Huttons Asia has announced the sale of a commercial building located at 45 Middle Road, Singapore, through an expression of interest (EOI) exercise, with a guide price set at S$80m. The six-storey property, boasting a 999-year leasehold tenure from 1835, spans approximately 25,493 square feet, translating to about $3,138 per square foot.
Situated in the vibrant Beach Road-Bugis precinct, the building offers a unique opportunity to acquire a substantial asset in a tightly held market. The property’s prominent frontage along a two-way street enhances its visibility and potential for building naming and signage. It is surrounded by notable landmarks such as Raffles Hotel, National Gallery Singapore, and Suntec City, and is conveniently accessible via Bugis, Bras Basah, and City Hall MRT stations.
Yeo Khee Liang, Associate Senior Marketing Director at Huttons Asia, highlighted the property’s strategic location and potential for adaptive reuse. “This is a well-timed opportunity where site scarcity converges with major district rejuvenation plus evolving URA planning policies for hospitality use,” he stated.
The building is not subject to Additional Buyer’s Stamp Duty or foreign ownership restrictions, making it an attractive proposition for investors. Lee Sze Teck, Senior Director of Data Analytics at Huttons Asia, noted the potential for renovation and repositioning, suggesting uses such as office space or hospitality. The EOI exercise will conclude on 7 December 2026 at 3:00 PM.
