A portfolio of 12 strata retail units within Bukit Timah Shopping Centre is up for sale at a combined indicative price of $40 million, according to Colliers, the exclusive marketing agent for the transaction.
The portfolio has been divided into four clusters, each comprising two to six strata units, with the total area for each cluster ranging approximately 2,142 to 11,011 sq ft. Indicative prices of each cluster range between $6.15 million to $19.5 million.
Investors can acquire the units collectively or purchase them as individual clusters across four lots. The indicative price works out to an average price of $2,195 psf.
The 999-year leasehold portfolio totals approximately 18,223 sq ft across Basement 1 and Basement 2. Of the 12 units, 11 are currently tenanted and will be sold with existing tenancies, supporting immediate income visibility.
One cluster houses the popular casual western diner Buddy Hoagies, with prominent frontage and direct access from the ground floor drop-off point. The cluster includes a unit of 366 sq ft on the same floor, which would be sold with vacant possession upon completion.
The remaining clusters are anchored by destination-led lifestyle operators, including education and service-oriented tenants, according to Colliers.
See also: Two-storey conservation shophouse at 81 Tras Street, leased to Pasta Brava, up for sale at $15 mil
The shopping centre enjoys sheltered connection to Beauty World MRT station and proximity to the upcoming Integrated Transport Hub.
According to Colliers, the units benefit from an affluent catchment of over 85,900 residents, and future households from nearby developments including the Reserve Residences, the Dunearn Road residential Government Land Sales sites and the housing estate at the former Bukit Timah Turf City, which is expected to inject 15,000 to 20,000 new residences.
Investor interest in small to mid-sized retail portfolios has strengthened in recent months, says Colliers, supported by notable portfolio transactions.
In 4Q2025, City Developments (CDL) completed two retail divestments, selling the retail podium at Piccadilly Grand for $65.46 million ($3,250 psf) and Quayside Isle for $97.3 million ($2,205 psf).
In 3Q2025, Singapore Post sold its HDB shophouse portfolio for $55.5 million, while Macau's Loi family divested the Holland Road Shopping Centre carpark and retail portfolio for $84 million.
Colliers expects continued activity as additional retail portfolios progress through due diligence.
“Strata retail opportunities of this scale in Bukit Timah are seldom available — especially given that Bukit Timah Shopping Centre is probably one of only three equivalent sites which possesses 999-year or freehold tenure,” says Terry Wong, head of capital markets and investment services, Colliers Singapore.
“We expect strong interest from investors who wish to enter into this market segment within an established location, and with a steady pipeline of future growth,” adds Wong. “Moreover, if they acquire the entire portfolio, the incoming owner would be able to obtain a sizable stake of almost 10% (of total share value) of the development, giving considerable clout in the event of a future exit via collective sale.”
The expression of interest will close at 3pm on Feb 26.
