CBRE, as the exclusive marketing agent, is presenting for sale a freehold suburban ground floor retail podium at Tedge – 328 Changi Road.
-- Rare freehold suburban retail podium at Tedge For Sale via Expression of Interest
CBRE, as the exclusive marketing agent, is presenting for sale a freehold suburban ground floor retail podium at Tedge – 328 Changi Road. The sale will be conducted via an Expression of Interest exercise, which will close on Wednesday, 8 April 2026, at 3pm.
The opportunity comprises four adjoining ground-floor retail units located at Tedge, a boutique 5-storey freehold mixed-use development that was completed in 2023, with 42 residential units on the upper floors that have all been fully sold. The retail units have a combined strata area of approximately 5,576 sq ft, made up of a Food and Beverage (F&B) unit, a bakery takeaway unit, and two shop units. Currently fully occupied, the podium provides incoming investors with stable, immediate rental income and strong yield potential in a prime, high-traffic location. Further enhancing its appeal, the retail units enjoy superb visibility as the development occupies a premium corner land plot with superior dual road frontage spanning 75-metres across the high-traffic junction of Changi Road and Telok Kurau Road.
The four retail units are being relaunched for sale, at a lower indicative guide price of S$13.88 million or approximately S$2,490 psf on the existing strata area. As this is a commercial property, foreigners and companies are eligible to purchase, and no Additional Buyer's Stamp Duty (ABSD) or Seller's Stamp Duty (SSD) will be applicable.
Located within Bedok, one of Singapore’s most populous planning areas with approximately 274,360 residents, the asset is perfectly positioned to capture high-volume, multi-faceted catchment. The development benefits from immediate synergy with the surrounding affluent landed enclaves and high-density residential estates, providing a stable built-in consumer base with significant purchasing power. This is further supplemented by its proximity to several notable health and medical centres such as Eunos Polyclinic and Parkway East Hospital that offer a robust mix of healthcare services for a sustainable, all-day footfall profile.
Mr. Clemence Lee (利伟强), Executive Director, Capital Markets, Singapore at CBRE, commented, “The Tedge retail podium presents a rare and compelling opportunity for freehold commercial ownership in Singapore's vibrant eastern corridor. With its strategic positioning along a major arterial road, highly desired F&B approvals on select units, and proximity to dense residential populations, these four units offer excellent rental yield alongside attractive capital appreciation over the mid- to long-term horizon. Furthermore, given the scarcity of boutique freehold retail podiums that are priced at a palatable investment quantum of under S$15 million, we expect strong interest from a wide range of investors that may include corporate investors, family offices, high-net-worth-individuals, retail operators, and owner occupiers who are seeking resilient income-generating assets.”
Mr Lee adds, “The incoming investor can look to deploy a series of targeted value-enhancement strategies to further unlock the asset’s rental and capital potential. Subject to approval from the relevant authorities, investors can explore converting the existing ground floor shop units into restaurants, which typically can command a rental premium. Alternatively, they could explore amalgamating the current layout into one expansive, contiguous space that offers a rare opportunity to curate a large-scale lifestyle F&B food hall or a premier gastronomic collective in an affluent neighbourhood.”
Tedge retail podium enjoys superb accessibility with its strategic placement between Eunos and Kembangan MRT Station, both of which are just a short walking distance away. The nearby Pan-Island Expressway (PIE) and East Coast Parkway (ECP) both provides seamless connectivity to the CBD, Changi Airport, and other islandwide destinations.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2025 revenue). The company has more than 155,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, data center solutions); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.com.
Associated Contact
Melvin Lin
Head of Marketing & Communications, Singapore
Phone: +65 8878 7329
Email: Melvin.Lin@cbre.com
Associated Contact
Clemence Lee
Executive Director, Capital Markets, Singapore
Lic. CEA No.: R046342Z
Phone: +65 6326 1258
Mobile: +65 9724 2939
Email: clemence.lee@cbre.com
