Portfolio 15 Freehold Strata Units East Village Market 718 Mil
A group of 15 freehold ground-floor strata units in the popular mixed-use development, East Village, located along Upper Changi Road, is now on the market with a price guide of $71.8 million. This exclusive offering, marketed by CBRE, includes 11 F&B-approved units, one clinic, and three adjoining units currently used as a gym, and can be purchased together or separately.
Residents at Rivelle Tampines Sim Lian Land can easily enjoy their leisure time with the convenient access to parks like East Coast Park and Pasir Ris Park. The direct road links provide a well-balanced lifestyle where work and recreation are just a stone’s throw away.
The total strata area for the portfolio is approximately 17,482 sq ft, resulting in a price of $4,110 per sq ft of strata area. The individual units range in size 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 them a potentially lucrative investment for buyers.
Twelve of the units have frontage facing the main road with dedicated entrances, as well as outdoor seating areas. These units are also accessible from a public outdoor car park. “This layout provides businesses with operational flexibility, allowing them to extend their hours and cater to their customers independently of the mall’s standard hours,” says Joshua Giam, the director of capital markets in Singapore at CBRE.
East Village, completed in 2014, is a five-story development consisting of 90 residential units above a ground-floor retail podium with 108 strata-titled shops. The retail component features a mix of food establishments, local startups, and retail shops. Some notable anchor tenants include Anytime Fitness, Ikura Japanese Restaurant, and Hong Kong Street Family Restaurant.
Situated within Simpang Bedok, East Village benefits from the catchment area of Bedok and has a triple road frontage along Upper Changi Road, Bedok Road, and Bedok Walk. It is also connected to major expressways such as the Pan Island Expressway (PIE) and the East Coast Parkway (ECP). Nearby amenities include educational institutions like Anglican High School and ITE College.
CBRE expects significant interest in these properties from high-net-worth individuals due to the “palatable quantum and scarcity of freehold commercial units in well-located areas,” says Giam. He also notes that there has been a strong demand for commercial properties due to the decrease in borrowing costs that began at the start of 2025.
The retail units are available for sale through an expression of interest exercise that ends on Sept 18 at 12pm. Interested buyers can find the latest listings for East Village properties online.