CommercialCOMMERCIALLeaseholdDistrict 23 · Bukit Panjang

Bukit Panjang Plaza

Reviewed by Nathan TangUpdated 8 November 2026Data through Jan 2026
Quick Summary

Bukit Panjang Plaza is a commercial building in District 23 · Bukit Panjang, on land zoned COMMERCIAL under the URA Master Plan. It is leasehold with roughly 67 years remaining. 94 transactions are on record since 1995, at a median S$2,027 psf, most recently in Jan 2026. ACRA records 9 live company registrations at this address.

1

What are the key facts about Bukit Panjang Plaza?

Key takeawayBukit Panjang Plaza is a commercial building in District 23 · Bukit Panjang, zoned COMMERCIAL, held leasehold.
Asset class
Commercial
Land-use zone
COMMERCIAL
Gross plot ratio
Subject to Evaluation
Tenure
Leasehold
District / Area
District 23 · Bukit Panjang
Address
1 Jelebu Road
Land area
11,499 sqm
Completed
Not on record
Storeys
4 (© OpenStreetMap contributors)
Strata units (MCST)
91
Managing agent
CBRE PTE LTD
Strata formed
2001 (MCST 2533)
Owner
CapitaLand Integrated Commercial Trust (part of the strata) (SGX filings)
Car-park lots
317 (the owner's annual report (as filed on SGX))
Submarket
Suburban
Units with a recorded sale
At least 84
Transactions on record
94 (records start 1995)
Live listings
None
ACRA registrations
9
2

Who owns Bukit Panjang Plaza, and what is it valued at?

Key takeawayCapitaLand Integrated Commercial Trust holds part of Bukit Panjang Plaza. The figures below come from its own SGX filings, each with its date. A valuation is an independent valuer's opinion for the owner's accounts, not a sale price.
Valued at S$389 million as at 31 Dec 2025, by Cushman & Wakefield VHS Pte. Ltd..
90 out of 91 strata lots
Bukit Panjang Plaza: CapitaLand Integrated Commercial Trust's annual report (2025)
Committed occupancy
99.9% (as of 31 Dec 2025)
Tenants
120
Car-park lots
317
Land tenure
Leasehold tenure of 99 years with effect from 1 December 1994
Green Mark
EDGE
Major tenants
National Library Board, NTUC Enterprise Co-Operative Ltd, Pan Pacific Retail Management (Singapore) Pte Ltd
Whole-building deals
  1. Announced 14 Jan 2026 · completed 27 Feb 2026
    Vendor sold Bukit Panjang Plaza for S$428 million (sale price) to Purchaser.

Source: the owners' own filings on SGX — notices of valuation of real assets, acquisition and divestment announcements, and annual reports. Facts only, each with its date; a valuation is not a sale price, and occupancy and WALE are as of the date shown. Only REITs and SGX-listed companies file these: a building with a private owner shows no owner here.

3

About Bukit Panjang Plaza

Bukit Panjang Plaza is a commercial building in Bukit Panjang (District 23). It is located along Jelebu Road, Singapore 677743.

Under the URA Master Plan it sits on land zoned commercial.

The site is leasehold, with about 67 years remaining on the lease. It occupies roughly 11,499 sqm of land with about 22,998 sqm of gross floor area.

94 transactions have been recorded here, at a median of S$2,027 psf. The most recent was in January 2026.

19 businesses are currently registered at this address with ACRA.

The nearest MRT is Bukit Panjang LRT, 303 m away (about a 5-minute walk). The closest bus stop (Bt Panjang Plaza) is 50 m away (about a 1-minute walk).

4

What is Bukit Panjang Plaza zoned as?

Key takeawayBukit Panjang Plaza sits on land zoned COMMERCIAL.
Land-use zone
COMMERCIAL
Gross plot ratio
Subject to Evaluation

URA has not published a fixed plot ratio for this site — the Master Plan records "EVA" (Subject to Evaluation), meaning intensity is decided case by case on application. Do not quote a plot ratio, and do not compute buildable GFA from it.

Run the full zoning report for this building →

5

What has Bukit Panjang Plaza sold for?

