53 Annual Report 2024 BUKIT PANJANG PLAZA Bukit Panjang Plaza is located in the residential area of Bukit Panjang, in the north-western region of Singapore. The mall is adjacent to Bukit Panjang Integrated Transport Hub, which incorporates an air-conditioned bus interchange with Bukit Panjang MRT station and LRT station. Besides the surrounding estates, the mall also serves residents from the precincts of Teck Whye, Choa Chu Kang and Upper Bukit Timah. As at 31 December 2023 2024 Valuation (S$ million) 360.0 389.0 Gross Floor Area (sq ft) 247,500 247,500 Net Lettable Area¹ (sq ft) 164,500 164,500 Number of Tenants 120 110 Other Assets (Bugis+ and Bukit Panjang Plaza) Committed Occupancy (%) 99.5 100 Gross Revenue2 (S$ million) 61.1 63.4 Trade Mix3 (%) Food & Beverages 40.8 Supermarket 17.4 Beauty & Health 15.1 Education 5.9 Jewellery & Watches 4.1 Services 3.6 Fashion & Accessories 3.4 Digital & Appliance 3.2 Books, Stationery & Gifts/ 2.7 Hobbies/ Sports Home & Living 1.9 Shoes & Bags 1.9 Property Information Address 1 Jelebu Road Land Tenure Leasehold tenure of 99 years with effect from 1 December 1994 Purchase Price in 2007 S$161.3 million Carpark Lots 329 Bicycle Lots 60 Green Rating BCA Green Mark GoldPLUS Lease Expiry Profile3 (%) 16.9 27.1 2.1 17.8 1.2 34.9 2025 2026 2027 2028 2029 2030 and beyond Major Tenants4 National Library Board NTUC Enterprise Co-Operative Ltd Pan Pacific Retail Management (Singapore) Pte Ltd 1 Includes CSFS area. 2 Gross revenue comprises gross rental income, car park income and other income for the respective financial year. 3 As at 31 December 2024, based on committed gross rental income which excludes gross turnover rent. 4 Based on gross rental income for the month of December 2024 which excludes gross turnover rent.
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