Singapore, 13 May 2025 – ETC (宜迪产业咨询公司), as the sole marketing agent, is pleased to launch for sale by tender a freehold 11-storey commercial building strategically located along Tras Street, within Singapore’s Central Business District (CBD).
The tender will close on 26 June 2025 at 3pm.
Positioned prominently on a corner plot with main street frontage along Tras Street, the building occupies a site area of 619.5 sq m (approximately 6,668 sq ft) and has a total gross floor area of 3,606.34 sq m (approximately 38,818 sq ft), reflecting an equivalent plot ratio of 5.82. The subject property also has six carpark lots.
According to 2019 Master Plan, the site is zoned for ‘Commercial’ use with a plot ratio of 5.6 and permissible building height of up to 35 storeys.
The guide price is S$88.8 million, which works out to S$2,288 per sq ft on the gross floor area. Open to both local and foreign buyers, the property 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.
Ms Swee Shou Fern (徐晓芬), Head of Investment Advisory at ETC, says, “Office buildings in prime central locations with a price quantum of under S$150 million are well-sought after but rarely available for sale. Therefore, this is a rare opportunity to acquire a centrally located freehold commercial building in the CBD — complete with naming rights, strong street presence, abundance of amenities in the vicinity and excellent accessibility. The property’s versatility offers multiple pathways in terms of use – whether as a corporate headquarters, an investment asset with rental income, or a redevelopment or asset enhancement opportunity. Notably, as the property lies outside the strata restriction zone, there’s added potential for strata sales post-enhancement.”
There were only two office buildings within the S$150-million quantum that were traded in the last two years. Prinsep House at 31 Prinsep Street was sold to local Lim family which controls Midview Group at S$142 million or S$2,109 per sq ft on its gross floor area in April 2024. Separately, Liberty House at 51 Club Street was sold to Chinese individual Zhang Nie at S$92.2 million or S$3,193 per sq ft on its gross floor area in April 2023.
She adds, “We expect strong interest from end-users, investors and developers, especially as demand for well-located freehold commercial assets continues to outstrip supply amid Singapore’s evolving CBD landscape. The successful buyer will stand to benefit from URA’s ongoing plans to rejuvenate the CBD into a vibrant, 24/7 mixed-use district, with major upcoming developments such as Keppel South Central, Newport Plaza, One Bernam and The Skywaters.”
The property enjoys excellent connectivity, just 300 metres from Tanjong Pagar MRT Station and approximately 400 metres from the upcoming Prince Edward Road MRT Station, slated for completion in 2026. Major expressways such as the Ayer Rajah Expressway (AYE), Central Expressway (CTE), and Marina Coastal Expressway (MCE) are also nearby, offering excellent connectivity.
A wide range of amenities are available in the area — from retail offerings at 100AM, Icon Village and Tanjong Pagar Plaza, to an array of restaurants, cafés, and hawker centres. The neighbourhood also features banks, fitness studios, wellness centres, and established hotels such as Amara Singapore, Oasia Hotel Downtown, and Carlton City Hotel Singapore.
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