Photo of 45 Middle Road (Source: Huttons Asia)
A commercial building in Middle Road is up for sale via an expression of interest (EOI) exercise at a guide price of $80 million.
The six-storey commercial building has a 999-year leasehold tenure commencing from 1835 and occupies an estimated land area of 5,554 sq ft and a gross floor area of approximately 25,493 sq ft. At a guide price of $80 million, this works out to about $3,138 psf.
Situated within the historic heart of the Beach Road – Bugis precinct, 45 Middle Road presents a distinctive opportunity to secure a substantial, single-owned asset on a 999-year leasehold tenure. Such assets are tightly held and seldom traded, with ownership often spanning decades, underscoring the rarity of this opportunity.
The subject site benefits from prominent frontage along a two-way street, offering strong visibility and opportunities for building naming and signage. It is also surrounded by established landmarks, including Raffles Hotel, National Gallery Singapore, CHIJMES, the National Library and Suntec City. Connectivity is equally compelling, with Bugis, Bras Basah and City Hall MRT stations, within walking distance.
Associate Senior Marketing Director, Yeo Khee Liang of Huttons Asia Pte Ltd, said: “This is a well-timed opportunity where site scarcity converges with major district rejuvenation plus evolving URA planning policies for hospitality use. The combination of tenure, strategic location and adaptive reuse potential positions the asset as a compelling proposition for investors seeking flexibility across multiple redevelopment and asset repositioning strategies.”
Commercial sites are not subject to Additional Buyer’s Stamp Duty (ABSD) or foreign ownership restrictions.
“The site may be an opportunity for renovation and repositioning as office space. Alternatively, buyers may consider repositioning the building for hospitality or the living segment. The co-living sector is growing and the prime central location may attract tenants,” added Lee Sze Teck, Senior Director of Data Analytics of Huttons Asia.
The EOI exercise for 45 Middle Road will close on 7 December 2026 at 3:00 PM.
Source: Huttons Group
