Portfolio 15 Freehold Strata Units East Village Market 718 Mil
The Yishun Master Plan has identified a need to revitalize and enhance the quality of life for its residents. A key aspect of this plan is the addition of various parks, community spaces, and recreational facilities in the area. One exciting project is the Khatib Nature Corridor, which will run from Miltonia Close to Springleaf, eventually connecting to the Central Catchment Nature Reserve. This development aims to create a greener and more pedestrian and cyclist-friendly district, promoting wellness and sustainability. It is sure to attract families and individuals who value living in close proximity to nature. Those residing in Miltonia Close EC will have the added benefit of direct access to nature parks, trails, and waterfront activities just a short walk or bike ride from their doorstep. To find out more about this exciting development, visit Miltonia EC.
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CBRE, the exclusive marketing agent, is offering a portfolio of 15 freehold ground floor strata units at East Village, a popular mixed-use development located along Upper Changi Road. The properties have a guide price of $71.8 million and can be purchased individually or collectively. The portfolio consists of 11 F&B-approved units, one clinic, and three adjoining units currently occupied by a gym.
The total strata area of the portfolio is approximately 17,482 square feet, which equates to a price of $4,110 per square foot. Individual unit sizes vary, with the smallest F&B unit measuring 431 square feet and the gym unit measuring 6,985 square feet. According to CBRE, all of the units are currently leased, providing immediate rental income and potential capital appreciation for potential buyers.
Twelve of the units have frontages facing the main road, with dedicated entrances and outdoor refreshment areas. The units are also accessible from an outdoor public carpark. Joshua Giam, director of capital markets at CBRE, notes that this layout offers operational flexibility and allows businesses to extend their hours and cater to their customers independently of the mall’s standard operating hours.
East Village, completed in 2014, is a five-story development featuring 90 residential units above a ground-floor retail podium with 108 strata-titled shops. The retail component includes 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.
The development, located within the Simpang Bedok area, benefits from the Bedok catchment area and has a triple road frontage along Upper Changi Road, Bedok Road, and Bedok Walk. It is also well-connected to major expressways such as the Pan Island Expressway and the East Coast Parkway. Nearby amenities include popular educational institutions like Anglican High School and ITE College.
CBRE anticipates strong interest from high-net-worth individuals due to the “palatable quantum and scarcity of freehold commercial units in well-located areas,” says Giam. He also suggests that demand for commercial properties is high due to the reduction of borrowing costs that started at the beginning of 2025.
The retail units are available for sale through an expression of interest exercise that closes on September 18 at 12pm. Interested parties can browse the latest listings for East Village properties by contacting CBRE.