>

Twenty-two freehold commercial units in Hexacube for sale at $43.8 mil

By Valerie Kor

/ EdgeProp Singapore |

September 16, 2020 1:10 PM SGT

SINGAPORE (EDGEPROP) - A portfolio of 22 freehold retail and F&B units at Hexacube at Changi Road is on sale via an Expression of Interest (EOI) exercise, jointly marketed by Savills Singapore and CBRE Singapore.

The indicative guide price of $43.8 million, or around $3,252 psf. The combined strata area of the 22 units across the basement, ground floor and second floor, measures around 13,466 sq ft. Of this, 3,025 sq ft is approved for F&B use.

Hexacube is a freehold corner development with a 70-metre dual frontage along Changi Road and Lorong 105 Changi. The property is approved as Commercial with no additional buyer’s stamp duty or seller’s stamp duty imposed.

The property will benefit from higher pedestrian traffic flow by 2022 with the completion of nearby 1,399-unit Parc Esta, which will increase demand for retail businesses in Hexacube, says Galven Tan, deputy managing director at Savills Singapore.

Michael Tay, head of capital markets at CBRE Singapore, says, “At $3,253 per sq ft, the units are considered affordable given its freehold tenure and strategic location at the city fringe.”

“The buyer can acquire the units individually or collectively,” he adds. The EOI exercise will close at 3pm on Oct 20.

Check out the latest listings near: Hexacube, Parc Esta

Tags:

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Emerald of Katong hits 99% sales at launch, averaging $2,621 psf

2

Kingsford sells 76% of Chuan Park units at an average price of $2,579 psf

3

Is it a Good Deal?: $1.03 million for a four-room HDB flat in District 10

4

Sim Lian Group’s Emerald of Katong: Will it be another top-seller?

5

CDL sells 20% of Union Square Residences at an average price of $3,200 psf

Our Site

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.