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Commercial Directory · Office · District 1

Tong Eng Building

8 sales from Nov 2022 to Dec 2024, at a median $2,959 psf (Nov 2022 to Dec 2024).

District 1 At a glance

Median psf, all sales
$2,959
Sales since Nov 2022
8
Latest sale, Dec 2024
$3,349 psf
Tenure
999-year lease

4 of 5 sellers with a known purchase price sold for more than they paid; the median made 2.6% a year.

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Median psf by year Price trend

YearUnit salesMedian psf
20223$3,001
20231$2,855
20244$3,033

A median moves with which units sold that year (floor, size, ground-floor shops), so a small year can swing.

8 sales Every sale

DateTypeLevelSq ftPricePsfSaleSeller boughtProfitA year
6 Dec 2024Office20463$1,550,000$3,349Resale–––
16 Oct 2024Office221,227$3,862,596$3,148ResaleJan 1996, $2.28M$1.58M1.9%
7 Aug 2024Office10463$1,350,000$2,917Resale–––
20 Jun 2024Office12463$1,250,000$2,701Resale–––
20 Nov 2023Office91,227$3,503,100$2,855ResaleAug 2018, $3.05M$452k2.6%
1 Dec 2022Office23463$1,389,000$3,001ResaleFeb 2005, $330k$1.06M8.4%
21 Nov 2022Office20603$1,206,000$2,001ResaleNov 2022, $2.1M-$894k-100.0%
10 Nov 2022Office20603$2,100,000$3,484ResaleAug 1995, $1.02M$1.08M2.7%

URA Realis caveats via Huttons, to 13 Oct 2026. Sq ft is the strata area. Profit is the sale price less the seller's purchase price, before stamp duty, GST and fees; “a year” is that gain as a yearly rate over the time held. Unit numbers are left out.

Tong Eng Building Questions

How much does a unit at Tong Eng Building cost?

8 unit sales at Tong Eng Building from Nov 2022 to Dec 2024 went for $2,001 to $3,484 psf, a median $2,959 psf on units of 463 to 1,227 sq ft. The latest, in Dec 2024, was $1,550,000 for 463 sq ft ($3,349 psf).

Did sellers at Tong Eng Building make money?

4 of 5 resales where the caveat shows the purchase price sold for more than the seller paid. The median seller made $1.06M, 2.6% a year, before stamp duty, GST, fees and the rent collected while they held it.

What kind of property is Tong Eng Building?

The sales here are office units in District 1 (Core Central Region), most on a 999-year lease title. Commercial units carry no Additional Buyer’s Stamp Duty and cannot be bought with CPF.

Thinking of buying here to rent out? Check the yield and break-even in the Commercial Deal Check.

District 1 Nearby buildings

All 302 buildings