CommercialRESIDENTIAL999-year leaseholdDistrict 10 · Bukit Timah

Ridgewood

Reviewed by Nathan TangUpdated 8 November 2026Data through May 2015

Quick Summary

Ridgewood is a commercial building in District 10 · Bukit Timah, on land zoned RESIDENTIAL under the URA Master Plan with a gross plot ratio of 2.1. It is 999-year leasehold. 1 transaction is on record since 1995, most recently in May 2015. ACRA records 6 live company registrations at this address.

The facts are here — now get the verdict on Ridgewood.

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What are the key facts about Ridgewood?

Key takeawayRidgewood is a commercial building in District 10 · Bukit Timah, zoned RESIDENTIAL, held 999-year leasehold.

Asset class: Commercial
Land-use zone: RESIDENTIAL
Gross plot ratio: 2.1
Tenure: 999-year leasehold
District / Area: District 10 · Bukit Timah
Address: 5 Ridgewood Close
Land area: 62,444 sqm
Completed: Not on record
Storeys: Not on record
Submarket: City Fringe
Transactions on record: 1 (records start 1995)
Live listings: None
ACRA registrations: 6

About Ridgewood

Ridgewood is a mixed-use building in Bukit Timah (District 10). It is located along Ridgewood Close, Singapore 276696.

Under the URA Master Plan it sits on land zoned residential with a gross plot ratio of 2.1.

The site is 999-year leasehold, with about 858 years remaining on the lease. It occupies roughly 62,444 sqm of land with about 131,132 sqm of gross floor area.

1 transaction has been recorded here, at a median of S$1,976 psf. The most recent was in May 2015.

10 businesses are currently registered at this address with ACRA.

The nearest MRT is Dover MRT, 581 m away (about a 9-minute walk). The closest bus stop (Bef Mt Sinai Dr) is 144 m away (about a 2-minute walk).

What is Ridgewood zoned as?

Key takeawayRidgewood sits on land zoned RESIDENTIAL with a gross plot ratio of 2.1.

Land-use zone: RESIDENTIAL
Gross plot ratio: 2.1

Run the full zoning report for this building →

What has Ridgewood sold for?

Key takeaway1 transaction is on record since 1995, most recently in May 2015 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
May 2015	Retail	S$1.85M	936 sqft	$1,976

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

What does space at Ridgewood rent for?

Key takeawayNo street- or building-level rent is published here. Across District 10 retail, retail space rented at a median of $15.77 psf a month in 2026Q3, with the middle half of leases between $10.99 and $17.07. That is not this building's own rent, and never a quote for a particular unit.

Retail space — District 10 retail

Region band · 2026Q3

25th pct

$10.99

$118.27 psm

Median

$15.77

$169.72 psm

75th pct

$17.07

$183.73 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 10 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).

Market context around Ridgewood

Key takeawayBrokers' retail figures for this part of Singapore — a broker's market figure, not this building's rent.

CBRE, 2Q 2026 (island-wide)

Islandwide: Rent S$28.15 psf/mth

Singapore Figures Q2 2026

Cushman & Wakefield, 2Q 2026

Other City Areas: Rent S$21.21 psf/mth · Vacancy 7.4% (1Q 2026) · Planned / under construction 0.73m 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.

What's been approved at Ridgewood?

Key takeawayURA has approved 10 changes of use at Ridgewood 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.

31 Jul 2026Renewed
Continued use as restaurant
Continued use of shop unit #01-XX as restaurant at ridgewood condominium
29 Apr 2026Approved
Change of use to restaurant
Proposed change of use of unit #01-XX to restaurant
28 Apr 2026Renewed
Continued use as gourmet shop with sale of take-away food
Continued use of shop unit #g3 (upper ground floor) as gourmet shop with sale of take-away food (involving ancillary preparation and cooking/baking area)
19 Aug 2024Renewed
Continued use as restaurant
Continued use of shop unit g6 (upper ground floor) as restaurant
19 Aug 2024Approved
Change of use to restaurant
Proposed change of use of shop unit #01-XX to restaurant at ridgewood condominium
15 Sept 2023Renewed
Continued use as student care centre
Continued use of unit #01-XX as student care centre
5 Jul 2023Renewed
Continued use as gourmet shop with sale of take-away food
Continued use of shop unit #g3 (upper ground floor) as gourmet shop with sale of take-away food (involving ancillary preparation and cooking/baking area)
30 Nov 2022Renewed
Continued use as restaurant
Continued use of shop unit #01-XX as restaurant at ridgewood condominium
27 Aug 2021Renewed
Continued use as restaurant
Continued use of shop unit g6 (upper ground floor) as restaurant
12 Jul 2021Renewed
Continued use as student care centre
Continued use of unit #g4 mini-market as student care centre
25 Jun 2020Renewed
Continued use as gourmet shop with sale of take-away food
Continued use of shop unit #g3 (upper ground floor) as gourmet shop with sale of take-away food (involving ancillary preparation and cooking/baking area)
4 Nov 2019Renewed
Continued use as student care centre
Continued use of unit #g4 mini-market as student care centre

28 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).

What do commercial rents run near Ridgewood?

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

Indicative area yield — District 10 retail

Gross yield (area)

4.2%

3.8% net of property tax

Rent side (median of bands)

$169.72 psm/mo

2026Q3

Price side (strata, 5y)

$4,533 psf

34 sales

An INDICATIVE AREA yield for District 10 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 10 ($ psm/month, 2026Q3)

Floor level · size band	25th pct	Median	75th pct
Level 1 · 30 & Below	$328.53	$418.19	$451.58
Level 2 & 3 · 30 & Below	$155.00	$169.72	$183.73
Level 2 & 3 · >30 - 100	$141.55	$202.35	$215.19
Level 1 · >30 - 100	$118.27	$184.62	$215.15
Level 1 · >100 - 300	$80.00	$110.62	$158.42
Level 2 & 3 · >100 - 300	$90.05	$135.62	$146.17
Level 2 & 3 · >300	$93.68	$99.85	$147.67

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.

