Brilliance Capital is pleased to launch for sale a total of 17 strata commercial units at East Village, a freehold mixed-use development along Upper Changi Road, via an Expression of Interest. The offering spans across the ground floor of the development comprising of 14 F&B units and a supermarket that comes with 3 combined units.

East Village is a 5-storey mixed-used commercial and residential development, consisting of residential apartments above a commercial podium well occupied by restaurants, cafes, bakeries, supermarket, retail shops, offering a myriad of trades and services. Mixed-use developments take convenience up a notch by integrating residential units with commercial space. The development is strategically located in a populous area in the East and attracts crowds from all over Singapore. The building commands prominent triple road frontages along Upper Changi Road, Bedok Road and Bedok Walk and is also in vicinity to Tanah Merah MRT Station. There is a basement carpark in the development with direct access serving both the commercial podium and residential block. A public car park is also strategically located directly in front of East Village.

The 17 commercial units come with a total strata area of approximately 17,997 square feet, with the smallest F&B unit at 205 square feet and the supermarket occupying a total area of 6,985 square feet. The guide price at S$83 million works out to an average price of $4,612 per square foot.

Ms Sammi Lim, Founder and Executive Director, Brilliance Capital Pte Ltd, said: “Freehold commercial properties have always been a well sought-after asset class. Moreover, such an offering for a bulk purchase that is bundled together with an anchor supermarket unit is rarely available, and we expect keen interest for this portfolio from both investors and end-users. It is timely too that we have been observing bulk buying interest from family offices, ultra-high net worth individuals, corporates, and private funds from both local and overseas, focusing on the commercial assets. At 100% occupancy, the incoming buyer will enjoy immediate rental income, and can capitalize on the potential for strong capital value increment and rental upside. 12 of the F&B units have entrances with direct access along the development’s walkway which provides flexibility to the operating hours of the units and is indeed a plus point. The units combined also command a majority stake of approximately 33% of the MCST total share value, which will greatly value add to the purchase.

Completed in 2014, East Village is one of the newer shopping and dining destinations in the East in recent years. The commercial podium has evolved attractively over the years where the subject units are now tenanted to a renowned supermarket and popular restaurants who forms the anchor tenants of the mall. Known as a popular development in the East, the mall commands high footfall and has strong human traffic catchment.

The retail and F&B scenes have evolved tremendously through these 2 years where we have witnessed strong recovery and sprouting of new retail and F&B concepts, together with a speedy expansion of more outlets into the heartlands. Leasing momentum have picked up tremendously and this is a timely opportunity for buyers to enter the market. With the authorities imposing restrictions on the strata subdivision of commercial properties recently, existing strata title commercial units will hold a competitive advantage where it still allows for ownership of commercial assets in a smaller scale.

As a full commercial zoned property, this purchase is open to both local and foreign buyers with no additional buyers’ stamp duty (ABSD) or sellers’ stamp duty (SSD).

Brilliance Capital is the sole marketing agent for this Expression of Interest Exercise. The Tender closes on 26 May 2022, Thursday at 3.00 p.m.

To request a copy of the Information Memorandum please contact the marketing agent Ms Sammi Lim, Founder and Executive Director, Brilliance Capital Pte Ltd via the contact details below.