Samsung Hub Singapore Grade A Strata Office Space for Sale

SAMSUNG HUB Singapore – Grade A Strata Office Space for Sale

Samsung Hub Singapore Grade A Strata Office Space for Sale

Rare Opportunity for Investors

One of the Best Investment Sale

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Samsung Hub Singapore Review

Being a tightly held golden goose, once in a blue moon comes the rare opportunity to buy strata office spaces at Samsung Hub.

It is a coveted address among existing and new developments, to Investors and Owner Occupiers, for many grand reasons.

The Samsung Hub Singapore is a remarkable sight with its magnificent iron and steel architecture and luminous curtain wall, prominently situated at the corner of Church Street and Telok Ayer, next to the prestigious Prudential Towers.

The spectacular view matches convenience by offering dual frontages at the Church Street and Telok Ayer Street.

The extensive drop-off points and the double volume lobby, doubles the sense of awe for the visiting guests.

The full height windows providing natural light with panoramic city views enhances the productivity of the brilliant workforce inside.

An overall positive vibe overpowers one and all associated with Samsung Hub Singapore.

Samsung Hub Singapore Latest News

Chinese Chamber Realty is understood to have bought the entire Level 14 of the 999-year leasehold Samsung Hub in Church Street for S$44 million.

This translates to S$3,356 psf on approximately 13,110 sq ft of strata area.

This was a mortgagee sale; the mortgagor, Kyen Resources Pte Ltd, had paid S$39.72 million or S$3,030 psf for the floor in 2014. Kyen Resources is in receivership.

Including the latest deal, Chinese Chamber Realty, which is fully owned by The Financial Board of the Singapore Chinese Chamber of Commerce, owns a total of 11 floors (Levels 22 to 30, and Levels 14 and 15) in the 30-storey building. Chinese Chamber Realty co-developed Samsung Hub, which was completed in 2005.

Based on Savills Singapore data, Singapore office transactions of S$10 million and above in the private sector so far this year have totalled S$1.9 billion. The figure for the whole of last year was S$5.2 billion.

Colliers International’s average monthly rental value for CBD Grade A office space rose 2.3 per cent quarter on quarter to S$9.64 psf in Q1 2019.

For the whole of this year, the group is looking at an 8 per cent increase, moderating from the high base last year, when the rise was 14.9 per cent on the back of tight supply and limited new completion.

Colliers said in its Q1 Singapore office market report: “We expect capital values to trail our projected rent growth, and hence, yields to remain largely stable over 2019-2021.”

In general, global capital still favours gateway cities such as Singapore, it added.

Samsung Hub Singapore Location & Connectivity

Samsung Hub possess the right location for the success of any business with its unique features.

Samsung Hub Singapore is Near to Raffles Place MRT
The Office Tower is near to Raffles Place MRT Interchange Station which is 3 mins walk away
Samsung Hub Singapore is near to Telok Ayer MRT
Another Station Telok Ayer the nearest, is only 150m away 
Samsung Hub Singapore is Near Hawker Centre
Hawker Centre is also close to the Commercial site, its next to Telok Ayer MRT Station 
  • The Samsung Hub is situated along Church Street in Raffles Place, the heart of Singapore’s Central Business District.

  • Raffles Place MRT Interchange Station (200m) and Telok Ayer MRT Station (Downtown line) (150m) are within three minutes walking distances from Samsung Hub.

  • Bus Stations opposite Hong Lim Complex, Telok Ayer Station Exit A, OCBC Centre etc. are some of the closest to Samsung Hub.

  • A host of banks including UOB, OCBC, DBS, Citi Bank, HSBC, Standard Chartered Bank, ANZ Bank, Maybank etc. surrounding Samsung Hub makes it all the more efficient to handle banking transactions swiftly.

  • Cheek by Jowl, Nouri, Anna Lakshmi Restaurant, Tippling Club, Savanh Bistro & Lounge, Restaurant Ibid are some best rated multi cuisine restaurants that could offer business visitors a taste of the best foods in Singapore.

  • Staying business guests could wind up comfortably after a day’s work in nearby Business Class Hotels like Swissotel Merchant Court, ParkRoyal on Pickering, Sofitel Singapore City Centre, Wangz Hotel, Amoy Hotel, Oasia Hotel Downtown etc. which are less than 10 minutes’ walk from Samsung Hub.

  • China Square, Amoy Street Food Centre, Maxwell Food Centre etc. in the vicinity offers cheap, tasty and genuine Singaporean street food that white-collar workers in all of CBD relish.

  • Apartment complexes, lifestyle amenities, educational institutions and recreational centres are available in plenty in close proximity offering the live, work and play environment that every city dweller dream of.

Samsung Hub Singapore Location Map

Samsung Hub Singapore Office Floor Plan

Samsung Hub Singapore Floor Plan & Details

Inaugurated in 2005, Samsung Hub is a 30-storey tower block with a total strata area of 299,753 square feet.

Above the two-storey main lobby, four levels from 3-6 are dedicated for 177 car parks and the next level is devoted to building services.

23 levels up from 8 to 30 provide the tranquil workplace for the bunch of super smart market leaders in a wide range of trades and services.

Its rarest feature is the 999-year leasehold land tenure, which is uncommon in Central Business District.

