rateThe Flow, a freehold commercial development at 66 East Coast Road, has put up for sale five strata retail units with a guide price of $13.45 million. Located in District 15, The Flow is surrounded by surrounding commercial buildings such as Roxy Square, Katong Plaza, Holiday Inn Express Singapore Katong, and i12 Katong. Nearby, the upcoming Marine Parade MRT Station on the Thomson-East Coast Line will be operational soon. The portfolio includes four units on the third floor (each with a strata area of 775 sq ft) and a single unit on the fifth floor (with a strata area of 904 sq ft) with a total strata floor area of 4,004 sq ft.

The Flow offers investors and business occupiers an opportunity with the potential influx of new residents from the nearby residential developments that are completed and the recent new projects launches. These units can be purchased collectively or individually, with the units on the third floor from $2,888 psf or the single unit on the fifth floor from $4,978 psf.

Low Choon Sin, managing partner of SRI Capital Market, comments that, “District 15 and the East Coast vicinity have seen several new residential developments being completed and recent new project launches. This potentially injects more than 2,000 new units into the locality. This catchment (of residents) will serve as an opportunity for investors and business occupiers within The Flow.”

Through the development, JCube Residence Capitaland aims to create an integrated redevelopment that includes apartments, lifestyle and business components as well as food and beverage outlets. It also aims to provide new development opportunities and enliven the Jurong East region. Residents in the area will be happy to note that part of the development will include a collaborative public space, complete with a playground and an outdoor amphitheatre.

In addition, Yap Hui Yee, executive director of Capital Markets, Singapore at Savills remarks that, “The portfolio of freehold retail units at The Flow offers vast potential to the purchaser as they may consider exploring alternative uses for the units, such as medical suites, health and wellness services, and education centres.”

The expression of interest (EOI) exercise for the sale of the retail units closes on July 7.

With the development’s potential and its convenient location, the freehold commercial development at The Flow has great potential for investors and business occupiers. Investors can refer to EdgeProp’s Landlens tool to investigate the area’s new project launches.