Type

Units

Min Area

Price Range

Studio

376 sqft

S$1.3M

Other

376 sqft

S$1.3M

Property Highlights

Commercial development with 2 units currently available.
Prices currently start from S$1.3M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$250K on this acquisition.

Price Trends & Rental Yield

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The Interlace: A Prime Retail Opportunity on Depot Road

The Interlace presents a compelling retail investment proposition for entrepreneurs and property investors seeking a presence in one of Singapore's most established commercial neighbourhoods. Located along Depot Road, this development offers retail units in a high-traffic area strategically positioned to capture customer footfall from multiple sources. The neighbourhood has long been a hub for small businesses, professional services, and lifestyle enterprises, making it an attractive choice for those looking to establish or expand their commercial operations.

This retail space spans approximately 376 square feet, a size that accommodates a wide range of business models without requiring extensive capital expenditure on fit-out and operational overhead. Whether targeting a single-use retail concept, a service-based office, or a hybrid operation, the modest footprint allows entrepreneurs to enter the market at a competitive entry point whilst maintaining operational efficiency. The unit's configuration provides flexibility to tailor the space to specific business needs, from retail display to client consultation areas.

Unrivalled Location and Accessibility

Depot Road's strategic position within the central catchment of Singapore places The Interlace within easy reach of major educational institutions, including ISS International School and Little Footprints Preschool. These facilities generate consistent consumer traffic, from parents conducting school-related shopping to support service demand. Similarly, the proximity to FairPrice PSA Branch and Cold Storage Anchorpoint ensures the area attracts regular grocery shoppers and convenience-focused customers, creating multiple opportunities for retail cross-pollination.

The immediate neighbourhood benefits from the gravitational pull of Alexandra Central and Anchorpoint shopping complexes, both within 1.2 to 1.3 kilometres. These anchor retail destinations funnel shoppers through surrounding streets, a dynamic that heightens visibility and accessibility for units within The Interlace. This clustering of retail and dining options creates an ecosystem where customers are actively seeking goods and services, rather than passing by incidentally.

Built Environment and Operational Amenities

The development recognises the practical demands of modern retail operations by providing comprehensive support infrastructure. Climate control via air conditioning maintains a comfortable shopping and working environment year-round, a critical factor in Singapore's tropical climate where customer comfort directly influences dwell time and spending behaviour. Security personnel ensure round-the-clock surveillance and access management, safeguarding inventory and providing peace of mind to business operators and their clientele.

Covered car parking facilities attached to the development reduce friction in the customer journey. Rather than struggling to find roadside parking or navigating nearby parking structures, shoppers and service users can park immediately adjacent to retail units. This convenience factor significantly impacts foot traffic conversion, particularly for businesses relying on discretionary spending or serving time-sensitive customer needs.

Investment Flexibility and Revenue Potential

A distinctive feature of The Interlace is its flexibility regarding occupancy and revenue models. Units are available for purchase with an existing tenant already in place, providing immediate cash flow to investor-owners without waiting for lease-up periods. This income-producing attribute appeals to those seeking steady returns from their capital allocation. Alternatively, investors may opt to acquire units vacant, allowing complete customisation of lease terms, tenant selection, and rental pricing strategies to maximise yield potential.

The decision to acquire with or without tenant occupancy reflects different investment philosophies. Conservative investors prioritising immediate returns favour tenanted purchases, whilst growth-oriented buyers willing to invest in tenant acquisition and building relationships may prefer vacant units offering greater upside from improved management and rental rate optimisation. Both pathways remain viable within The Interlace's offering.

Market Context and Comparable Retail Dynamics

Retail property in the Depot Road vicinity has demonstrated resilience across multiple economic cycles, supported by the neighbourhood's fundamental appeal to both operators and customers. Unlike pure office space, which has experienced supply pressures and hybrid working trends, retail spaces serving everyday needs and experiential purposes continue to command stable demand. The Interlace's positioning captures this essential retail character, distinguishing it from speculative commercial ventures.

The catchment area surrounding The Interlace contains diverse retail operators ranging from established F&B establishments to personal services, specialty retail, and professional practices. This mix demonstrates the area's capacity to support varied business models, reducing concentration risk for investors. Economic activity in the neighbourhood is anchored by recurring customer patterns rather than cyclical office usage, a stabilising factor for retail property valuations.

Strategic Considerations for Prospective Buyers

Prospective purchasers should evaluate The Interlace's retail units through multiple lenses. For owner-operators, the location offers an established customer base and operational support infrastructure, reducing the friction of starting a new business. For investment-focused buyers, the immediate income potential and flexible occupancy terms provide multiple monetisation strategies. For upgraders transitioning from home-based enterprises to dedicated commercial space, the unit size and amenities represent a natural progression point.

