Colliers has announced the sale of 12 strata retail units within Bukit Timah Shopping Centre, a mixed-use development in the Beauty World precinct. The portfolio, priced at S$40m, is available via Expression of Interest (EOI) and offers investors the flexibility to purchase the units collectively or in four separate clusters.
The 999-year leasehold portfolio spans approximately 18,223 square feet across two basement levels, with 11 of the 12 units currently tenanted, ensuring immediate income for buyers. The shopping centre boasts excellent connectivity, being a short walk from Beauty World MRT and near the upcoming Integrated Transport Hub.
The units are divided into clusters ranging from 2,142 to 11,011 square feet, with prices between S$6.15m and S$19.5m. One cluster includes the popular Buddy Hoagies diner, whilst others are anchored by education and service-oriented tenants.
The Bukit Timah precinct is undergoing significant rejuvenation, with new residential developments and infrastructure upgrades expected to enhance the area’s appeal. The shopping centre stands to benefit from increased footfall and improved tenant quality, supported by a catchment of over 85,900 residents and future developments.
Investor interest in retail assets has been growing, as evidenced by recent transactions such as City Developments Limited’s divestments. Terry Wong of Colliers Singapore noted the rarity of such opportunities in Bukit Timah, highlighting the potential for future growth and collective sale prospects. The EOI closes on 26 February 2026.
