SINGAPORE: Brilliance Capital announced the sale of prime office units at 2 prestigious developments: Samsung Hub and The Adelphi that offer exceptional opportunities for investors and businesses looking to establish a presence in Singapore’s most sought-after commercial areas.
Samsung Hub is considered one of the most coveted office spaces in Singapore that is available for strata purchase comes with a 999-year tenure and is an impressive 30-storey commercial development situated prominently in Singapore’s Central Business District.
As a focal point of the CBD, Samsung Hub is equidistant from key areas such as the Orchard Road Shopping Belt and the Bugis-Rochor burgeoning arts, cultural, and rejuvenated business district.
Strategically located in the heart of the bustling financial district, Samsung Hub offers unparalleled access to major financial institutions, corporate headquarters, and a diverse array of dining and retail options.
The office floors are occupied by a broad spectrum of businesses, including multinational corporations, financial service firms, legal practices, and technology companies, making it a dynamic hub for commercial activity.
Located on the high zone floors at Samsung Hub, this 3,595 square feet office unit is sold with existing tenancy and available on a private treaty basis, with a guide price of S$4,350 per square foot.
Meanwhile, The Adelphi is an iconic 10-storey mixed-use development comprising a five-storey retail podium with a six-storey office block. It is located in the heart of the Civic District and within the Business and Financial Centre of Singapore, as well as the burgeoning Arts, Cultural, and Rejuvenated District.
The office floors are characterised by occupiers in a diverse range of businesses, including corporate offices, law firms, and corporate secretarial companies, among many others.
The advantageous location of The Adelphi places it in proximity to several prominent shopping and recreation destinations.
Enjoying the benefits of a prime location in a bustling commercial district, The Adelphi offers a dynamic blend of commercial, cultural, and hospitality offerings, ensuring high visibility and footfall for businesses within the retail quadrant, easily accessible to both locals and tourists.
The building also provides ample parking with 382 carpark lots available for its occupants and visitors.
The two subject units, approximately 2,034 square feet and 2,852 square feet, combine to form a contiguous space of approximately 4,887 square feet. They feature ample natural light, expansive views of St Andrew’s Cathedral and North Bridge Road, a reception area, open office space, partitioned offices, conference rooms, a pantry area, discussion areas and storage space. The combined guide price for these units is S$14.4 million, translating to approximately S$2,950 psf. These units are available for sale individually or collectively.
Brilliance Capital Pte Ltd Founder and Executive Director, Sammi Lim commented, “Samsung Hub has always been an extremely sought-after office asset where demand exceeds supply. The ownership and tenant profiles are unparalleled, making it the ideal choice for businesses seeking a prestigious address with strong neighbours.
“We have also witnessed significant capital appreciation of sale prices over the past 10 years, and this is expected to continue for a scarce commodity that offers a 999-year tenure, which is akin to freehold. This property represents an exceptional opportunity for companies looking to establish or expand their presence in Singapore’s most dynamic commercial hub,” she said.
Lim further added, “The offering of two adjoining corner units at The Adelphi is particularly compelling in today’s market. Also featuring a 999-year tenure and a strategic location, these units benefit from superb public transportation links. We anticipate strong interest from both investors and owner-occupiers. This is an excellent opportunity for owner-occupiers to acquire an ideally sized office asset in a highly sought-after location.”
With the limited availability of quality freehold and 999-year office properties, along with the convenient accessibility offered by both The Adelphi and Samsung Hub, it is expected to have robust potential for capital and rental appreciation.