The combination of strategic location, practical amenities, flexible occupancy options, and proven neighbourhood demand creates a compelling case for retail investment along Depot Road. The Interlace serves businesses seeking stability, customers seeking convenience, and investors seeking reliable commercial property exposure.

Frequently Asked Questions

What rental yield might I expect from purchasing a retail unit at The Interlace as an investment property?

Retail yields in the Depot Road precinct typically range between 3% to 5% gross, depending on lease structure, tenant quality, and market conditions. Units available with existing tenants provide immediate transparency on yield performance, whilst vacant acquisitions allow yield optimisation through active tenant management. The Interlace's strategic location within a high-footfall neighbourhood supports rental rate competitiveness, as retailers benefit from consistent customer traffic from nearby schools and shopping anchors. Investors should model yield scenarios based on comparable retail leases in the area, tenant profile stability, and lease escalation clauses to determine net yield potential after accounting for property taxes, maintenance, and vacancy periods.

How does pricing per square foot compare to other recent retail transactions in the Depot Road area?

Retail pricing in the Depot Road neighbourhood reflects the area's established commercial profile and accessibility to major shopping destinations. Recent transactions in comparable retail spaces have traded within a range reflecting the location's desirability relative to newer retail developments in emerging areas. The Interlace's positioning near Alexandra Central and Anchorpoint shopping complexes aligns it with price benchmarks set by other retail spaces serving the same catchment of customers and businesses. Prospective buyers should conduct comparative analysis against recent arms-length sales of similar-sized retail units within a 500-metre radius to establish fair-market pricing. Working with experienced property agents familiar with Depot Road's retail market ensures proper context around pricing premiums or discounts relative to comparable sales.

What are the Additional Buyer's Stamp Duty implications if I purchase The Interlace as a second property?

Singapore Citizens acquiring a second residential or retail investment property face Additional Buyer's Stamp Duty (ABSD) at the current rate of 20% on the purchase price, in addition to standard Buyer's Stamp Duty. For a retail unit at The Interlace priced at S$1.25 million, ABSD would add S$250,000 to total acquisition costs, materially affecting the capital requirement and internal rate of return calculations. This duty applies regardless of whether the property is intended for investment income or owner-operated business use. Prospective second-property buyers should factor ABSD into their financing models and total cash requirement, as it significantly impacts the entry cost and payback timeline for yield-focused acquisitions. Consulting a property lawyer or tax advisor clarifies residency status and any available exemptions before proceeding with purchase.

How does lease tenure affect the long-term resale value and financing prospects of retail units at The Interlace?

The Interlace's lease tenure determines both financing capacity and long-term capital appreciation potential. Units on 99-year leases require careful monitoring of lease decay as the property approaches the lower decades, as financial institutions reduce lending ratios and buyers discount purchase prices significantly for leasehold properties falling below 30 years remaining. Properties with 999-year or Freehold tenure face no such decay risk and typically command premium valuations and unimpaired lending terms throughout their ownership history. For retail investors holding assets long-term, Freehold or 999-year tenure eliminates refinancing constraints and preserves exit flexibility. Buyers acquiring leasehold units should project the lease profile at anticipated sale timing and model the impact on proceeds. Leasehold retail properties also become increasingly difficult to refinance or release as they age, constraining exit optionality for investors seeking liquidity.

How does proximity to the nearest MRT station affect rental demand and capital appreciation at The Interlace?

Whilst Depot Road's immediate MRT connectivity may be limited, the neighbourhood's strong road accessibility and established retail ecosystem create demand independent of rail transit. Retailers and customers access The Interlace via personal transport, taxis, and ride-sharing services, supported by the availability of covered car parking. The neighbourhood's proximity to major shopping anchors like Alexandra Central and Anchorpoint generates foot traffic through the broader precinct, elevating visibility for businesses at The Interlace. Future MRT extensions or enhanced bus rapid transit infrastructure could materially improve accessibility and rental demand by lowering customer friction and broadening the geographic catchment for retail operators. Currently, the established retail character and convenience shopping density around Depot Road provide fundamental demand drivers independent of rail connectivity. Property investors should monitor long-term transport planning announcements, as proximity to rail infrastructure typically accelerates capital appreciation and operational bustle in mature commercial areas.

Is The Interlace suitable for different buyer profiles such as HNW investors, upgraders, or first-time business owners?

