CBRE has announced the sale of 15 prime freehold ground floor strata units at East Village, Singapore, with a total guide price of $71.8 million. The portfolio, which includes 11 Food & Beverage (F&B) units, a clinic, and three gym units, is available through an Expression of Interest closing on 18 September 2025.
Completed in 2014, East Village is a mixed-use development located in Simpang Bedok, featuring 90 residential units above a bustling retail podium. The retail area is home to popular establishments like Anytime Fitness and Ikura Japanese Restaurant. The development benefits from its strategic location with triple road frontage and proximity to amenities such as Anglican High School and ITE College.
The 15 commercial units span approximately 17,482 square feet, with sizes ranging from 431 to 6,985 square feet. All units are currently let, offering immediate rental income and potential for capital appreciation. The guide price translates to about $4,110 per square foot, and units can be sold individually or as a portfolio. Notably, there are no Additional Buyer’s Stamp Duty or Seller’s Stamp Duty for purchasers.
Joshua Giam, Director of Capital Markets at CBRE, highlighted the strong demand for commercial properties, citing the reduction in borrowing costs and the scarcity of freehold units in prime locations. He noted the operational flexibility of the units, which feature dedicated entrances and outdoor refreshment areas.
East Village is well-connected, with Tanah Merah MRT station nearby and easy access to major expressways, making it a 22-minute drive from the Central Business District.
