Sky Eden @ Bedok to test $2,000 psf threshold after a decade

The Singapore-listed weekend preview of Frasers Property’s Sky Eden @ Bedok on August 27-28, drew an audience of more than 4,000. The planned development will have the 158 homes spread in two towers of 16 stories connected with “sky bridges”. The residential towers are situated on the top of a shopping podium which has 12 shops facing the street. The project is just 3 minutes from Bedok MRT Station. Bedok MRT Station on the East-West Line.

Copen Grand location at the heart of Tengah Town. So, residents will be within a short distance of a plethora of amenities and facilities of all kinds.

In Bedok as with most HDB properties, the principal center of activity is located in the town’s center. In this instance the town centre is Bedok Town Centre or Bedok Central. This is where the first retail mall Bedok Mall, with over 200 stores and The FairPrice Finest supermarket, opened in the year 2013. Bedok Mall is linked directly to the Bedok MRT Station, a bus interchange, and the hawker centre.

Sky Eden @ Bedok at 1 Bedok Central is right in the middle of the town’s centre. Two blocks away from Sky Eden @ Bedok it is located The Heartbeat @ Bedok community hub featuring a public library, Bedok Swimming Complex, Kampong Chai Chee Community Centre as well as an open market, and a market centre.

The area of Bedok Central, there are two supermarkets open 24 hours, FairPrice supermarket and Sheng Siong. There is an additional supermarket, Scarlett. The bus interchange behind it lies Djitsun Mall, a redevelopment of the old Princess Theatre. It was opened in the year 2018. is a shopping mall that houses F&B outlets as well as an Golden Village cinema.

Second reincarnation

Sky Eden @ Bedok is an upgrade of the former four-storey shopping mall, Bedok Point, which opened on December 16 2010. Frasers Property had purchased Bedok Point from its REIT for retail malls, Frasers Centrepoint Trust (FCT) with a value of $108 million, in the month September, 2020 in the hope of renovating the mall.

Bedok Point was an upgrade of the neighboring Bedok as well as Changi theatres which Frasers Property had purchased in November 2006 for $40.8 million. The company had transformed those two sites to create Bedok Point. After the mall stabilized it was added to FCT’s portfolio.

“As it is well-served with retail centers We applied for the change of use to an urban development with mixed-use,” says Elson Poo, Frasers Property Singapore senior vice-president, sales and marketing residential.

Another developer who has done similar work can be found in CapitaLand Development, the development division that is part of CapitaLand Group. It announced in January it would acquire JCube Singapore’s first mall that has an Olympic-sized ice skating rink in exchange for CapitaLand Integrated Commercial Trust for $340 million. CapitaLand Development intends to redevelop JCube into a new mixed-use residential development. JCube will be located within Jurong East, where the most recent brand-new condominium launched was JGateway in 2013.

The last new project to be launched in December of 2011

Within Bedok Central, the last private residential development launched included the five-83 unit Bedok Residences in December 2011. More than 75% of the units sold within the first month following its debut at an average of $1,334 per sq ft. Bedok Residences sits on top of Bedok Mall and is linked to the hub of integrated transportation that includes The Bedok MRT Station and bus interchange. Built in 2015, the units have sold in the past year, with prices ranging from $1,080 per square foot for a fourth-floor unit up to $1,694 per sq ft for an 11th floor unit, which is averaging $1,471 per square foot, based on the caveats filed so far.

Sky Eden @ Bedok is “the first residential project to open within Bedok Town Centre within the last the past 10 years” According the Frasers Property in a media statement released on the 25th of August. The units are available from two to four-bedroom , with sizes of 657 sq ft to 1,302 sq feet. Prices start at $1.31 million ($1,994 per square foot) for an area of 657 square feet, two-bedroom apartment; $1.73 million ($1,937 per square foot) for an 893 sq ft three-bedroom unit, or $2.6 million ($1,997 per square foot) for the 1,302 sq ft four-bedroom apartment. The sales booking process is scheduled to begin on Saturday, September 10.

Lee Sze Teck, Huttons Asia director of research believes that an increase in interest from upgraders in the region. In the end, Bedok has the most amount of residents in any area of planning in Singapore. According to data from the Singapore 2020 Census the region has an estimated population of 27,990 Singapore residents.

