SINGAPORE, July 6, 2023 /PRNewswire/ — Brilliance Capital is pleased to launch the Public Tender for The Rochor Collection, a unique and rare offering of nine freehold shophouses located at Desker Road and Rowell Road. These historic conservation shophouses, collectively known as The Rochor Collection, presents an exceptional investment opportunity in one of Singapore’s most vibrant, and increasingly sought after, neighborhoods right in the heart of the city.
All nine units come with individual land titles and consist of 2-storey and 2-storey with attic conversation shophouses. The collection is located within the Little India Conservation Area on a total land area of approximately 10,557 sq ft zoned “Commercial” under the Master Plan 2023 and has an estimated total build-up area of 22,898 sq ft.
These shophouses are strategically positioned in the heart of the Little India Conservation Area, a highly sought-after location known for its historical significance and thriving cultural scene. The area is renowned for its diverse culinary offerings, bespoke cafes, retail, offices, hotels, art galleries, and proximity to prominent landmarks such as Little India, Bugis Street, Mustafa Centre, City Square Mall, City Square Residences and Tekka Place, one of the newest completed integrated mixed-use development in the area, with approximately 70,000 sq ft of retail space and 320 serviced apartments anchored by Citadines. The locale is conveniently served by three MRT stations, namely Jalan Besar and Farrer Park MRT Stations, as well as Little India MRT Interchange Station.
Ms Sammi Lim, Founder and Executive Director, Brilliance Capital Pte Ltd, said: “Given its prime city location and rare freehold tenure, The Rochor Collection represents a rare opportunity to acquire a prestigious shophouse portfolio in one of Singapore’s most desirable and evolving neighborhoods, with strong potential for both capital and rental appreciation. The Rochor Collection comprises a meticulously curated selection of nine shophouses, each possessing distinctive architectural features and a rich heritage that adds to their charm. This collection represents an extraordinary chance for investors and discerning buyers to acquire a significant and iconic freehold shophouse portfolio in Singapore’s real estate landscape.
Over the years, the locale has undergone a remarkable transformation, evolving into a vibrant and dynamic neighborhood that embody the spirit of progress and diversity. The evolvement and positive changes in Desker and Rowell Road reflect the successful revitalization efforts that have transformed these neighborhoods into a thriving cultural, culinary, and commercial destination. The acquisition of The Rochor Collection would allow the buyer to capitalize on the vibrant growth and immense potential of this district, and this positive rejuvenation is only set to continue at a stronger pace.
Desker and Rowell Road have also emerged as gastronomic destinations, offering a diverse array of culinary experiences that cater to all tastes and preferences. From traditional local fare to international cuisines and trendy cafes, the neighborhoods have become renowned for their eclectic food scene, attracting food enthusiasts from near and far.
With all nine shophouses being offered for sale on a fully tenant basis, the incoming buyer can enjoy the security of an immediate rental income and hold the property for stable long-term rental yield or consider the option of a subsequent sale on an individual shophouse basis as a potential exit strategy.
We expect keen interest from both local and overseas corporates, institutional funds, private funds, family offices and ultra-high net worth individuals.
Based on the guide price of S$66 million which works out to approximately S$2,800 psf on the build-up area, this pricing is an attractive one in today’s market, and especially when the demand for shophouses continues to be supported and drawing buyers from both local and overseas wealth.”
Overall, Singapore’s strategic location, stable political and economic environment, strong talent pool, proximity to key markets, and vibrant business ecosystem make it an attractive location for large multinational companies, international retailers and service providers looking to establish a presence in Asia. With leasing momentum picking up well and capital values still on the increase, this is a timely opportunity for buyers to enter the market. This interesting and resilient asset class would be strategically placed to capitalize on the potential for strong capital value and income upsides.
As a full commercial zoned property, this purchase is open to both local and foreign buyers with no additional buyers’ stamp duty (ABSD) or sellers’ stamp duty (SSD).
Brilliance Capital is the sole marketing agent for this Public Tender.
The Public Tender closes on 15 August 2023, Tuesday at 3.00 p.m.
About Brilliance Capital Pte. Ltd.
Brilliance Capital is a full-service real estate agency that assists and advises ultra-high net worth individuals, local and foreign family offices, as well as property developers, publicly listed companies, and local and overseas private funds on the purchase and sale of real estate assets. Founded and led by Sammi Lim, the firm engages the industry’s most elite professionals, and boasts a dynamic team of agents specializing in the sale and leasing of the entire spectrum of properties which includes, residential condominiums, landed houses, commercial properties, industrial assets, collective sales, as well as consultancy and advisory services.