Rail Mall owners seeking buyers

Singapore

RAIL Mall, a stretch of shopping and dining outlets in a rustic part of Upper Bukit Timah Road, has been put on the market.

Besides 43 road-fronting units, the 105,561 sq ft site also comes with 95 carpark lots.

Ku Swee Yong, chief executive of International Property Advisor, said the development could be worth S$30 million, or about S$300 psf of land area.

According to newspaper advertisements put up last week, it has a lettable floor area of 49,766 sq ft and comes with 28 years le…