ETC has announced the sale by tender of a prime freehold 11-storey commercial building located on Tras Street in Singapore’s Central Business District (CBD). The tender is set to close on 26 June 2025 at 3pm. This property, occupying a corner plot with main street frontage, offers a site area of 619.5 sq m and a gross floor area of 3,606.34 sq m. The guide price is $64.8 million (S$88.8 million), equating to $1,670 per sq ft (S$2,288 per sq ft).
The building is open to both local and foreign buyers and is not subject to Additional Buyer’s Stamp Duty or Seller’s Stamp Duty, as it is zoned for commercial use under the Master Plan 2019. Swee Shou Fern, Head of Investment Advisory at ETC, highlighted the rarity of such opportunities, stating, “Office buildings in prime central locations with a price quantum of under $109.5 million (S$150 million) are well-sought after but rarely available for sale.”
The property boasts excellent connectivity, being just 300 metres from Tanjong Pagar MRT Station and near major expressways. The area is rich in amenities, including retail outlets, restaurants, and hotels. The building’s versatility allows for various uses, such as a corporate headquarters or an investment asset.
With Singapore’s CBD undergoing transformation into a vibrant mixed-use district, the property presents significant potential for future development and investment.
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