Rare Fully Tenanted Standalone Building at 14 Gemmill Lane in the Telok Ayer-Club Street Precinct Launched for Sale by Expression of Interest

SINGAPORE, Nov. 12, 2026 /PRNewswire/ -- Brilliance Capital has been appointed the exclusive marketing agent for the sale of 14 Gemmill Lane, a fully tenanted three-storey commercial building with attic and passenger lift in the tightly held Telok Ayer–Club Street precinct. The property is offered for sale by Expression of Interest (EOI) at a guide price of S$23 million, which closes on Monday, 18 January 2027 at 3.00 pm.

Sitting on a land area of approximately 2,702 sq ft with a gross floor area of approximately 7,662 sq ft, the building is held on a 99-year leasehold tenure commencing 15 January 1996, with about 68 years remaining, and is zoned "Commercial" under the URA Master Plan 2025. It comprises eight units: a ground-floor commercial unit of approximately 2,616 sq ft, six one- and two-bedroom apartments of approximately 398 to 657 sq ft across the second and third storeys, and a three-bedroom penthouse of approximately 1,216 sq ft in the attic. Every unit is currently leased, providing purchasers with immediate recurring rental income from a diversified tenant base, without the concentration risk of a single-tenant building.

While the property lies within the Chinatown–Telok Ayer Conservation Area, it is classified as an Envelope Control Site within a Historic District and is not a conserved building. This distinction gives an owner considerably more flexibility for internal reconfiguration, upgrading works and future repositioning than a conserved shophouse would allow, subject to prevailing planning guidelines. Combined with full commercial zoning and upper floors approved for residential use, the building offers a degree of optionality that is seldom found within the precinct.

The building has been well maintained, having undergone a series of asset enhancement works between 2018 and 2026, including lift upgrading, waterproofing, façade improvements and unit renovations, which reduces near-term capital expenditure for an incoming owner. A nine-person passenger lift serves every floor, a feature that remains relatively rare among shophouses in the precinct and one that strengthens its appeal to residential and lifestyle occupiers alike.

Shophouses in Singapore's city centre have become increasingly difficult to acquire as owners hold on to what are widely regarded as defensive, scarce assets. Against this backdrop, the opportunity to acquire an entire standalone building in the Telok Ayer–Club Street precinct, where few buildings change hands, is uncommon. Against recent sale benchmarks, 14 Gemmill Lane presents a compelling entry point. The guide price of S$23 million translates to approximately S$3,002 psf on gross floor area.

Ms. Sammi Lim, Founder and Executive Director of Brilliance Capital, said: "Standalone buildings in the Telok Ayer–Club Street precinct very rarely come to market, and it is even rarer to find one that is fully let, served by a lift and not subject to conservation constraints. 14 Gemmill Lane suits investors seeking a stable and reliable rental income stream, as well as family offices and businesses looking to secure a permanent base of their own, with potential naming and signage rights to the building." She added: "Shophouse supply has been very thin this year, yet prices in the core districts have continued to rise, which tells us that demand for quality assets remains firm. Given Singapore's reputation as a safe haven, we are also seeing more buyers willing to consider well-located leasehold properties for the entry price and yield they offer. Over time, an owner may be able to create further value through tenant-mix optimisation, residential-led repositioning such as urban co-living, or other alternative uses, subject to authority approvals."

Mr. Mark Tan, Associate Director of Brilliance Capital, added: "Despite uncertainty over the direction of interest rates, we believe investor appetite for quality Singapore real estate remains strong. Borrowing costs are still significantly below their 2023 peak, while the strength and stability of the Singapore dollar continue to underpin confidence in Singapore as an investment destination. Investors are placing greater emphasis on sustainable rental income, capital preservation and long-term value. Recent major property transactions in the CBD and city-fringe locations, together with competitive bids for development sites, also reflect continued confidence in Singapore's property market and its longer-term prospects. We expect keen interest from buyers who have been waiting for the right asset in a prime location, and from businesses and investors looking to establish a long-term base in Singapore"

Strategically located between Club Street, Amoy Street, Telok Ayer Street and Cross Street, the property is approximately a three-minute walk from Telok Ayer MRT station on the Downtown Line, five minutes from Chinatown MRT interchange on the Downtown and North-East Lines, and six minutes from Maxwell MRT station on the Thomson–East Coast Line, with Raffles Place and Tanjong Pagar stations also within walking distance, giving access to five MRT lines in all. It is a short walk from Raffles Place and Shenton Way, Singapore's financial and commercial heart, and is surrounded by the precinct's well-known restaurants and bars, Far East Square, Amoy Street Food Centre and Maxwell Food Centre. This catchment of office professionals, expatriates, residents and visitors underpins resilient leasing demand for both the commercial and residential components.

Combining genuine scarcity, full occupancy, a rare passenger lift, non-conserved flexibility and an attractive entry price relative to recent transactions, the asset is expected to attract strong interest from private investors, hospitality operators, family offices and owner-occupiers seeking a long-term foothold in Singapore's CBD. The property is offered for sale by Expression of Interest through the exclusive marketing agent, Brilliance Capital Pte. Ltd., with the exercise closing on Monday, 18 January 2027 at 3.00 pm.

Note to editors:

High-resolution photograph of 14 Gemmill Lane is enclosed.

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 include residential condominiums, landed houses, commercial properties, industrial assets, collective sales, as well as consultancy and advisory services.

SOURCE Brilliance Capital