Commercial podium at Tedge on the market for $18 mil
/ EdgeProp Singapore |
Tedge is expected to obtain its temporary occupation permit in 4Q2023 (Picture: Sakal Real Estate Partners)
SINGAPORE (EDGEPROP) - Tedge Retail, a collection of four adjoining freehold commercial units along Changi Road, is up for sale through an expression of interest (EOI) exercise with an indicative price of $18 million.
Tedge Retail is the ground-floor commercial podium at Tedge, a five-storey freehold mixed-used development that also includes 42 residential units. The commercial podium had previously been put up for sale at the same price in July 2020.
Developed by Macly Group, Tedge is expected to obtain its temporary occupation permit in 4Q2023. Located at the corner of Changi Road and Telok Kurau Road, the development is about 500m from the Eunos and Kembangan MRT Stations on the East-West Line.
Map of Tedge (Source: EdgeProp LandLens)
The four units at Tedge Retail comprise F&B and retail units with a combined stata area of 5,576 sq ft. Based on this, the indicative price works out to $3,228 psf. There are also six car park lots designated for Tedge Retail.
Macly Group, through a press release issued by Tedge Retail’s marketing agent Sakal Real Estate Partners, says the commercial podium is ideal for existing F&B establishments looking to expand their footprint. “Besides owner-occupiers, we believe Tedge Retail will also attract investors seeking to acquire F&B and retail properties,” the company adds. (Find Singapore commercial properties with our commercial directory)
The EOI exercise for Tedge Retail will close on Aug 16 at 3pm.
Recent commercial sales transactions within a 500m radius of Tedge (Source: EdgeProp LandLens)
Check out the latest listings near Tedge, Kembangan MRT Station
Follow Us
Follow our channels to receive property news updates 24/7 round the clock.
EdgeProp Telegram
EdgeProp FacebookSubscribe to our newsletter
Top Articles
Search Articles