Cushman & Wakefield has announced the sale of a rare freehold mixed-use development site located at Bukit Timah Road and Duke’s Road in Singapore. The property, offered at an indicative price of $118m, is available through an Expression of Interest exercise closing on 5 May 2026.
The existing 4-storey development is fully occupied, featuring popular tenants such as Atlas Coffeehouse and The Assembly Place. The site, recently expanded to 1,719.80 sqm, is zoned for commercial and residential use with a gross plot ratio of 3.0. It has received permission for a new 5-storey development, including six strata commercial units and 30 residential units.
Located in District 10, the property is just 300 metres from the Botanic Gardens MRT Interchange and is surrounded by prestigious schools and amenities. Shaun Poh, Executive Director of Capital Markets at Cushman & Wakefield, highlighted the scarcity of new retail and F&B developments in the area, noting that older strata developments have traded at $4,000 – $5,000 per square foot.
Poh emphasised the site’s potential, stating, “The owner has already unlocked substantial value by securing adjacent land and obtaining redevelopment permissions.” This offers a unique opportunity for purchasers to establish a presence in a sought-after area or retain the property as an income-generating asset.
