CommercialRESIDENTIALLeaseholdDistrict 23 · Bukit Panjang

The Rail Mall

Reviewed by Nathan TangUpdated 10 August 2026Data through Jun 2024
Quick Summary

The Rail Mall is a commercial building in District 23 · Bukit Panjang, on land zoned RESIDENTIAL under the URA Master Plan. It is leasehold with roughly 20 years remaining. 1 transaction is on record since 1995, most recently in Jun 2024. ACRA records 0 live company registrations at this address.

1

What are the key facts about The Rail Mall?

Key takeawayThe Rail Mall is a commercial building in District 23 · Bukit Panjang, zoned RESIDENTIAL, held leasehold.
Asset class
Commercial
Land-use zone
RESIDENTIAL
Gross plot ratio
Landed housing area
Tenure
Leasehold
District / Area
District 23 · Bukit Panjang
Address
380,382,384 Etc Upper Bukit Timah Road
Land area
7,177 sqm
Transactions on record
1 (records start 1995)
Live listings
None
ACRA registrations
0
2

About The Rail Mall

The Rail Mall is a mixed-use building in Bukit Panjang (District 23). It is located along Etc Upper Bukit Timah Road, Singapore 678040.

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

The site is leasehold, with about 20 years remaining on the lease. It occupies roughly 7,177 sqm of land.

1 transaction has been recorded here, at a median of S$744 psf. The most recent was in June 2024.

The nearest MRT is Hume MRT, 366 m away (about a 6-minute walk). The closest bus stop (Bef Hume Stn Exit 2) is 125 m away (about a 2-minute walk).

3

What is The Rail Mall zoned as?

Key takeawayThe Rail Mall sits on land zoned RESIDENTIAL.
Land-use zone
RESIDENTIAL
Gross plot ratio
Landed housing area

URA has not published a fixed plot ratio for this site — the Master Plan records "LND" (Landed housing area), 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 Do not quote a plot ratio, and do not compute buildable GFA from it.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 →

4

What has The Rail Mall sold for?

Key takeaway1 transaction is on record since 1995, most recently in Jun 2024 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Jun 2024Shop HouseS$78.50M105,563 sqft$744

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.

5

What do commercial rents run near The Rail Mall?

Key takeawayURA publishes contracted-rent percentile grids quarterly (latest: 2026Q2) — the benchmark evidence an asking rent should be weighed against.

Indicative area yield — District 23 retail

Gross yield (area)
8.3%
7.5% net of property tax
Rent side (median of bands)
$223.62 psm/mo
2026Q2
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, 2026Q2)

Floor level · size band25th pctMedian75th pct
Level 1 · 30 & Below$217.43$258.33$409.02
B1 & Below · 30 & Below$426.37$606.36$660.99
B1 & Below · >30 - 100$166.59$191.19$276.37
Level 1 · >30 - 100$175.38$223.62$277.64
Level 2 & 3 · >30 - 100$304.63$312.50$351.45
Level 2 & 3 · >100 - 300$109.86$166.97$213.74
Level 1 · >300$102.88$140.80$182.81

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.

6

What is near The Rail Mall?

Key takeawayThe nearest MRT/LRT is Hume MRT, about 366 m away — and 2 competing retail premisess operate nearby.

Getting around

Amenities nearby

Fuyong Interim Pk · 75 mBef Hume Stn Exit 2 · 125 mHealthcare Medical @ Rail Mall · 218 mHume MRT Exit 1 · 304 mPlace Of Worship · 335 mEducational Institution · 376 mHillview Community Club · 638 m

Competing premises nearby

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

Cold Storage Singapore (1983) Pte Ltd · 274 mHillV2 · 704 m

Straight-line distances. Source: PropKaki amenities data.

7

How many companies are registered at The Rail Mall?

Key takeawayACRA records 0 live company registrations at this address.
Live registrations
0
Registered last 3 years
0

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.

8

Frequently asked questions about The Rail Mall

Where is The Rail Mall?

The Rail Mall is at 380,382,384 Etc Upper Bukit Timah Road, Singapore 678040, in the Bukit Panjang planning area.

What is The Rail Mall zoned as?

The Rail Mall sits on land zoned residential under the URA Master Plan.

What is the tenure of The Rail Mall?

The Rail Mall is leasehold. About 20 years remain on the lease.

What have units at The Rail Mall sold for?

Across 1 recorded transaction, the median price is S$744 psf. The latest was in June 2024.

What is the nearest MRT station to The Rail Mall?

Hume MRT is the closest, 366 m away (about a 6-minute walk).

For agents · in the PropKaki app

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