# Binjai Park shop with 999-year leasehold tenure on the market for $4.4 mil

- **Source:** EdgeProp Singapore
- **Published:** 2026-10-13T02:29:28.000Z
- **Author:** Atiqah Mokhtar
- **Original:** https://www.edgeprop.sg/property-news/binjai-park-shop-999-year-leasehold-tenure-market-44-mil
- **Topics:** Commercial & Industrial, New Launches, Transactions & Deals

## Featured rationale

With only around 16 commercial units in the estate, constrained supply may support interest from investors, family offices and owner-occupiers, potentially underpinning shophouse valuations.

## AI summary

A tenanted 1,388 sq ft, 999-year leasehold Binjai Park commercial unit is offered at $4.4 million, or $3,170 psf, through an EOI closing Nov 2.

## Original article

A strata-titled commercial unit in Binjai Park has been launched for sale through an expression of interest (EOI) exercise at a guide price of $4.4 million.

The ground-floor unit has a 999-year leasehold tenure and spans a strata area of around 1,388 sq ft, which means the price works out to $3,170 psf. The unit is part of a three-storey walk-up shophouse that includes residential units on the upper floors.

The walk-up sits along a row of similar shophouses in the Binjai Park residential enclave in Bukit Timah. It is within walking distance of the King Albert Park MRT Station on the Downtown Line.

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The unit up for sale is currently tenanted, according to Huttons Asia, which is handling the sale.

Yeo Khee Liang, associate senior marketing director at the firm, says that commercial units in the Binjai Park estate are rare. “Only around 16 such units are available within the area.”

As a result, he anticipates the property to appeal to a diverse range of buyers. “We expect strong interest from investors and family offices, as well as owner-occupiers such as boutique operators and wellness or education businesses looking for a foothold in this enclave.”

Based on caveats lodged, the last commercial unit to change hands along Binjai Park was a 1,335 sq ft, strata-titled shop that fetched $3.85 million, or $2,884 psf, in November 2024.

Lee Sze Teck, Huttons’ senior director of data analytics, notes that the shophouse segment “continues to attract wealth, underpinned by favourable interest rates, constrained supply and foreign ownership regulations elsewhere in the property market”.

He expects shophouse valuations to be “well-supported over the long term”.

The EOI exercise will close at 3pm on Nov 2.

Check out the latest listings for Bukit Timah properties

## Chinese translation

> Translation model: grok_cli

### Binjai Park一间999年租赁地契商铺以440万新元挂牌出售

该分层地契单位面积约1,388平方英尺，因此价格折合为每平方英尺3,170新元。

Binjai Park一间分层地契商业单位已通过意向表达（EOI）程序推出出售，指导价为440万新元。

该地面层单位拥有999年租赁地契，分层面积约1,388平方英尺，因此价格折合为每平方英尺3,170新元。该单位属于一栋三层无电梯店屋的一部分，其上层设有住宅单位。

这栋无电梯店屋坐落于武吉知马Binjai Park住宅区内一排类似店屋之中，步行即可抵达Downtown Line的King Albert Park地铁站。

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负责此项出售的Huttons Asia表示，待售单位目前已出租。

该公司助理高级营销总监Yeo Khee Liang表示，Binjai Park屋苑内的商业单位十分稀缺。“该区域内仅有约16个此类单位。”

因此，他预计该房产将吸引多元买家。“我们预期投资者和家族办公室将表现出浓厚兴趣，精品店经营者以及希望在这个住宅区立足的养生或教育类企业等自用买家也将如此。”

根据已提呈的交易caveat，Binjai Park沿线最近一次转手的商业单位，是一间1,335平方英尺的分层地契商铺，于2024年11月以385万新元成交，即每平方英尺2,884新元。

Huttons数据分析高级总监Lee Sze Teck指出，店屋板块“继续吸引财富，支撑因素包括有利的利率、供应受限，以及房地产市场其他领域的外资所有权法规”。

他预计店屋估值将“在长期内得到良好支撑”。

该意向表达（EOI）程序将于11月2日下午3时截止。

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