and cater to their patrons independently of the mall’s standard operating hours.
Completed in 2014, East Village is a five-storey development with 90 residential units above a ground-floor retail podium. The retail component offers 108 strata-titled shops, including a mix of food establishments, local start-ups, and retail shops. Some notable anchor tenants include Anytime Fitness, Ikura Japanese Restaurant, and Hong Kong Street Family Restaurant.
Rewritten:
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Located in the Simpang Bedok area, East Village benefits from the Bedok catchment and has a triple road frontage along Upper Changi Road, Bedok Road, and Bedok Walk. It is also easily accessible via major expressways such as the Pan Island Expressway (PIE) and East Coast Parkway (ECP). Nearby amenities include educational institutions such as Anglican High School and ITE College.
Giam expects strong interest from high-net-worth individuals due to the “palatable quantum and scarcity of freehold commercial units in well-located areas.” He also notes that demand for commercial properties has been on the rise due to the reduction of borrowing costs in 2025.
The retail units are up for sale through an expression of interest exercise, which closes on September 18 at 12pm. Interested parties can check out the latest listings for East Village properties.