Tedge retail podium relaunched at $13.88m as CBRE markets freehold strata units

EOI closes 8 April.

CBRE is marketing a rare freehold suburban ground-floor retail podium at Tedge, 328 Changi Road, with an indicative guide price of $13.88m, or about $2,490 psf on the existing strata area.

The sale is via an expression of interest exercise that closes on 8 April at 3 pm, and covers four adjoining ground-floor retail strata units in the five-storey mixed-use development completed in 2023.

The units have a combined strata area of about 5,576 sq ft and include one F&B unit, one bakery takeaway unit, and two shop units, with the podium currently fully occupied, CBRE said.

CBRE said the development sits on a corner plot with dual road frontage spanning 75 metres at the junction of Changi Road and Telok Kurau Road, and is positioned between Eunos and Kembangan MRT stations within a short walking distance, with access to the PIE and ECP.

As a commercial property, foreigners and companies are eligible to buy, and no Additional Buyer’s Stamp Duty or Seller’s Stamp Duty applies, CBRE said.

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