Key takeawayAcross 94 recorded transactions since 1995, the median price is about S$730k, most recently in Jan 2026.
DateUsePriceAreaPSF
Jan 2026RetailS$428.00M143,409 sqft$2,984
Jan 2010RetailS$244.24M143,409 sqft$1,703
Nov 2003RetailS$1.20M689 sqft$1,737
Nov 2003RetailS$948k344 sqft$2,751
Nov 2003RetailS$806k450 sqft$1,791
Nov 2003RetailS$1.39M915 sqft$1,520
Nov 2003RetailS$4.39M6,060 sqft$724
Nov 2003RetailS$1.35M517 sqft$2,607
Nov 2003RetailS$3.43M5,404 sqft$634
Nov 2003RetailS$864k397 sqft$2,175

URA/JTC records from 1995 — that is where the record starts, not when the building was built. Strata and land deals can mix in one building's history; compare like with like. sqm ↔ sq ft converter

6

What does space at Bukit Panjang Plaza rent for?

Key takeawayNo rent is published for Bukit Panjang Plaza itself. On its street, Jelebu Road, retail space rented at a median of $25.21 psf a month in 2026Q3, with the middle half of leases between $17.18 and $28.23. That is not this building's own rent, and never a quote for a particular unit.

Retail space on Jelebu Road

Street level · 2026Q3
25th pct
$17.18
$184.91 psm
Median
$25.21
$271.33 psm
75th pct
$28.23
$303.83 psm

S$ per sq ft per month · median +8.6% on a year earlier

2023Q4 · $272.27 psm2026Q3 · $271.33 psm median

URA's percentiles of RETAIL rents (shop, F&B, entertainment, health & fitness) across every lease stamped with IRAS on this STREET in the quarter — the street's figure, not this building's rent and never a unit's. Retail rent swings with floor and frontage, so the spread matters as much as the median. A median needs at least 2 buildings and 3 contracts (percentiles need 4); a blank means below that threshold, not zero.

Source: URA rental statistics by street (IRAS-stamped contracts).

Retail space — District 23 retail

Region band · 2026Q3
25th pct
$22.95
$247.02 psm
Median
$23.77
$255.89 psm
75th pct
$25.51
$274.59 psm

S$ per sq ft per month

A REGION BAND — URA's grid for the whole district or location, not this street or building. Say "across <district/location>, …", never that this building rents for it. The middle of URA's retail grid for District 23 across every floor and size band — a ground-floor shop and an upper-floor unit sit at very different points in it.

Source: URA REALIS retail rental analysis (district × floor × size grid).

7

Market context around Bukit Panjang Plaza

Key takeawayBrokers' retail figures for this part of Singapore — a broker's market figure, not this building's rent.
CBRE, 2Q 2026
  • Suburban: Rent S$32.95 psf/mth
Singapore Figures Q2 2026
Cushman & Wakefield, 2Q 2026
  • Suburban: Rent S$33.36 psf/mth · Vacancy 5.7% (1Q 2026) · Planned / under construction 1.53m sq ft
Singapore Retail MarketBeat Q2 2026

Official series (URA, 2026Q3): Retail vacancy rate (Whole Island) 6.5 (-0.4 pp on the year) · Retail rental index (Central Region) 81.2 (+1.4% on the year).

Brokers draw submarkets and grades differently; each figure is the broker's own, for its own area, cited to its report. Rents are per square foot per month.

8

What's been approved at Bukit Panjang Plaza?

Key takeawayURA has approved 38 changes of use at Bukit Panjang Plaza since 2000, most recently in 2026. This is the building's planning history, not today's approved use of any unit: confirm a unit's approved use with URA before signing.
  1. 24 Sept 2026ApprovedFloor 2
    Change of use to restaurant

    Proposed change of use of units #02-XX and #02-XX to restaurant at bukit panjang plaza

  2. 9 Jul 2026ApprovedFloor 2
    Change of use to restaurant

    Proposed change of use to restaurant at units #02-XX at bukit panjang plaza

  3. 3 Nov 2025ApprovedFloor 3
    Change of use to amusement centre

    Proposed change of use of unit #03-XX to amusement centre at bukit panjang plaza

  4. 11 Aug 2025ApprovedFloor 1
    Change of use to medical clinic

    Proposed change of use (cou) of existing shop (unit#01-XX) to medical clinic at 1st storey of the existing 4-storey shopping & entertainment complex (bukit panjang plaza) on lots 860v mk14 at 1 jelebu road (bukit panjang planning area)

