Portfolio 15 Freehold Strata Units East Village Market 718 Mil
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A portfolio of 15 freehold ground-floor strata units at East Village, a mixed-use development situated along Upper Changi Road, is now available for purchase with a guide price of $71.8 million. The exclusive marketing agent, CBRE, states that the portfolio is made up of 11 F&B-approved units, one clinic, and three adjoining units that are currently occupied by a gym. Interested buyers have the option to acquire individual units or the entire portfolio.
The total strata area of the portfolio is approximately 17,482 sq ft, with each unit priced at $4,110 psf. The sizes of the individual units range from 431 sq ft for the smallest F&B unit to 6,985 sq ft for the gym. According to CBRE, all of the units are currently leased, making it an attractive investment opportunity for potential buyers who can expect immediate rental income and potential capital appreciation.
Twelve of the units have frontages facing the main road, with dedicated entrances and outdoor refreshment areas. These units are also accessible from an outdoor public carpark. CBRE’s director of capital markets in Singapore, Joshua Giam, explains that this layout provides the units with flexibility in operations, allowing businesses to extend their operating hours and cater to their patrons regardless of the mall’s standard operating hours.
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Tampines, a dynamic and rapidly developing neighborhood in Singapore, has been gaining immense popularity among homebuyers and investors. In recent times, the area has witnessed remarkable progress, making it a coveted residential hub in the real estate industry. With a strong focus on enhancing infrastructure and providing a diverse range of commercial and recreational facilities, Tampines has become a preferred choice for many. The demand for properties, such as the luxurious Aurelle of Tampines EC, is a clear indicator of the rising appeal of this neighborhood. Like other areas revitalized by the Urban Redevelopment Authority (URA), Tampines has also experienced a significant increase in property values. The much-anticipated arrival of Aurelle of Tampines is expected to further boost the real estate market in this area, making it an even more highly sought-after development. Strategically located and equipped with top-notch facilities, Aurelle of Tampines is an essential addition to any real estate portfolio.
Constructed in 2014, East Village is a five-storey development with 90 residential units above a ground-floor retail podium featuring 108 strata-titled shops. The retail component comprises a mix of food establishments, local start-ups, and retail shops, with notable anchor tenants such as Anytime Fitness, Ikura Japanese Restaurant, and Hong Kong Street Family Restaurant.
East Village, located within Simpang Bedok, benefits from the Bedok catchment area and enjoys a triple road frontage along Upper Changi Road, Bedok Road, and Bedok Walk. It is also well-connected to major expressways, such as the Pan Island Expressway (PIE) and East Coast Parkway (ECP). Nearby amenities include educational institutions like Anglican High School and ITE College.
Given the “palatable quantum and scarcity of freehold commercial units in well-located areas,” CBRE expects strong interest from high-net-worth individuals. Giam also notes that demand for commercial properties has been robust due to the reduction in borrowing costs, which began at the start of 2025.
Interested parties can submit their offers through an expression of interest exercise that will close on Sept 18 at 12pm. Be sure to check out the latest listings for East Village properties for a potential investment opportunity.
