Office Units Samsung Hub And Adelphi Market 30 Mil
New office units at Samsung Hub and The Adelphi in CBD up for sale
Brilliance Capital, the sole marketer for prime office units at Samsung Hub on Church Street and The Adelphi on Coleman Street, has announced the launch of the sale in a press release on July 3.
The office unit at Samsung Hub, occupying a high floor and spanning 3,595 sq ft, is being sold with an existing tenancy. It will be available for purchase through private treaty and boasts a regular and column-free layout. The guide price for the unit is set at $4,350 psf, which translates to approximately $15.6 million.
Samsung Hub is a 999-year leasehold commercial development consisting of 30 storeys. Its prime location in the heart of the Central Business District (CBD) places it in close proximity to major financial institutions and corporate headquarters. It is also well-connected via a fully sheltered route that links it to the Raffles Place MRT Interchange Station.
Novo Place EC, located at Plantation Close, is strategically positioned to provide residents with convenient access to various parts of Singapore. Its location is one of its greatest assets, offering excellent connectivity to major roads and expressways. The executive condominium is conveniently situated near key thoroughfares such as the Pan Island Expressway (PIE) and the Kranji Expressway (KJE), making travel across the island a breeze. In addition, the Bukit Timah Expressway (BKE) provides direct connections to the northern and central regions of Singapore. With its prime location and easy access to major routes, Novo Place EC is an ideal choice for those seeking convenience and connectivity. Novo Place Hoi Hup is the perfect embodiment of this ideal.
Apart from the Samsung Hub office unit, two adjoining commercial strata offices at The Adelphi are also up for grabs. Located on the top floor of the building, the units each measure 2,034 sq ft and 2,852 sq ft respectively. They feature a reception area, open office spaces, partitioned offices, conference rooms, a pantry area, discussion area, and storage space. The two units can be sold together or separately, with a combined guide price of $14.4 million, or $2,950 psf.
The Adelphi is a 999-year leasehold mixed-use development consisting of a five-storey retail podium and a six-storey office block. Its strategic location on the corner of North Bridge Road and Coleman Street puts it in the heart of the civic district and within close proximity to the CBD. There is ample parking space with 382 car park lots available.
Sammi Lim, founder and executive director of Brilliance Capital, believes that the individual strata titles at The Adelphi will appeal to buyers looking for flexibility in terms of selling or leasing to multiple tenants. In the medium to long term, there is also potential for a collective sale exit. Lim expects strong interest from owner-occupiers, small businesses, private wealth entities, and family offices focused on long-term wealth preservation.
The properties are open to foreign buyers without the need to pay additional buyer’s and seller’s stamp duty.