  5. 29 Oct 2024RenewedFloor 4
    Continued use as massage establishment

    Continued use of unit #04-XX as massage establishment at bukit panjang plaza

  6. 14 Oct 2024Renewed
    Change of use

    Continued use of 3 car parking lots (lot nos. 25a, 25b & 25c) on lot 00860v mk14 at 1 jelebu road basement 1 for car polishing and waxing service

  7. 12 Sept 2024RenewedFloor 1
    Continued use as massage establishment

    Continued use of unit #01-XX to massage establishment at bukit panjang plaza

  8. 19 Jul 2024ApprovedFloor 3
    Change of use to supermarket

    Proposed change of use (cou) of existing shop (unit #03-XX) to supermarket at 3rd storey of the existing 4-storey shopping & entertainment complex (bukit panjang plaza) on lots 860v mk14 at 1 jelebu road (bukit panjang planning area)

  9. 29 Sept 2022Approved
    Change of use: customer service counter → shop

    Proposed change of use of unit #02-XX from customer service counter to shop at bukit panjang plaza

  10. 22 Apr 2022ApprovedFloor 3
    Change of use to commercial school

    Proposed change of use of units #03-XX, #03-XX, #03-XX, #03-XX & #03-XX to commercial school at bukit panjang plaza

  11. 22 Dec 2021Renewed
    Change of use

    Continued use of 3 car parking lots (lot nos. 25a, 25b & 25c) on lot 00860v mk14 at 1 jelebu road basement 1 for car polishing and waxing service (bukit panjang planning area)

  12. 13 Dec 2021ApprovedFloor 1
    Change of use to massage establishment

    Proposed change of use of unit #01-XX to massage establishment at bukit panjang plaza

56 earlier change-of-use and A&A decisions are on record since 2000.

Source: URA planning decisions (URA Data Service), matched to this building by address or land lot. A past approval can lapse (a temporary permission) and belongs to the unit it names. The authoritative approved use of a unit comes from URA's Enquiry on Approved Use of Premises (S$54.50 per unit).

9

How does Jelebu Road price?

Strata sales on the street (5y)
1

Too few strata sales on this street to support a median — the count is shown without one.

Street figures cover strata deals only — land and strata PSF are not comparable.

10

What do commercial rents run near Bukit Panjang Plaza?

Key takeawayURA publishes contracted-rent percentile grids quarterly (latest: 2026Q3) — the benchmark evidence an asking rent should be weighed against.

Indicative area yield — District 23 retail

Gross yield (area)
9.6%
8.6% net of property tax
Rent side (median of bands)
$255.89 psm/mo
2026Q3
Price side (strata, 5y)
$2,984 psf
11 sales

An INDICATIVE AREA yield for District 23 retail — NOT this building's yield, and not any unit's. Commercial rents are published as a district percentile grid, so both halves describe the district.

Priced on STRATA sales only: rent is quoted per unit of lettable area, and commercial land PSF runs far above strata — mixing them would shift the ratio sharply.

Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.

Retail rents — District 23 ($ psm/month, 2026Q3)

Floor level · size band25th pctMedian75th pct
B1 & Below · 30 & Below$301.00$351.50$421.39
Level 1 · 30 & Below$337.00$386.49$398.56
Level 4 & Above · >30 - 100$247.02$248.59$265.90
Level 1 · >30 - 100$146.69$255.89$274.59
B1 & Below · >30 - 100$312.82$320.00$323.19
Level 2 & 3 · >30 - 100$168.47$207.40$244.22
Level 1 · >100 - 300$87.55$123.10$164.64

URA REALIS rental-contract percentiles for the district/location — an area benchmark, not this building's own rents. Office and retail are dimensioned differently and are never mixed.

11

What is near Bukit Panjang Plaza?

Key takeawayThe nearest MRT/LRT is Bukit Panjang LRT, about 303 m away — and 3 competing retail premisess operate nearby.

Getting around

Amenities nearby

Bt Panjang Plaza · 50 mDr W K Koo & Associates · 73 mSenja-Cashew Community Centre · 148 mBukit Panjang LRT Exit D · 288 mPlace Of Worship · 359 mEducational Institution · 469 mBukit Panjang Polyclinic · 487 m

Competing premises nearby

Retail and F&B premises competing for the same footfall — context for an occupier, not a selling point.

