ETC has announced the sale of 51 Merchant Road, a standalone modern commercial building with annexed conservation shophouses, for $98m (S$135m). This unique property, located in one of Singapore’s vibrant riverside precincts, combines heritage charm with modern flexibility. Interested parties are invited to submit an Expression of Interest by 9 July 2025.
Occupying a site area of approximately 27,669 sq ft, 51 Merchant Road boasts a gross floor area of around 71,111 sq ft. The property, zoned for commercial use under Master Plan 2019, features a 4-storey main building with prominent frontage along Merchant Road and annexed shophouses that enhance its architectural appeal. A basement car park adds convenience for occupants and visitors.
Swee Shou Fern, Head of Investment Advisory at ETC, highlighted the property’s potential: “51 Merchant Road is a rare commercial gem, offering multiple pathways in terms of use—whether as a corporate headquarters, an investment asset with rental income, or a redevelopment or asset enhancement opportunity.” She noted the property’s excellent connectivity and abundance of nearby amenities.
The building’s strategic location, just 300-400 metres from Clarke Quay and Fort Canning MRT stations, ensures superb connectivity. Nearby major expressways, including the Ayer Rajah Expressway and Central Expressway, further enhance accessibility.
With the ongoing rejuvenation of the riverfront precinct and nearby developments like Union Square and CanningHill Piers, the successful buyer is expected to benefit from increased footfall and long-term value uplift in the area.
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