What is near Ridgewood?

Key takeawayThe nearest MRT/LRT is Dover MRT, about 581 m away — and 2 competing retail premisess operate nearby.

Getting around

Dover MRT581 m · ~9 min

Amenities nearby

Ridgewood Medical Clinic · 11 mBef Mt Sinai Dr · 144 mMount Sinai Plain Pg · 259 mEducational Institution · 494 mDover MRT Exit B · 550 mPlace Of Worship · 947 mBusiness Park - White · 1.3 km

Competing premises nearby

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

Yeo Keng Guan · 0 mBlk 353 Clementi Ave 2 · 927 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Ridgewood

Key takeawayThe nearest station is Dover (EW22), 550 m away — a moderately busy station, with about 25,000 taps in and out on an average weekday. No public car park we hold is within 500 m; the nearest is Blk 349-355 Clementi Avenue 2 (HDB), 931 m away; the nearest URA season parking is Pasir Panjang Garden A Rea, 2.0 km away (S$90/month).

Foot traffic: busier than 2% of retail buildings

nearest MRT/LRT Dover (EW22) 550 m, about 25,000 taps a weekday; bus stops within 400 m: 7, about 2,524 taps a weekday; Bukit Timah: 21,362 resident workers (Census 2020, by workplace); about 21,000 residents within 1 km (June 2026); 0 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

Dover (EW22)550 m · about 25,000 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 Ridgewood. Transfers between lines don't tap, so interchanges read low.

Bus

7 bus stops within 400 m, with 2,524 boardings and alightings on an average weekday.

Who's registered at Ridgewood?

Key takeaway6 live companies (and LLPs and branches; sole proprietors are not counted) list Ridgewood as their registered address. These are registered businesses, not who occupies the space.

Accommodation and food services
5
Education
1
Health and social services
0
Wholesale and retail trade
0
Transportation and storage
0
Information and communications
0
Administrative and support services
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.

Frequently asked questions about Ridgewood

Where is Ridgewood?⌄

Ridgewood is at 5 Ridgewood Close, Singapore 276696, in the Bukit Timah planning area.

What is Ridgewood zoned as?⌄

Ridgewood sits on land zoned residential under the URA Master Plan, with a gross plot ratio of 2.1.

What is the tenure of Ridgewood?⌄

Ridgewood is 999-year leasehold. About 858 years remain on the lease.

What have units at Ridgewood sold for?⌄

Across 1 recorded transaction, the median price is S$1,976 psf. The latest was in May 2015.

What is the nearest MRT station to Ridgewood?⌄

Dover MRT is the closest, 581 m away (about a 9-minute walk).

How many businesses are registered at Ridgewood?⌄

10 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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This development is also registered as the residential project Ridgewood.

Read the figures right

Year of completion is not on record for this building. Building age cannot be stated.

Submarket: PropKaki's own map from URA's planning subzones (CBD core, City Hall / Bugis, Orchard, city fringe, regional centres, suburban). Brokers draw these lines differently.

Changes of use: URA planning approvals recorded at this building since 2000 (any unit; renewals of a temporary permission not counted). History only — Past approvals are not today's approved use; check with URA's approved-use enquiry before signing. Never say a use is allowed, permitted or approved for a unit, and never say a use would be approved.

Station taps: average weekday fare-card taps in and out at the nearest MRT/LRT station (LTA DataMall). People passing the station's gates, not people visiting this building.

Foot-traffic score: PropKaki's relative score from nearby MRT and bus taps, workers and residents around (and, for retail, competing malls), ranked against buildings of the same kind. A percentile, not a count of people.

Company REGISTRATIONS at this address (ACRA), not a tenancy schedule. Registration does not mean the company physically occupies space here, and a low count does not mean the building is empty. Do not describe this as occupancy or vacancy.

Unbuilt GFA cannot be computed here — it needs BCA built-GFA, which covers about 5% of commercial buildings and no industrial ones. Zoning and plot ratio are on record; headroom is not.

Reviewed by Nathan Tang

Nathan Tang has over 10 years of property experience across condominiums, HDB flats and commercial property, specialising in property research and finance.

Figures draw on URA and JTC records, URA Master Plan zoning, ACRA registrations and live commercial-portal listings; building facts from PropKaki's submarket map, URA planning decisions, HDB car park information (data.gov.sg), LTA DataMall passenger volumes, PropKaki's foot-traffic model — see our methodology. Last updated 8 November 2026. For general information, not financial advice.

Getting there and parking: LTA DataMall passenger volumes and car parks, URA Data Service car park rates, HDB and JTC car park information (data.gov.sg) and HDB's published parking charges, Census of Population 2020 and the Singapore Department of Statistics' June 2026 resident population (Singapore Open Data Licence). The foot-traffic score is PropKaki's own relative model, not a count.

Market context: figures cited from CBRE Research (Singapore Figures) and Cushman & Wakefield (Singapore MarketBeat), each with its quarter and report; flexible-workspace centres from the operators' public location lists; collective sales from marketing agents' announcements and news reports, each linked.

Rents: URA rental statistics for office and retail space by street (IRAS-stamped contracts), JTC J-SPACE rentals by building and by street, JTC price tenders, and URA REALIS rental grids. SLA tender results and JTC posted land rents are held for state and JTC land.