CBRE has unveiled an exclusive opportunity to acquire a redevelopment site at 351 Chai Chee Street, Bedok, designated for health and medical care use. The sale, managed through an Expression of Interest exercise, will conclude on 21 May 2025 at 3pm. This site, covering approximately 60,282 square feet, currently hosts a 4-storey medical facility with a gross floor area of around 58,928 square feet.
The existing facility includes a medical centre and offices on the first two floors, with the upper levels serving as a nursing home. According to the URA Master Plan 2019, the site is zoned for “Health & Medical Care” use, permitting potential developments such as hospitals, clinics, and research facilities, subject to approval.
Michael Tay, head of Capital Markets at CBRE, highlighted the scarcity of privately owned land for health and medical care in Singapore. He noted, “351 Chai Chee Street offers potential developers and private healthcare institutions a rare opportunity to curate a brand-new development within the ever-growing healthcare sector.”
Located in Bedok, Singapore’s second-largest planning area, the site benefits from proximity to Bedok and Bedok North MRT stations, a comprehensive road network, and is just a 10-minute drive from Changi Airport. The area is set for further growth with the development of the Bayshore Estate and the future transformation of Paya Lebar Air Base.
The indicative guide price for the property is $46 million (S$63 million), with an Outline Application submitted for a 12-storey assisted living facility. The site will be sold with a fresh 60-year leasehold tenure.
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