Bukit Panjang Plaza · 80 mNTUC Fairprice Co-operative Ltd · 80 mSenja Hawker Centre · 808 m

Straight-line distances. Source: PropKaki amenities data.

12

Getting there and parking at Bukit Panjang Plaza

Key takeawayThe nearest station is Bukit Panjang (BP6 / DT1), 288 m away — one of the busiest stations, with about 85,000 taps in and out on an average weekday. 12 public car parks are within 500 m.
Foot traffic: busier than 75% of retail buildings

nearest MRT/LRT Bukit Panjang (BP6/DT1) 288 m, about 85,000 taps a weekday; 7 more stations within 1 km; bus stops within 400 m: 19, about 80,000 taps a weekday; Bukit Panjang: 9,091 resident workers (Census 2020, by workplace); about 91,000 residents within 1 km (June 2026); 2 other malls within 1 km. Ranked against 12,856 retail buildings by PropKaki's model: a relative score, not a footfall count.

A relative score from PropKaki's model (station and bus taps nearby, workers and residents around, and competing malls), not a count of people.

Stations within 1 km

  • Bukit Panjang (BP6 / DT1)288 m · about 85,000 weekday taps
  • Senja (BP13)304 m · 2,482 weekday taps
  • Petir (BP7)427 m · 2,349 weekday taps
  • Phoenix (BP5)669 m · 4,095 weekday taps
  • Jelapang (BP12)695 m · 6,292 weekday taps

Taps are fare-card taps in and out at the station's gates on an average weekday (Jul 2026 to Sep 2026) — people passing through, not visitors to Bukit Panjang Plaza. Transfers between lines don't tap, so interchanges read low.

Bus

19 bus stops within 400 m, with about 80,000 boardings and alightings on an average weekday.

Public car parks within 500 m

  • Bt Panjang Plaza (development car park)99 m
    rates not published as open data
  • Blk 177A Lompang Road (HDB)115 m
    S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 497 car lots
  • Blk 181A Jelebu Road (HDB)136 m
    S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 553 car lots
  • Blk 185A Jelebu Road (HDB)214 m
    S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 319 car lots
  • Blk 180A Lompang Road (HDB)234 m
    S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 232 car lots

HDB season (car): Tier 1 $110/month (a resident's or registered HDB shop/industrial tenant's first car); Tier 2 (other cars, non-residents) $120 Rest of Island, $170 Designated Area, $190 Restricted Zone (sheltered: multi-storey, basement, deck). Industrial-park multi-storey car parks: $110 / $120. Which zone this car park is in is not published as data.

Nearest URA season parking: Service Rd (Choa Chu K Ang Ave 1), 2.1 km away, S$90/month.

Public car parks only, by straight-line distance, with the operator's published rates. Bukit Panjang Plaza's own car park, if it has one, and its charges are not in the open data.

13

Who's registered at Bukit Panjang Plaza?

Key takeaway9 live companies (and LLPs and branches; sole proprietors are not counted) list Bukit Panjang Plaza as their registered address. These are registered businesses, not who occupies the space.
  • Accommodation and food services
    4
  • Other services
    3
  • Manufacturing
    1
  • Professional, scientific and technical services
    1
  • Wholesale and retail trade
    0

Registered businesses, not who occupies the space: companies, LLPs and branches whose REGISTERED address is this building (ACRA), by industry. Sole proprietors are not counted; no business is named. ACRA, as of 2026-09-16.

14

Frequently asked questions about Bukit Panjang Plaza

Where is Bukit Panjang Plaza?⌄

Bukit Panjang Plaza is at 1 Jelebu Road, Singapore 677743, in the Bukit Panjang planning area.

What is Bukit Panjang Plaza zoned as?⌄

Bukit Panjang Plaza sits on land zoned commercial under the URA Master Plan.

What is the tenure of Bukit Panjang Plaza?⌄

Bukit Panjang Plaza is leasehold. About 67 years remain on the lease.

What have units at Bukit Panjang Plaza sold for?⌄

Across 94 recorded transactions, the median price is S$2,027 psf. The latest was in January 2026.

What is the nearest MRT station to Bukit Panjang Plaza?⌄

Bukit Panjang LRT is the closest, 303 m away (about a 5-minute walk).

How many businesses are registered at Bukit Panjang Plaza?⌄

19 businesses are currently registered at this address with ACRA. That is a measure of registered addresses, not of how many businesses physically occupy the building.

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