Four freehold ground-floor retail units at Siglap V have been put up for sale with a guide price of $13 million, translating to about $3,552 psf based on their combined strata area of approximately 3,660 sq ft.
Foreigners and corporate entities are eligible to purchase, and no additional buyer’s stamp duty will be imposed.
The four strata-titled retail units are fully leased, with three occupied by a spa and massage operator and the remaining unit leased to a hair salon, providing immediate rental income for the incoming owner.
Strategically located at the junction of Siglap Road and East Coast Road, the property enjoys “a prime corner location with prominent dual frontage within a well-established and vibrant neighbourhood”, says CBRE, the exclusive marketing agent for the assets.
“The location benefits from strong footfall from surrounding residential estates,” adds CBRE. It is also within a 14-minute walk or 4-minute drive from Siglap MRT Station on the Thomson‑East Coast Line.
The station is well‑connected to other key areas across Singapore, including the Central Business District (CBD) and Orchard Road, and enjoys convenient access to major expressways such as the East Coast Expressway, CBRE highlights.
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“Ground-floor commercial units in the Siglap precinct are highly sought after and rarely available,” says Michael Tay, deputy managing director and head of capital markets, Singapore at CBRE.
Such assets present “opportunities for both end-users and investors seeking a strategic foothold in a mature residential estate with strong fundamentals”, he adds.
“With recent interest rate cuts, we have observed robust demand from family offices and high-net-worth individuals for commercial retail units in densely populated estates. These assets typically offer stable cash flow, resilient performance across market cycles, and potential for rental upside and capital appreciation,” says Tay.
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In October 2024, Mainboard-listed supermarket operator Sheng Siong Group acquired a portfolio comprising eight freehold strata retail units at Siglap V, spanning a combined strata area of about 10,624 sq ft.
The units are leased to CS Fresh and Guardian.
The property will be launched for sale via an expression of interest exercise that will close at 3pm on June 30.
