CBRE has announced the sale of three exclusive freehold retail units located at 20, 26, and 28 Greenwood Avenue in Singapore’s affluent Bukit Timah neighbourhood. The sale, managed by CBRE as the exclusive marketing agent, will be conducted via an Expression of Interest exercise, closing on 23 September 2026.
Situated in the heart of Hillcrest Park, these retail units boast a prestigious District 10 address, surrounded by a dense residential area and renowned educational institutions such as Raffles Girls’ Primary School and Hwa Chong Institution. The area is home to approximately 86,000 residents, providing a substantial customer base for retail and food and beverage (F&B) businesses.
The properties are currently fully tenanted, offering immediate rental income to potential investors. They can be purchased individually or as a portfolio, with a combined indicative value of approximately S$18.5m. Notably, these freehold commercial assets are open to foreign buyers without the imposition of Additional Buyer’s Stamp Duty or Seller’s Stamp Duty.
Clemence Lee, Executive Director of Capital Markets at CBRE, highlighted the strategic value of these properties, stating, “With Turf City set to deliver up to 20,000 new homes, we expect a substantial expansion of the resident catchment within a short drive or MRT ride of Greenwood Avenue.”
The properties are well-connected, located near Tan Kah Kee MRT station and major expressways, with future transport developments expected to enhance accessibility further. This sale presents a rare opportunity for investors and owner-occupiers to secure a foothold in a highly sought-after freehold enclave.
