The 1,388 sq ft unit has a 999-year lease, but the offer covers one tenanted commercial lot—not a landed home or the entire walk-up property.
The freehold commercial property was already earning S$20,000 a month when Aedge agreed to buy it, marking the group’s move beyond industrial holdings.
The reported move replaces paper-based booking and staged payments with EDP+, a digital alternative designed to offer cashier’s-order-like certainty.
At 51, the former Aljunied MP is learning a new trade while continuing his political and pro-bono counselling work.
Lower consent thresholds could unblock collective sales at developments aged 40 and above. Tougher initiation rules, commercial realities and a pending commencement date limit how far the reform goes.
The 999-year tenure attracts attention, but the reported rent implies a gross yield of about 2.22%. This offering will test commercial demand—not reset nearby landed-home values.

Fifty conservation shophouses in Tanjong Pagar are in play at about S$500 million — and the money behind it is a verdict on the 60% ABSD wall, not a leading indicator for luxury homes.

A portfolio of about 50 conservation shophouses across Duxton Road, Duxton Hill, Tras Street, Craig Road and Neil Road is in talks at roughly S$500 million — and the short leases mean the buyer has to run them, not just own them.

A 125-unit co-living and serviced apartment hybrid on a former wet market site, and Singapore's first commercial private assisted-living project a short drive away — Serangoon has quietly become the test bed for housing you rent by the month rather than buy.

Hongkong Land put premier Singapore commercial assets into a private fund rather than a Reit — and the heartland shophouse market sits several rungs further down the same capital ladder.

A freehold Orchard-fringe mall is changing hands at roughly 29% below its 2024 ask while a refurbished Farrer Park block asks 49% more than it cost — and both trades say the same thing about what commercial capital will pay for now.

URA's proposed Master Plan amendment turns a 13ha rubber warehouse site into three housing plots and a park — but because the land is privately held, the usual state price signal never arrives.
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