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 this retail podium, which comprises 12 strata units on the ground floor, is set at $45.2 million. With a combined strata area of approximately 11,193 sq ft, the guide price translates to $4,038 per square foot.
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According to CBRE, the marketing agent for the sale, the retail units can be sold as a portfolio, individually, or in clusters. Ranging in size from 398 sq ft to 1,313 sq ft, the units are priced from $1.91 million to $5.55 million. They are all approved for F&B use.
Sky Eden@Bedok, currently under construction, is a 99-year leasehold development located in Bedok Central. It consists of two 16-storey residential towers on a retail podium, with a total of 158 units. The development is just a short walk away from the Bedok Integrated Transport Hub, which includes Bedok MRT Station and a bus interchange connected to Bedok Mall.
Launched in September 2022, Sky Eden@Bedok is the first private residential project to be launched in Bedok Town Centre in the last 10 years. All residential units have been fully sold since the launch. The development is expected to obtain its temporary occupation permit in the fourth quarter of 2025.
Michael Tay, CBRE’s head of capital markets for Singapore, believes that the strata retail units at Sky Eden@Bedok present a unique opportunity for investors. He notes that this is the first time private commercial properties are being offered for sale in Bedok Town Centre. With a manageable investment amount, Tay is confident that the retail podium will attract a diverse group of investors, including boutique real estate funds, family offices, high net worth individuals, and F&B owner-occupiers looking to enter the commercial market in a tightly-held residential enclave.
The EOI for the retail podium will close on April 3 at 3pm. Interested investors can check out the latest listings for Sky Eden@Bedok properties on AskBuddy, where they can also find 2-bedroom floor plans and the site plan and diagrammatic chart for the development. They can also view condo sale transactions in District 16, as well as other projects that recently obtained TOP. With a total of 158 units, Sky Eden@Bedok is a highly desirable development in the area.