# Middle Road commercial building for sale at $80 mil

- **Source:** EdgeProp Singapore
- **Published:** 2026-10-12T09:34:28.000Z
- **Author:** Atiqah Mokhtar
- **Original:** https://www.edgeprop.sg/property-news/middle-road-commercial-building-sale-80-mil
- **Topics:** Transactions & Deals, Regional Markets

## Featured rationale

Its long tenure, central location and exemption from additional buyer’s stamp duty and foreign ownership restrictions may support investor demand for redevelopment or repositioning into alternative commercial uses.

## AI summary

The 999-year leasehold Foo Ann Building at 45 Middle Road is offered for sale at $80 million, equivalent to $3,138 psf on its 25,493 sq ft GFA.

## Original article

A 999-year leasehold commercial building at 45 Middle Road is up for sale through an expression of interest (EOI) exercise with a guide price of $80 million.

The six-storey property, also known as Foo Ann Building, has a land area of 5,554 sq ft and a gross floor area (GFA) of about 25,493 sq ft.

Based on the GFA, the guide price works out to $3,138 psf. As a commercial property, the asset is not subject to additional buyer’s stamp duty or foreign ownership restrictions.

Read also: Three freehold commercial assets on South Bridge Road, Frankel Avenue for sale at $67 mil

Checks online indicate that levels 1 to 5 of the building currently serve as the campus for Academies Australasia College, an education provider offering programmes ranging from preparatory to degree and postgraduate courses.

Located in the Beach Road-Bugis precinct, the building is close to several landmarks and lifestyle amenities, including the National Library, Raffles Hotel and Bugis Junction. It is also within walking distance of the Bugis, Bras Basah and City Hall MRT stations.

The building’s strategic location, coupled with its 999-year tenure, offers investors a compelling proposition for redevelopment or asset repositioning, commented Yeo Khee Liang, associate senior marketing director at Huttons Asia, in an October release.

Lee Sze Teck, Huttons’ senior director of data analytics, added that buyers could consider converting the building into office, hospitality or co-living spaces.

The EOI will close at 3pm on Dec 7.

## Chinese translation

> Translation model: grok_cli

### Middle Road商业大厦以8000万新币出售

这宗999年租赁地契物业又名Foo Ann Building，总楼面面积约25,493平方英尺。

位于Middle Road 45号的一栋999年租赁地契商业大厦，正通过意向征集（EOI）方式出售，指导价为8000万新币。

这栋六层物业又名Foo Ann Building，占地面积5,554平方英尺，总楼面面积（GFA）约25,493平方英尺。

按总楼面面积计算，指导价折合每平方英尺3,138新币。作为商业物业，该资产不受额外买方印花税或外国人持有限制约束。

另请阅读：位于South Bridge Road、Frankel Avenue的三宗永久地契商业资产以6700万新币出售

网上查询显示，大厦1至5层目前为Academies Australasia College的校园。该教育机构提供的课程涵盖预科以至学位及研究生课程。

大厦位于Beach Road-Bugis一带，邻近多个地标及生活配套，包括国家图书馆、莱佛士酒店（Raffles Hotel）及Bugis Junction，并处于Bugis、Bras Basah及City Hall地铁站的步行距离内。

Huttons Asia协理高级营销总监Yeo Khee Liang在10月的一份新闻稿中评论称，大厦的战略性位置加上999年地契年期，为投资者提供了重建或资产重新定位的具吸引力方案。

Huttons数据分析高级总监Lee Sze Teck补充称，买家可考虑将该大厦改建为办公、酒店或共居空间。

意向征集将于12月7日下午3时截止。