The Interlace appeals to multiple buyer archetypes with distinct motivations. High-net-worth investors value the immediate yield potential and portfolio diversification through real assets, particularly with tenanted acquisition options providing passive income without active management burden. Upgrading business owners transitioning from home-based operations benefit from the modest unit size, lower capital barrier than larger commercial spaces, and established customer catchment requiring less pre-opening marketing spend. First-time entrepreneurs find the location attractive due to pre-existing foot traffic and reduced isolation risk compared to standalone retail spaces. Owner-operators in professional services, F&B, or lifestyle retail align with the neighbourhood's existing business mix, increasing probability of sustainable revenue. Property investors seeking passive yield prioritise tenanted units with established tenant relationships and proven performance. The flexibility to acquire tenanted or vacant aligns with each buyer profile's distinct priorities, making The Interlace accessible across experience levels and investment strategies.

What TDSR and financing headroom considerations apply at typical purchase prices for The Interlace units?

Retail property financing in Singapore typically requires minimum 20% to 30% down payment, with LTV ratios capped at 70% to 80% depending on lender policy and tenant profile. For a retail unit at The Interlace priced around S$1.25 million, a buyer financing at 75% LTV would borrow S$937,500, requiring approximately S$312,500 in cash down payment before accounting for ABSD and transaction costs. The buyer's Total Debt Service Ratio (TDSR) limits must accommodate both residential mortgages and commercial property debt within the 55% threshold of gross monthly income, constraining borrowing capacity if the buyer carries other liabilities. Properties acquired with established tenants offer stronger financing terms, as banks recognise stable cash flow supporting debt serviceability. Conversely, vacant acquisitions intended for re-leasing face tighter lending conditions and higher required equity. Prospective buyers should model TDSR using conservative income assumptions and confirm lending pre-approval before committing to purchase, ensuring adequate financing headroom and flexibility for future borrowing needs.

How does The Interlace compare to competing retail developments in the broader Depot Road or Alexandra area?

The Interlace occupies a distinct position within the Depot Road retail ecosystem, serving as an integral component of a neighbourhood characterised by diverse, established retail operators and service providers. Competing retail spaces in the vicinity range from older standalone shophouses to newer purpose-built retail complexes like those within Alexandra Central and Anchorpoint. The Interlace's provision of integrated security, air conditioning, and covered parking differentiates it from certain legacy retail spaces whilst remaining more affordable than premium retail in high-traffic zones like Orchard or Marina Bay. The neighbourhood's retail character centres on convenience, everyday shopping, and professional services rather than aspirational or luxury retail, positioning The Interlace within a value-conscious segment less exposed to premium retail headwinds. Competing retail offerings in the area prioritise accessibility and foot traffic over architectural prestige, a positioning that aligns with The Interlace's offering. Prospective tenants and owner-operators evaluate The Interlace against competing options based on lease terms, operational support, parking convenience, and customer visibility rather than brand cachet, making location and practical amenities the primary competitive vectors.

Which unit stack levels or positions within The Interlace offer the best value or customer visibility?

Ground-floor units at The Interlace typically command premium pricing due to superior customer visibility, ease of pedestrian access, and minimal customer friction compared to upper-level units. However, ground-floor positioning also attracts higher rental demand and faster tenant absorption, justifying elevated acquisition costs through superior yield potential and marketability. Upper-level units may offer more modest pricing whilst still benefiting from the development's integrated parking and security infrastructure, appealing to professional services and office-based businesses less dependent on walk-by traffic. Corner positions with dual street frontage typically command visibility premiums over mid-block locations, as corner positioning extends brand visibility and customer awareness. The optimal unit selection depends on the intended business model—retail retail operations benefit disproportionately from ground-floor visibility, whilst service-based operators may find equivalent value in upper-level units at lower acquisition cost. Investors should evaluate specific unit positioning against comparative rental rates for that stack level to assess value calibration, avoiding blanket assumptions that premium positioning always justifies premium pricing.

What future supply pipeline developments might affect The Interlace's competitiveness and values in this district?

The Depot Road area is an established, mature retail neighbourhood with limited capacity for large-scale new development due to existing urban fabric and land constraints. Unlike emerging commercial districts experiencing rapid supply additions, Depot Road's future supply is likely incremental and focused on retrofitting existing structures rather than wholesale replacement. Transport planning decisions, such as new MRT extensions or bus rapid transit implementation, could accelerate retail development or repositioning in surrounding areas, potentially shifting shopper patterns. Mixed-use development activity in proximate precincts like Alexandra may redirect some retail demand, though the neighbourhood's core appeal to convenience shopping and professional services provides resilience against displacement. Long-term residential intensification in the greater Alexandra/Depot area through HDB upgrading programmes and private housing stock renewal could enhance customer base stability for local retail. Property investors should monitor urban planning announcements and transport infrastructure timelines affecting the broader precinct, as these developments shape long-term demand dynamics. The Interlace's positioning within an established retail ecosystem with limited competing new supply provides a degree of competitive insulation relative to newer retail developments in fast-changing neighbourhoods.

The Interlace — From S$1.3M