ETC has announced the sale of 15 Phillip Street, a near-freehold commercial building located in the heart of Raffles Place, Singapore’s Central Business District, at a guide price of S$91m Interested buyers are invited to submit their Expression of Interest by 25 November 2026.
The 10-storey building, which includes a coffee shop on its lower floors, is zoned for commercial use under Master Plan 2025, with a plot ratio of 15 and a building height control exceeding 50 storeys. Notably, the property is exempt from the Urban Redevelopment Authority’s restrictions on strata subdivision, allowing for potential future redevelopment and strata sale.
Swee Shou Fern, Head of Investment Advisory at ETC, highlighted the strong demand for strategically located assets in Singapore’s active office investment market. “Such prized assets are tightly held and there is hardly any available for sale at under S$100 million. 15 Phillip Street sits within this niche space, offering a near-freehold asset in the heart of Raffles Place,” she stated.
The property is surrounded by prominent commercial buildings and offers easy access to Raffles Place MRT interchange and Telok Ayer MRT station. With no Additional Buyer’s Stamp Duty and no restrictions on foreign ownership, the building presents an attractive opportunity for companies looking to establish a corporate presence in a prestigious location.
The sale of 15 Phillip Street underscores the ongoing interest in Singapore’s commercial real estate market, with potential for asset enhancement or redevelopment to optimise its unutilised gross floor area.
