CBRE has announced the sale of a rare freehold suburban retail podium at Tedge, located at 328 Changi Road, Singapore. The sale will be conducted via an Expression of Interest exercise, closing on 8 April 2026 at 3pm. This opportunity includes four adjoining ground-floor retail units within a five-storey mixed-use development completed in 2023. The units, comprising a Food and Beverage (F&B) outlet, a bakery takeaway, and two shop units, are fully occupied, providing immediate rental income and strong yield potential.
The retail podium benefits from its strategic location at a high-traffic junction, offering 75 metres of dual road frontage. The units are being relaunched at a lower indicative guide price of S$13.88m, or approximately S$2,490 per square foot. As a commercial property, it is open to foreign buyers and companies without the Additional Buyer’s Stamp Duty or Seller’s Stamp Duty.
Clemence Lee, Executive Director of Capital Markets at CBRE, highlighted the podium’s appeal due to its positioning in Singapore’s vibrant eastern corridor. “With its strategic positioning along a major arterial road, highly desired F&B approvals on select units, and proximity to dense residential populations, these four units offer excellent rental yield alongside attractive capital appreciation over the mid- to long-term horizon,” he stated.
The Tedge retail podium is conveniently located between Eunos and Kembangan MRT stations, with easy access to the Central Business District and Changi Airport via the Pan-Island Expressway and East Coast Parkway. This accessibility, combined with its location in a populous area, makes it an attractive investment for a range of potential buyers.
