13,100 sq ft strata office floor at Samsung Hub sold for $49.8 mil

By Valerie Kor
/ EdgeProp Singapore |
Join our  Telegram  channel and follow our  Facebook  for the latest update.
SINGAPORE (EDGEPROP) - CBRE has recently brokered the transaction of a strata office floor on the 11th storey of Samsung Hub for $49.78 million. The 999-year building has 30 storeys in total.
The office floor comprises four strata units adding up to 13,100 sq ft. The psf price of $3,800 is the highest for a single strata office floor within the CBD in the last five years.
Michael Tay, head of capital markets at CBRE, says, “Grade A strata offices, such as those in Samsung Hub, are becoming an increasingly attractive investment option for institutional investors. Not only is there a scarcity of freehold or 999-year leasehold office space in Singapore, such space is also usually tightly held for long-term capital appreciation.”
“Against a backdrop of tight office supply in the next three years, we expect investors to continue to keep an eye on this asset class so as to tap into any potential upside opportunities over the long term,” adds Tay.
Samsung Hub is located at 3 Church Street, at the heart of the Raffles Place financial district.
Check out the latest listings near Samsung Hub, MRT Stations and Schools
For price trends, recent transactions, other project info, check out Samsung Hub project research page
Read also:

Follow Us
Follow our channels to receive property news updates 24/7 round the clock.
EdgeProp Telegram
EdgeProp Facebook
Subscribe to our newsletter

Our Site

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

View More