Prime ground-floor unit at Bukit Timah Shopping Centre for sale at $5.8m

The 2,142-sqft property has obtained the approval for bar and pub use.

A 999-year ground-floor unit in Bukit Timah Shopping Centre, a commercial development comprising a seven-storey podium and a 14-storey tower block, has been launched for sale via an expression of interest (EOI) at an indicative price of $5.8m, an announcement by marketing agent CBRE revealed.

With a prominent main road frontage along the bustling Upper Bukit Timah Road, the 2,142-sqft ground-floor unit enjoys high footfall and is located next to a public car parking facility. The indicative guide price works out to approximately $2,707 psf based on the strata area.

The property has obtained the “rare” approval of a “Bar/Pub” and is currently tenanted. Subject to approval from relevant authorities, potential alternative uses, including cafes, healthcare, educational, showroom, retail, fitness center, home & living and lifestyle business, can be explored, CBRE noted.

According to Sophia Lim, manager of capital markets at CBRE, units on the ground floor in the mall are usually tightly held and are seldom made available for sale due to their high visibility and the heavy human traffic flow.

“This is evident from the limited number of transactions within the development over the last three years. Only one 193-sqft retail unit on the ground floor was transacted at $3,432 psf in 2017.”

There will be no additional buyers’ stamp duty (ABSD) or sellers’ stamp duty, so both foreigners and companies are eligible to purchase the property.

The EOI closes on 6 August at 3 p.m.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia