-- CBRE, as the exclusive marketing agent, is offering a rare opportunity to acquire a portfolio of 15 freehold prime ground floor strata units at East Village. The portfolio comprises 11 Food & Beverage (F&B) approved units, 1 clinic, and 3 adjoining units presently occupied by a gym. The sale will be conducted through an Expression of Interest, which closes on Thursday, 18 September 2025, at 12pm.
Completed in 2014, East Village is a 5-storey freehold mixed-use development, featuring 90 residential units above a vibrant ground floor retail podium. The retail component is well-occupied by a diverse mix of popular food establishments, local start-ups, and retail shops offering a wide array of trades and services. Notable anchor tenants include Anytime Fitness, Katong Mei Wei Chicken Rice, and Hong Kong Street Family Restaurant.
Strategically located within Simpang Bedok, East Village benefits from a well-established and affluent catchment area renowned for its dynamic culinary scene and bustling late-night atmosphere. The development commands triple road frontage along Upper Changi Road, Bedok Road, and Bedok Walk, and is supported by convenient parking options for visitors with an open-air public carpark located right outside the premises, as well as a basement carpark. Nearby amenities include educational institutions such as Anglican High School and ITE College, as well as strong and ready catchment from surrounding private and landed residences.
The portfolio of 15 commercial strata units spans a total strata area of approximately 17,482 square feet with individual unit sizes ranging from 431 square feet for the smallest F&B unit to 6,985 square feet for the gym. 12 of the units have main road frontage with outdoor refreshment areas and direct access from the outdoor carpark. All units are currently leased, providing immediate rental income and potential for capital appreciation and rental upside.
At the guide price of S$71.8 million, it translates to approximately S$4,110 per square foot based on strata area. Units can be sold as a portfolio or individually. Foreigners and corporates are eligible to purchase and there will not be any Additional Buyer’s Stamp Duty and Seller’s Stamp Duty imposed.
Mr Joshua Giam (严耀祥), Director of Capital Markets, Singapore at CBRE says, “We have been witnessing strong demand for commercial properties with the reduction of borrowing cost since the start of the year. Given the palatable quantum and scarcity of freehold commercial units in well-located areas, CBRE anticipates strong interest from high-net-worth individuals due to the immediate rental income and potential for rental upside. Most of the units enjoy prime positioning along the external-facing frontage of the development, directly facing the public carpark and comes with dedicated entrances. This layout offers the units with operational flexibility, allowing these businesses to extend their hours and cater to their respective patrons independently of the mall’s standard operating hours.”
East Village is well-connected via public and private transportation, with Tanah Merah MRT station nearby and seamless access to major expressways including Pan Island Expressway (PIE) and East Coast Parkway (ECP). The development is a 22-minute drive from the Central Business District (CBD).
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.
Release ID: 89168224
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