Office units at Samsung Hub and The Adelphi on the market for $30 mil

By Nur Hikmah Md Ali

/ EdgeProp Singapore |

July 3, 2024 1:41 PM SGT

Two adjoining commercial strata office units at The Adelphi have been put up for sale at $14.4 million (Photo: Brilliance Capital)

SINGAPORE (EDGEPROP) - A prime office unit at Samsung Hub on Church Street and two office units at The Adelphi on Coleman Street have been put up for sale, according to sole marketer Brilliance Capital in a July 3 press release.

The Samsung Hub office unit is located on a high floor and occupies 3,595 sq ft. The unit will be sold with existing tenancy and is available on a private treaty basis. The office space features a column-free and regular layout. It has a guide price of $4,350 psf, or about $15.6 million.

Samsung Hub is a 999-year leasehold commercial development comprising 30 storeys. Located within the CBD, the office is near major financial institutions and corporate headquarters. It also has a fully sheltered route linking it to Raffles Place MRT Interchange Station.

A high-floor office unit at Samsung Hub is up for sale at $4,350 psf (Photo: Brilliance Capital)

The two adjoining commercial strata office units at The Adelphi are located at the top floor of the building. The units measure 2,034 sq ft and 2,852 sq ft. They feature a reception area, an open office space, partitioned offices, conference rooms, a pantry area, discussion area and storage space. The units have a combined guide price of $14.4 million, or $2,950 psf. They can be sold together or separately.

The Adelphi is a 999-year leasehold mixed-use development comprising a five-storey retail podium and a six-storey office block. It is located at the corner of North Bridge Road and Coleman Street, in the heart of the civic district and close to the CBD. The building has ample parking space of 382 car park lots.

Sammi Lim, founder and executive director of Brilliance Capital, says that the individual strata titles at The Adelphi offer flexibility for buyers to sell on a piecemeal basis or lease to multiple tenants.

“In the medium to long term, there may also be potential for a collective sale exit. We expect keen interest from owner-occupiers, discerning small businesses, private wealth entities, and family offices focused on long-term wealth preservation,” she adds.

Both properties are eligible for foreigners to purchase without paying additional buyer’s and seller’s stamp duty.

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