200 Bukit Timah Road up for sale for $20m

The sale will be conducted via an expression of interest exercise.

A five-storey mixed-use building, 200 Bukit Timah Road, is up for sale for a guide price of $20 million, or S$2,295 per square foot on the total gross floor area. 

The property’s marketing agent, CBRE, said the property will be sold via an expression of interest exercise which will close on 27 July, at 3 pm.

Located in Prime District 9, the freehold building sits on a land area of approximately 2,083 square feet and has a total gross floor area of approximately 8,715 square feet. 

READ MORE: Kensington Park condo goes on sale with a guide price of $1.28b

As the subject property is zoned for “Commercial & Residential” use under the URA Master Plan 2019, both locals and foreigners are eligible to purchase it. 

“Considering the ongoing rejuvenation of Orchard Road and transformation of Novena, 200 Bukit Timah Road is strategically positioned to benefit, and we expect strong interest from investors of various profiles who are looking to capitalize on these exciting plans to enjoy future capital and rental upsides. The asset will also appeal to owner-occupiers looking for a building ideal for naming and signage rights,” Michael Tay (郑兆能), head of Capital Markets, Singapore at CBRE said.

READ MORE: CBRE offers $20m industrial development property for sale