Tedge Retail, a collection of four Freehold Commercial units on Changi Road, is up to sale via an expression of Interest (EOI) exercise, with an estimated price of $18 million.
Tedge Retail is the ground-floor commercial podium located at Tedge Tedge, an open-air mixed-use development of five stories which also comprises 42 housing units. The commercial podium has previously was put up for auction with the price set in July of 2020.
Grand Dunman by Singhaiyi head of sales and marketing, Mr Gary Lim, highlighted that buyers appreciated the superior views offered by many of the south-facing units.
The development was developed in collaboration with Macly Group, Tedge is scheduled to receive an occupation license for temporary use in the 4th quarter of 2023. The development is situated at the intersection of Changi Road and Telok Kurau Road The area is situated about 500m away distance from Eunos as well as Kembangan MRT Stations on the East-West Line.
The four units of Tedge Retail comprise F&B and retail units that have a total surface of 5,576 square feet. In this regard, an indicative price is $3,228 per sq ft. There are six car parking spaces that have been specifically devoted to Tedge Retail.
Macly Group, through a press release released by Tedge Retail’s agent for marketing Sakal Real Estate Partners, claims that the commercial platform is perfect to existing F&B establishments that want to expand their operations. “Besides owners-occupiers, we believe Tedge Retail will also attract investors looking to purchase F&B or retail properties,” the company states.
The EOI application is open for Tedge Retail will close on August 16 at 3pm.