Commercial podium at Tedge on the market for $18 mil

Tedge Retail, an attractive collection of four adjoining freehold commercial units along Changi Road in Singapore, is up for sale through an expression of interest exercise. Developed by Macly Group, the commercial podium offers F&B and retail units with a combined stat a area of 5,576 sq ft.

Tampines Ave 11 Condo Capitaland is a sought-after residential development, as it is conveniently located in the heart of bustling neighborhood. It is within close proximity to major expressways, as well as transport links such as UBI and Tampines MRT Stations. Its prime location allows for easy accessibility to nearby amenities, thus providing a high level of convenience and comfort for residents.

Located at the corner of Changi Road and Telok Kurau Road, Tedge Retail stands 500m from the Eunos and Kembangan MRT Stations on the East-West Line, and is expected to obtain its temporary occupation permit in 4Q2023.

The freehold mixed-used development in Singapore allows for 42 residential units as well as six car park lots designed for Tedge Retail.

Marketing agent Sakal Real Estate Partners believe that the commercial podium is ideal for existing F&B establishments looking to expand. “Besides owner-occupiers, we believe Tedge Retail will also attract investors seeking to acquire F&B and retail properties,” the company adds.

The indicative price is set at $18 million or $3,228 psf.

Check out the latest listings near Tedge, Kembangan MRT Station, at the edge of the city.

Recent commercial sales transactions within 500m vicinity of Tedge reveals a promising market outlook.

Macly Group has also recently sold 16.7% of Hill House at an average price of $2,980 psf and the new 999-year leasehold project is set to preview on Nov 5. Freehold apartment East Court has also been sold to Macly Group for $19.9 mil.

Those interested in Tedge Retail have until Aug 16 at 3pm to submit their expression of interest.