148 views
Photo from CBRE.

Five-storey office building with 999-year tenure up for sale

The indicative price for the property is $120m.

A corner standalone five-storey office building in 51 Club Street with a 999-year tenure is up for sale with an indicative price of $120m or around $4,155 per square foot.

In a statement, CBRE said the property with a gross floor area of 28,876 square feet has premium-grade office specifications such as a passenger lift for all floors, and a private parking facility with five slots.

The property is also well connected to other parts of Singapore via public and private stations as it is only within walking distance to Telok Ayer and Tanjong Pagar MRT stations, and Chinatown MRT Interchange. By car, it can be reached through Central Expressway, Marina Coastal Expressway, and Ayer Rajah Expressway.

READ MORE: Meyer Park relaunched for sale with a reserve price of $420m 

“Freehold / 999-year boutique office buildings, with a palatable investment quantum of approximately $120 million within the CBD, are rarely made available. These assets are highly sought after by a wide range of buyers such as family offices, boutique real estate funds, corporates, and high-net-worth individuals,” said Michael Tay, head of capital Markets, Singapore, CBRE. 

“51 Club Street represents a once-in-a-generation opportunity for investors and owner-occupiers, to acquire a freehold equivalent trophy office building located within the heart of the CBD bearing a prestigious address,” he added.

Foreigners and corporates may buy the property with no additional buyer’s stamp duty or seller’s stamp duty, CBRE said.

The Expression of Interest exercise for the sale of the property will close on 22 November 2022 at 3 pm.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!