Goh family buys 18 Orchard Shopping Centre units for $73 mil as owners explore collective sale

EdgeProp Singapore

/ EdgeProp Singapore

March 5, 2026 7:00 AM SGT

propertyeditor@edgeprop.sg

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The 18 shop units purchased by the Goh family of Ossia International are on the first two levels of the retail podium of Orchard Shopping Centre (Photo: Samuel Isaac Chua/EdgeProp Singapore)

The Goh family behind lifestyle products retailer Ossia International, has acquired a portfolio of 18 retail units at Orchard Shopping Centre for $73 million.

The units occupy a combined strata area of 8,934 sq ft, translating to $8,171 psf. Located on the first two storeys of the retail podium of the nine-storey freehold commercial building at the corner of Orchard Road and Grange Road, they represent 18% of the strata area and 23.5% of the total share value.

The podium is fully leased, with Maybank, RHB Bank and Xiao Long Kan Chinese Hotpot among its anchor tenants.

“Orchard Road has always been regarded as one of Singapore’s most tightly held and prestigious retail corridors, with many assets controlled by long-term institutional or family ownership,” says Terry Wong, head of capital markets & investment services at Colliers, in a March 3 release. Colliers is said to have brokered the deal.

Owners of Orchard Shopping Centre are also in the early stages of their first collective sale attempt. The appointed collective sales committee has engaged boutique real estate agencies AlpsEdge and Brilliance Capital as joint marketing agents.

AlpsEdge is headed by former JLL capital markets veteran Tan Hong Boon, while Brilliance Capital is led by founder and executive director Sammi Lim.

The year’s first collective sale involved the rear block of The Centrepoint, which was sold to Frasers Property at the close of the tender on Feb 27.

The listed property group submitted the winning bid of $391.9 million, translating to a land rate of $2,577 psf per plot ratio (psf ppr) after factoring in lease top-up and land betterment charges.

Prior to the collective sale of the 99-year leasehold rear plot, Frasers Property already held a majority stake of over 52% by strata area in the L-shaped rear block.

Frasers Property is also the majority owner of the freehold front plot of The Centrepoint, holding about 96% of the units by strata area. The front plot has prominent frontage along Orchard Road and comprises 151 retail units.

The collective sale was brokered by Savills Singapore's managing director of investment sales and capital markets, Jeremy Lake.

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