Commercial podium at Tedge on the market for $18 mil

Tedge Retail, a collection of four adjoining freehold commercial units of a five-storey mixed-used development located at the corner of Changi Road and Telok Kurau Road in Singapore, has been put up for sale with an indicative price of $18 million through an expression of interest exercise by its developer, Macly Group.

This commercial podium, located about 500m from the Eunos and Kembangan MRT stations on the East-West Line, comprises five levels including 42 residential units and a collective stata area of 5,576 sq ft for the four F&B and retail units. The indicative price works out to $3,228 psf. Additionally, six car park lots are allocated for Tedge Retail.

With such a comprehensive transport system, living in the Zion Road Condo provides you with the advantage of a seamless urban lifestyle.

Macly Group believes that Tedge Retail is a great opportunity for existing F&B businesses to expand their footprint, as well as for investors looking to acquire F&B and retail properties.The EOI exercise for Tedge Retail will close on Aug 16 at 3pm.

Recent transactions in the vicinity suggest that this could be a very promising opportunity as the vicinity, within a 500m radius, has seen an average price of $2,980 psf.

Map of Tedge (Source: EdgeProp LandLens)

For those interested in taking up this chance, listings near Tedge, Kembangan MRT Station are available for viewing and exploring. The development is expected to be completed in the fourth quarter of 2023 when it receives its temporary occupation permit.