75% of Sky Eden@Bedok condo units sold on launch day

·Finance Editor
·2-min read
(PHOTO: Frasers Property)
The developer has sold 118 of 158 residential units at an average selling price of S$2,100 per sq ft. (PHOTO: Frasers Property)

SINGAPORE — Frasers Property Singapore said its Sky Eden@Bedok condominium project has sold about 75 per cent of all units on the first day of launch on Wednesday (7 September).

The developer has sold 118 of 158 residential units at an average selling price of S$2,100 per sq ft (psf), according to a statement on Thursday.

Sky Eden@Bedok, the first residential launch in Bedok Town Centre in 10 years, was originally slated to start sales on 10 September after the preview, which started from 27 August.

All two-bedroom units ranging from 657 sq ft to 743 sq ft, and priced from S$1.31 million have been sold. The remaining are three-bedroom and four-bedroom units ranging between 1,087 sq ft and 1,302 sq ft.

Sky Eden@Bedok is scheduled for completion in the first-half of 2027. The 99-year leasehold mixed-used development will also have a retail podium on the ground floor comprising 12 shops.

The project is a redevelopment of the former four-storey mall, Bedok Point, which opened on 16 Dec 2010. Frasers Property acquired Bedok Point from its retail mall REIT, Frasers Centrepoint Trust, for S$108 million in September 2020.

Sky Eden@Bedok's accessible location in a mature estate proved to be a huge draw for buyers, Lorraine Shiow, acting chief operating officer of Singapore residential at Frasers Property, said.

"Moreover, home buyers appreciate the property's proximity to thriving economic hubs in Changi and Paya Lebar, which are set to undergo further rejuvenation and add more vibrancy to Singapore's East," Shiow added.

Located in the outside central region, the development is within walking distance of Bedok MRT station and bus interchange. Schools such as Red Swastika School, Yu Neng Primary School and Temasek Junior College are located within 1km of the condominium.

Separately, Frasers Property today said it is proposing to offer up to S$375 million in green notes due 2027 under its S$5 billion multi-currency debt issuance programme, to be listed on the mainboard of the Singapore Exchange.

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