FOR SALE BY EXPRESSION OF INTEREST: A PORTFOLIO OF CITY STRATA OFFICE FLOORS IN THE HEART OF BUGIS AND ROCHOR, AT SIM LIM TOWER, THE BENCOOLEN AND LEE KAI HOUSE

SINGAPORE, March 20, 2025 /PRNewswire/ -- Brilliance Capital Pte. Ltd. is pleased to present The Bugis Collection, a rare investment opportunity comprising three entire office floors in prime city locations. This exclusive portfolio includes a freehold strata office floor at Sim Lim Tower, a full office floor at The Bencoolen, and a strata office floor at Lee Kai House, each offering strategic advantages in accessibility, tenure, and investment potential. The properties are available for bulk purchase or piecemeal acquisition, catering to both institutional investors and individual buyers.

The freehold strata office floor at Sim Lim Tower, located along Jalan Besar, is being offered at an asking price of S$17.8 million at S$2,126 per sq ft. Spanning approximately 8,374 sq ft on a high floor, the property boasts 360-degree panoramic views of conservation shophouses and the modern city skyline. Situated at the doorstep of Jalan Besar MRT (DT22) and within a short walk to Rochor (DT13), Bugis (EW12/DT14), and Little India (NE7/DT12) MRT stations, the location provides seamless connectivity islandwide. The asset also benefits from its proximity to key commercial hubs such as Albert Centre Market, major banks, hotels, and shopping malls, as well as upcoming landmark developments like One Sophia and Aurea. Positioned within the Beach Road/Ophir-Rochor Corridor, an area undergoing significant rejuvenation, the property presents an exceptional opportunity for investors seeking capital preservation and long-term growth.

At The Bencoolen, a full office floor comprising five strata-titled units combined into a single seamless space is available at an asking price of S$7.8 million or S$1,858 per sq ft. The 4,198 sq ft unit is fully fitted with a reception area, conference room, pantry, meeting room, partitioned workspaces, and general office space, and is currently tenanted with immediate rental income. The asset enjoys a prime location fully sheltered to Rochor MRT (DT13) and a short stroll to Bugis MRT Interchange (EW12/DT14), offering unparalleled accessibility. As part of a mixed-use development with residential, retail, and office components, the property presents a potential turnkey investment opportunity for businesses looking to establish a foothold in the Bugis precinct.

For investors seeking an attractive entry and palatable entry price point into the office and commercial market, the strata office floor at Lee Kai House, located along Middle Road, is available at a guide price of S$4.8 million at S$1,304 per sq ft. The space, consisting of two combined strata titled office units totalling 3,681 sq ft, is currently leased to a commercial school until early 2026, providing immediate rental returns. The office is within a short walk to Bugis MRT Interchange (EW12/DT14) and features a reception area, meeting rooms, conference room, pantry, classrooms, and general office space. With the building being zoned for commercial use with a gross plot ratio of 4.2, the property is well-suited for investors looking to capitalize on rental yield and future capital appreciation in a high-demand location.

Ms. Sammi Lim, Founder and Executive Director of Brilliance Capital Pte. Ltd., shared, "The demand for centrally located commercial and office spaces remains strong, as companies continue to prioritize strategic locations for operational efficiency, brand presence, and workforce collaboration. Physical office spaces are irreplaceable in fostering corporate culture and business growth. Given current market conditions, acquiring office space is a strategic move for companies looking to hedge against future rental escalations and secure long-term stability. In addition, the current interest rate environment presents a favourable window for asset acquisition, allowing investors and businesses to capitalize on cost efficiencies and long-term asset appreciation.

The Bugis Collection presents a rare opportunity for institutional investors, family offices, and private wealth funds looking to acquire city office assets with long-term capital appreciation and rental yield potential. The flexibility of purchasing either as a portfolio or individual assets caters to diverse investment strategies, from bulk ownership to strategic asset accumulation.

The Bugis-Rochor area has one of the highest office occupancy rates in Singapore, with a steady demand from businesses in tech, media, education, and creative industries. As more companies shift away from CBD-grade office rents while still prioritizing a central location, these assets are well-positioned to attract both investors and end-users seeking strategic business locations.

In Singapore's commercial real estate market, full-floor strata office units in centrally located developments are exceedingly rare, particularly with good floor efficiency and unobstructed layouts. With strata subdivision restrictions limiting new strata office supply, these assets stand out as one of the few opportunities for investors to acquire sizeable office floors in a single transaction. Beyond investment potential, The Bugis Collection is highly attractive to owner-occupiers. Given the limited availability of well-located, ready-to-move-in office spaces, SMEs, professional services firms, and businesses seeking a permanent corporate presence will find these properties a cost-effective alternative to long-term leasing."

Each of these properties is located within a vibrant mixed-use precinct, offering access to a wide array of amenities from F&B and retail to lifestyle hubs. Their proximity to MRT stations ensures excellent accessibility, reducing commute times for employees and increasing overall workplace convenience, which is a key factor in office space decisions today. With upcoming developments such as One Sophia and Aurea, as well as continued infrastructure improvements in the Bugis-Rochor precinct, the area is undergoing rapid transformation. Investors who acquire now stand to benefit from rental appreciation and potential asset enhancement strategies, whether through upgrading office fit-outs, repositioning the property, or tapping into demand from incoming corporate tenants.

Each of these three properties holds potential for future collective sale, which adds another dimension to their investment value. Given their prime city-fringe locations, tenure mix, and existing tenant profile, they are expected to attract en bloc investors and seasoned buyers who have previously benefited from successful en bloc sales. Additionally, end-users from recent successful en bloc projects may see these properties as ideal replacement assets for relocation.

All three properties in The Bugis Collection are zoned for commercial use, making them exempt from Additional Buyer's Stamp Duty (ABSD) and Seller's Stamp Duty (SSD). They are open for purchase by both local and foreign buyers, as well as corporate entites, making them a compelling option for investors seeking secure, high-value commercial assets in Singapore's dynamic office market.

Brilliance Capital is the sole marketing agent for this sale. The Expression of Interest (EOI) exercise closes on 8 May 2025, Thursday at 3 PM.

Note to editors:
High-resolution photograph of the Sim Lim Tower, The Bencoolen and Lee Kai House are enclosed.

About Brilliance Capital Pte. Ltd.

Brilliance Capital is a premier real estate agency specializing in bespoke advisory and transaction services for high-net-worth individuals, family offices, property developers, and institutions in Singapore and globally.

Founded and led by Sammi Lim, our team of top-tier professionals excels in selling and leasing luxury residential, commercial, and industrial properties, as well as collective sales. We also offer tailored consultancy and advisory services, addressing personal, professional, and investment needs with precision and care.

Backed by deep market insight and a robust international network, Brilliance Capital is dedicated to building lasting relationships and delivering exceptional real estate outcomes.

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SOURCE Brilliance Capital