Two commercial units at Twin Vew condo hit the market for $3.75 mil
Positioned right at Twin Vew’s main entrance, the units (on the left) offer prime frontage and excellent footfall (All Photos: Brilliance Capital)
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Two strata commercial units at Twin Vew, a condo on West Coast Vale fronting the Pandan River, have been put up for sale by the condo’s developer, CSC Land Group.
The adjoining ground-floor units have a guide price of $3.75 million, or around $3,380 psf on their combined area of approximately 1,109 sq ft. They are up for sale by private treaty. Located near the condo’s entrance, the units are fully leased to Fairprice Xpress.
The properties are the only commercial units at Twin Vew. They have been held by the developer since Twin Vew’s completion, says Sammi Lim, founder and executive director of Brilliance Capital, which is handling the sale. This is the first time the units have been put on the market.
Located in District 5, the 520-unit Twin Vew was CSC Land’s maiden residential development in Singapore. The developer, a subsidiary of China Construction (South Pacific) Development, completed the 99-year leasehold development in 2021.
It features two 36-storey towers, which house one- to four-bedroom apartments and five-bedroom penthouses. There is also a childcare centre at the development.
According to Lim, strata commercial units within quality private residential developments are becoming more sought after, as investors seek defensive assets that generate resilient income, with limited future supply.
For instance, in May, a 775 sq ft, ground-floor strata retail unit at Sky Eden @ Bedok was sold by the developer, Frasers Property, for $4.26 million, or $5,500 psf. The development, which comprises 158 residential units atop a retail podium with 12 shops, is scheduled for completion next year.
In February 2025, Frasers Property had put the retail podium up for sale via an expression of interest exercise with a guide price of $45.2 million, or $4,038 psf.
Elsewhere, three strata retail units at Artisan 8, a freehold development on Sin Ming Road in Bishan, have been sold by the developer since the project’s launch last year. The ground-floor units, measuring between 280 and 1,076 sq ft, fetched prices ranging from $3,700 to $4,066 psf, based on lodged caveats.
Artisan 8 is a development by Apex Asia consisting of 34 apartments and eight strata retail units.
On the two units at Twin Vew, Lim says: “Investors are not only acquiring an exceptionally scarce commercial asset, but one that also offers immediate income, attractive pricing relative to recent residential retail transactions, and long-term upside from the continued transformation of Singapore’s western growth corridor.”
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