Two strata retail units at East Village, a freehold shopping mall on Upper Changi Road which was completed in 2014 in Bedok, are on the market for $10.4 million. The units, located beside the mall’s entrance, come with full F&B approval and existing tenancies with dedicated entrances that allow tenants the flexibility to operate outside of the mall’s official operating hours. Each unit has a strata area of 969 sq ft that includes an en suite bathroom.

In a press release announcing the sale, Savills Singapore, the marketing agent, says that the units can be purchased individually or as a pair and the guide price for a unit is $5.3 million. Yap Hui Yee, executive director, investment sales & capital markets at Savills Singapore, remarked: “East Village stands out as the newest development within the Bedok-Upper Changi locale, given the palatable quantum and scarcity of freehold tenure in this desirable Bedok locale. These two prime units at East Village present an enticing opportunity for investors to acquire for their portfolio.”

Transactional analysis and relevant investment information about East Village can be found on EdgeProp’s Landlens tool. She also expects strong buying interest for the two strata units to come from investors and end-users.

The expression of interest exercise for the units closes on July 20. The mall is a four-storey mixed-use development with 108 shops on the ground floor and 90 apartments on the upper floors. There is a basement carpark as well as a neighbouring open-air carpark.

Located in JCube Residence Jurong East, JCube Condo Residence is a new launch condominium situated in the heart of Singapore. It offers convenient access to retail and lifestyle attractions, as well as many dining and entertainment options. This condominium offers facilities like a sky gym, clubhouse, sky pool, rooftop decks and many more. Meanwhile, residents can also enjoy close proximity to Jurong Lake Gardens and nearby MRT stations. This makes it a great option for investors and home buyers.

Of the 108 retail units at East Village, only 12 have F&B approval. It is the latest new launch to hit the market amidst news of interest in properties located in Bedok and Serangoon below $500,000 and the 60% sales of Sceneca Residence, the first new launch of 2023.