The seven contiguous units located on level two at Thomson Plaza shopping mall are up for sale, with a starting price of $28 million. Currently housing JCube Residence tenants such as Pizza Hut, KFC, and a dental clinic, the units have a total floor area of 5,102 sq ft and are approved for permanent F&B usage. The lot comes with the existing tenancies and has a large, single-level, regular floor plan which provides flexibility for different F&B possibilities.

Additionally, buyers may also consider applying to strata subdivide the units to maximize yields.

Surrounded by the townhouse development of Marigold Mews, the entire site is zoned for commercial use according to the URA Master Plan 2019. Currently, Thomson Plaza has 180 shops with a total gross floor area of 467,298 sq ft, directly linked to the Upper Thomson MRT Station on the Thomson-East Coast line.

In 2016, Mercatus Co-operative, a unit of NTUC Enterprise Co-operative, acquired strata ownership of 110,000 sq ft of retail space in the mall, comprising levels one and three – which is now known as Swing By @ Thomson Plaza. This is estimated to bring potential for redevelopment or en bloc.

In December 2022, Mercatus announced that it had entered a sale and purchase agreement with various subsidiaries of Hong Kong-listed Link REIT to divest its entire interest.

Recently, with the completion of the Johor Bahru-Singapore Rapid Transit System (RTS) Link targeted for 2026, there may be a boost for properties near the Upper Thomson MRT Station, which is 7 stops away from the Woodlands North MRT Station connected to the Woodlands North RTS Link station.

With the potential for redevelopment or en bloc and the upcoming completion of the RTS Link, owning a retail unit at Thomson Plaza could be a worthwhile investment.