In addition to the Bedok area, the home-buyer’s interest is expected to originate from the east region, such as Tampines, Pasir Ris and Changi. “Sky Eden @ Bedok will be a popular choice for them, particularly those who desire to reside in the east, but would like to be in the city. Bedok Central is a sweet area,” says Frasers Property’s Poo.

The 12 retail stores in the strata located at Sky Eden @ Bedok have been all accepted to be used for F&B use. The shops aren’t being offered for sale at this present phase.

Apart from the services like public transportation as well as malls, eateries and restaurants There are plenty of primary schools close by including Red Swastika and Yu Neng Primary School, both of which are within a distance of 1km. Temasek Junior College, St Stephen’s School and Anglican High School are also within a short distance. Further to the east is Temasek Polytechnic and Singapore University of Technology and Design.

Catering for the work-from-home lifestyle

Sky Eden @ Bedok sits on the 99-year leasehold site with a total area of 44,526 square feet. ADDP Architects is the designer for the project, and Tinderbox acting as the landscaping consultant. The amenities like the pool, clubhouse as well as function spaces are situated in front, while two residential blocks are situated on the rear at the rear of the site. “The amenities offer the visual and sound buffer for the residents” adds Tang Kok Thye, associate partner of ADDP Architects.

To accommodate people who work at home The developer offers an “co-working sanctuary” that includes a co-working area that residents can use as well as workpods to users who require video conferences and meeting rooms to hold discussions. This “co-working refuge” is situated in a peaceful area at the same level as the other amenities but is separate from the pool area and the function rooms.

“Even although there are only 158 units in the development, we’re offering full condominium services,” says Poo. “For those looking to take up tennis, our tennis facility located at Heartbeat @ Bedok is nearby.”

Another distinct feature at Sky Eden @ Bedok is the sky bridges connecting each of the floors between the two buildings. “Most condos have just the sky bridges connecting the blocks of residential homes,” Poo points out. “But we have an sky bridge on each floor that lets you make the space part of the home -it allows you to do yoga, connect with your neighbors and also enjoy the landscape and view,” he says.

For landscaping The species that are attractive to butterflies have been chosen. “The sky bridges were designed as eco-links that will attract birds and butterflies,” says ADDP’s Tang. “We would like to add more greenery to this area. Bedok Central area.” The design is biophilic, Sky Eden @ Bedok was granted BCA Green Mark Gold certification for its sustainability.

Each tower is comprised of five units on each floor. All units located on the penthouse level are equipped with a double-volume ceiling that measures 4.8m. This gives residents the opportunity to have a spacious ceiling with the possibility of building a 5 sq m (53.8 sq feet) mezzanine deck that can be used as an area for display as well as a space for a hobby or smaller study space at the top level, in the event that they want to create additional space.

Storage space that is concealed is offered, particularly in corners, like the kitchen area close to the entrance as well as the area for the wardrobe. The common bedrooms are designed to fit one queen-sized bed, whereas those bedrooms for masters can accommodate one king-sized bed.

‘Well-subscribed’

Huttons’ Lee is confident that the apartments located at Sky Eden @ Bedok are likely to be highly-subscribed. “Bedok is an established estate with facilities like schools, hawker centers as well as supermarkets, coffee shops and malls for retail, MRT station and bus interchange,” he says. “It is a great choice for those who are looking for an area that is convenient and with all amenities just a few steps away.”

In actual fact, Ismail Gafoor, CEO of PropNex believes the Sky Eden @ Bedok will be able to achieve the sales levels similar to projects such as Piccadilly Grand at Farrer Park and Liv @ MB in Mountbatten. Both projects launched in May and have achieved sales that were 75 or more%. “Besides Sky Eden @ Bedok’s close proximity close to an MRT station, and its location in an established estate The area hasn’t had any new residential projects launched for more than 10 years” claims Gafoor.

Gafoor expects the cost of Sky Eden at Bedok for the project to range “in the between $2,000 and $2,100 per square foot”. The demand for larger and three-bedroom units will be driven by owners Gafoor predicts a group of investors attracted by two-bedroom apartments in the development, due to the geographical location.

Sky Eden @ Bedok is located in the Outside Central Region, where there’s currently very little inventory of un-sold, says Gafoor. Therefore, he anticipates Sky Eden at Bedok “to sell extremely well”.