ETC has announced the sale of a prime strata office floor in the Tung Ann Association Building, located on Cecil Street in Singapore’s Central Business District (CBD). The sale, managed by ETC as the sole marketing agent, will be conducted through a tender process closing on 19 June 2025 at 3pm. The property, situated on the fifth floor, offers a strata area of 403 square metres (approximately 4,338 square feet) and is priced at $8.4m (S$11.5m), equating to $1,940 (S$2,651) per square foot.
The office floor benefits from ample natural light and is available to both local and foreign buyers without the imposition of Additional Buyer’s Stamp Duty or Seller’s Stamp Duty. Swee Shou Fern, Head of Investment Advisory at ETC, highlighted the scarcity of such properties, noting that “strata office supply in the Central Area has been significantly constrained since URA’s restriction on strata subdivision in commercial and mixed-use developments in March 2022.”
The Tung Ann Association Building, strategically positioned at the corner of Cecil Street and McCallum Street, offers excellent visibility and proximity to key MRT stations, including Tanjong Pagar, Shenton Way, and Telok Ayer. This location, combined with the rarity of freehold full-floor strata offices in the CBD, makes it an attractive proposition for corporate investors, family offices, and high-net-worth individuals. Shou Fern added that these assets are ideal for those “looking to preserve and grow capital in Singapore’s resilient real estate market.”
The sale of this office floor presents a unique opportunity for owner-occupiers to centralise operations in a strategic CBD location, enhancing space efficiency. With the last transaction in the building recorded in 2010, this offering is a rare chance to acquire a highly sought-after asset in Singapore’s competitive real estate market.
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