Equally rare are the unmatched Grade A strata office spaces in the building that are regular in shape with raised floor system and column free layout.

Ample car parking, smart lift systems, central aircon systems and CCTV surveillance add immense value to the splendid building.

Key tenants on this prestigious building include Samsung C&T Corporation, Jones Day, Holman Fenwick Willan etc. that substantiate the reputation of the building.

Samsung Hub is within Central Business District
Samsung Hub is Located within Central Business District

Why Office Investment is lucrative in Singapore

The sentiment for strata offices is quite strong in the property market, especially in CBD and they have been enjoying good demands over the years.

Enthusiastic Investors and End-users throng the new iconic developments and g(old) landmark buildings, keeping the market ever dynamic and buoyant.

While Investors relish lucrative returns, Owners and End-users reap win-win results in their collaboration.

The Church Street Holdings, a Buxani Group and CMG partnership bought six floors in Samsung Hub from Levels 16 through 21 at S$1,560 psf in 2007.

Their prudent investment paid off quick – starting from S$2,800 psf in 2011 to S$3,280 psf in 2014, they sold one to two floors every year, not to mention the rental yield during the holding period.

This classic example of wise investment at Samsung Hub Singapore has prompted many to follow their success model.

Business Centre Regus with its dozen footprint in a kilometer radius, thrives at Level 8 of Samsung Hub offering private office spaces, coworking spaces, meeting rooms, business lounges, virtual office solutions etc. with their professional team of hospitality experts.

Owner occupiers of strata business offices and retails shops enjoy their own progress at Samsung Hub in a positive atmosphere of growth and goodwill, as they remain unaffected by the ever-increasing office rental rates.

Limited space, Office rental keep rising

The market saw dynamic activity in the last two years with major tenants relocating to new facilities and the vacancy being promptly filled-up by the ever-expanding Business Centres like Regus with their flexible workspaces and serviced offices.

New entrants from a range of existing and evolving segments like Ecommerce, Tech, Finance and Transport Network Companies took their turn to aggravate the demand for office space.

Renovations in fresh acquisitions like Chevron House deprived the existing rental space.

A new wave anticipating relocation of several Regional Head Offices from China to Singapore is expected to increase the demand more.

Meanwhile, URA statistics indicate TOP of 49,000 sqm of space in 2019 as against 216,000 sqm supplied in 2018. Hence, availability of office spaces, especially for large ones in CBD is dear with limited supply in 2019.

URA statistics have also revealed hike in office space rental rates and dip in vacancy rates.

While the top recorded rate is S$14.00 psf, the average looms around S$11.50 to S$12 psf.

Reports from 2017 showcases an impressive 20.8% increase in rates as of 2018. The trends are expected to continue into the new year 2019.

This picture at CBD that displays short supply of new office spaces and renovation of old buildings puts tremendous demand on existing premier developments like Samsung Hub.

More office space sold

Prudential Tower Strata Office Units Sold to Blackrock
Just Opposite of Samsung Hub is Prudential Towers. Blackrock acquired 7 Strata Office Units in 2018.
Manulife Centre Singapore Sold to Chelsfield & ARA for $555.5m
Recent Office Sale in Jan 2019, Manulife Centre Singapore Sold to Chelsfield & ARA for $555.5m.
Robinson 77 SOLD to Gaw Capital Partners for S$710 Million
Robinson 77 SOLD to Gaw Capital Partners for S$710 Million in early January 2019

More of office spaces are being sold, especially after the July 6 cooling measures. Individuals, investing in second or third residential properties for rental income are seen to switch over to investing in commercial properties like strata offices, strata shops, shophouses etc. to avoid ABSD charges.

Samsung Hub Singapore boasts a range of office space available for sale from 3,132 square feet to 13,132 square feet with prices starting from S$3,300 psf.

Recent beneficiaries from residential En Bloc sales, individually or corporately, have the capacity to invest in this growing office leasing market and reap regular income.

Because strata offices sold in Samsung Hub have attractive leaseback arrangement that ensures rental income from day one.

Foreign entities are also known to show keen interests to establish Regional Head Offices in Samsung Hub craving for reputable address, often seen as a status symbol for global presence.

Hike in rental rates have prompted large business owners to find their own office spaces for good.

Overall, a surge in transactions involving office spaces is manifested in the past months.

Samsung Hub Recent News

The highest ever rate recorded in Samsung Hub was the sale of level 20 at S$3,550 psf in 2018.

Sammi Lim, Director of Capital Markets, CBRE brokered the deal. Some optimistic agents of the same firm have quoted up to S$3,900 psf on strata offices available for sale at this period of the year.

Lei Shing Hong Properties (Singapore) with Headquarters in Hong Kong sold Level 20 with strata area 13,132 sq ft at price tag S$ 46.62 million.

A year and a half back, they had acquired the same premises at a price tag S$43.07 million which translates to S$3,280 psf.

The previous highest record was set at S$3,500 psf for a small strata office measuring 883 sq ft on the 17th level at a price tag of S$ 3.09 million in 2013.

So, rates per psf have clearly progressed in the years at Samsung Hub and the trend is expected to continue especially in 2019, where super high demands have been predicted at CBD.