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Bukit Timah Plaza strata restaurant unit for sale at $9.8 mil, after 12% price cut

By Ashley Lo

/ EdgeProp Singapore |

February 15, 2025 10:58 PM SGT

The strata unit approved for restaurant use is on the market for $9.8 million or $2,890 psf (Photo: CBRE)

A 3,391 sq ft strata-titled unit, approved for restaurant use, has been put up for sale at Bukit Timah Plaza mall. The asking price is $9.8 million ($2,890 psf), reflecting a 12% discount from the previous listing price of $11 million in 3Q2022, according to Clemence Lee, CBRE’s executive director of capital markets, who is marketing the property.

Situated in the basement two of the mall, the unit has a 20m frontage facing the central plaza. According to Lee, the unit is currently fully leased and will be sold within the existing tenancy. The unit has a 99-year lease from 1976, hence it has a remaining lease of 50 years.

The pricing is in line with the last two transactions for units in basement two: A 441 sq ft unit that had changed hands for $1.43 million ($3,240 psf) in March 2024 and an 850 sq ft unit that fetched $2,5 million ($2,940 psf), based on caveats lodged.

A mixed-use development completed in 1979, Bukit Timah Plaza comprises a four-storey retail mall and two apartment blocks with 269 residential units at Sherwood Towers. The mall is one of the most visited in Bukit Timah, housing one of the largest Fairprice Finest supermarkets in Singapore, which spans over 44,000 sq ft, says CBRE.

Bukit Timah Plaza is within walking distance of Beauty World and King Albert Park MRT stations (Source: EdgeProp Landlens)

Located at 1 Jalan Anak Bukit, the mall is within walking distance of Beauty World MRT Station and King Albert Park MRT Station on the Downtown Line. Bukit Timah Plaza is also surrounded by many private residential developments, with an estimated population of about 37,000.

It is also near several educational institutions such as the Singapore Institute of Technology (SIT), Singapore Institute of Management (SIM), Ngee Ann Polytechnic, Methodist Girls’ School, and Pei Hwa Presbyterian Primary School.

Bukit Timah Plaza is in the vicinity of the Beauty World area that is being rejuvenated by many new mixed-use, integrated developments, such as the upcoming The Reserve Residences and the redevelopment of the former Bukit Timah Market and Food Centre, expected to be completed in late 2029.

The unit is offered for sale by expression of interest on Mar 19.

Check out the latest listings for Bukit Timah Plaza, Sherwood Towers properties

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