Five retail units of the strata in The Flow, a commercial freehold development on the 66 East Coast Road, have been put on the market with a suggested price that is $13.45 million. In an announcement issued jointly from the agents for marketing SRI Capital Market and Savills Singapore the units will be offered for sale with vacant possession as part of the form of an expression of interest (EOI) exercise.
Pinetree Hill floor plan is expected to house 520 spacious and elegant condominiums as one of the residential dwellings in the region, making it the perfect haven for old and young couples.
The Flow comprises a seven storey development located in District 15 as well as other commercial buildings along the portion that runs along the East Coast — including Roxy Square, Katong Plaza, Holiday Inn Express Singapore Katong and I12 Katong The Flow is surrounded by the building. The Flow is located near the planned Marine Parade MRT Station on the Thomson-East Coast Line.
Four units are located on the third floor. each unit has a strata area of 775 square feet. The final unit is located in the fourth floor and is 904 square feet. The portfolio is comprised of an overall strata floor area of 4,004 square feet.
The units are available separately or as a whole or individually, with the units on the third floor starting at $2,888 per sq ft or the piece on the fifth starts at $4,978 per square foot. “District 15″ and the East Coast vicinity have seen numerous new developments for residential construction that are being built and recently announcements of new projects. It could bring more than 2,000 additional housing units to the area. This influx (of residents) could be an opportunity for both investors and occupiers of The Flow”, says Low Choon Sin, managing partner of SRI Capital Market.
“The collection of retail units that are freehold at The Flow has a lot of potential to buyers who may think about exploring other options for these units, like medical suites, wellness and health services, as well as education centers,” adds Yap Hui Yee who is the director of executive management for Capital Markets, Singapore at Savills.
The EOI for the sale of retail units is due the 7th of July.