Property watchers say the property is unlikely to be redeveloped, even with a new owner, because its 99-year lease expires in 2046. The site's development potential is also limited by its narrow shape.
BT FILE PHOTO
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.