# GH15 Ventures wins Pek Chuan Building tender with $80.68 mil bid

- **Source:** EdgeProp Singapore
- **Published:** 2026-10-20T23:00:00.000Z
- **Author:** Cecilia Chow
- **Original:** https://www.edgeprop.sg/property-news/gh15-ventures-wins-pek-chuan-building-tender-with-8068-mil-bid
- **Topics:** Private Residential, New Launches, Government & Policy

## Featured rationale

The successful third collective-sale attempt signals renewed confidence in the Lavender commercial site and could support redevelopment, hotel conversion or asset-enhancement activity in the area.

## AI summary

GH15 Ventures won the Pek Chuan Building collective sale tender with an $80.68 million bid, 4.8% above its $77 million asking price.

## Original article

[Correction: This article has been updated for accuracy and to clarify that GH15 Investments is not a subsidiary of Aw & Sons Capital.]

GH15 Ventures has won the collective sale tender for Pek Chuan Building at 116 Lavender Street with an $80.68 million bid.

Company records show that GH15 Ventures is an investment vehicle of GH15 Investments, a company registered to operate hostels and dormitories for students, workers and others. Its director is Stephen Goh.

Read also: Serenity Park condo, Pek Chuan Building back on en bloc market at lower $440 mil and $77 mil

The deal was brokered by Terry Wong, head of capital markets and investment sales at Colliers Singapore, who represented the buyer GH15 Investments.

The public tender closed on Oct 7 and drew three bids, says Dillon Loi of Mount Everest Properties, the marketing agent. The winning bid is 4.8% above the $77 million asking price set when the building was relaunched for sale in September. It also tops the $80 million guide price for its first two attempts at a collective sale in October 2025 and March 2026. Both tenders closed without a successful bid.

The site has 28,700 sq ft of land and is zoned commercial, with a plot ratio of 2.5 and a height limit of 12 storeys. At the permissible gross floor area of 71,750 sq ft, the price works out to $1,124 psf per plot ratio (ppr), excluding any land betterment charge and lease top-up premium. The site is on a 99-year lease that started in 1978, leaving about 51 years.

The existing four-storey building has retail space on the first three floors and offices on the fourth. It is about 50m from Bendemeer MRT Station on the Downtown Line and within walking distance of Lavender MRT Station on the East-West Line. Loi describes it as the longest standalone commercial building with a full frontage along Lavender Street.

The buyer can apply to URA for a change of use to a hotel or mixed-use development. If it opts for asset enhancement instead, Loi expects the building to attract offices and F&B businesses displaced by the 2027 redevelopment of Marina Square and Valley Point. He also expects “strong support” from upcoming residential developments in Kallang and Boon Keng.

Refurbishment has paid off for a similar building. Mount Everest Properties sold GSM Building on Middle Road to Coliwoo for $80 million in 2023. After a major refurbishment, the building, now called Coliwoo Midtown, is being acquired by CapitaLand Ascott Trust for $134 million under a deal announced in August.

Read also: Frasers Property Singapore rolls out unified retail experience across nine malls

## Chinese translation

> Translation model: grok_cli

### GH15 Ventures以8,068万新元出价赢得Pek Chuan大厦招标

中标价比该大厦9月重新推出出售时设定的7,700万新元要价高出4.8%。

［更正：本文已更新，以确保准确性，并澄清GH15 Investments并非Aw & Sons Capital的子公司。］

GH15 Ventures以8,068万新元的出价，赢得劳明达街116号Pek Chuan大厦的集体出售招标。

公司记录显示，GH15 Ventures是GH15 Investments的投资载体。GH15 Investments是一家注册经营面向学生、工人及其他人士的旅舍和宿舍的公司，其董事为Stephen Goh。

另请阅读：Serenity Park共管公寓与Pek Chuan大厦以更低的4.4亿新元和7,700万新元重返集体出售市场

该交易由高力新加坡（Colliers Singapore）资本市场及投资销售主管Terry Wong促成，他代表买方GH15 Investments。

营销代理Mount Everest Properties的Dillon Loi表示，公开招标于10月7日截止，共收到三份出价。中标价比该大厦9月重新推出出售时设定的7,700万新元要价高出4.8%。该出价也高于2025年10月和2026年3月前两次集体出售尝试的8,000万新元指导价。两次招标均未获得成功出价即告结束。

该地段土地面积为28,700平方英尺，规划为商业用途，容积率2.5，限高12层。按准许总楼面面积71,750平方英尺计算，价格折合每平方英尺容积率（ppr）1,124新元，不包括任何土地增值费和租约补期溢价。该地段为1978年起计的99年租约，剩余约51年。

现有四层建筑的首三层为零售空间，第四层为办公室。它距离滨海市区线明地迷亚地铁站约50米，并处于东西线劳明达地铁站的步行范围内。Loi形容它是沿劳明达街拥有完整临街面的最长独立式商业建筑。

买方可向市区重建局（URA）申请将用途改为酒店或综合用途发展项目。若转而选择资产提升，Loi预计该建筑将吸引因滨海广场和Valley Point于2027年重建而迁出的办公和餐饮企业。他还预计加冷和文庆即将推出的住宅发展项目将带来“强有力的支持”。

翻新已为类似建筑带来回报。Mount Everest Properties于2023年以8,000万新元将密驼路GSM大厦售予Coliwoo。经过重大翻新，该建筑现称Coliwoo Midtown，凯德雅诗阁信托（CapitaLand Ascott Trust）正根据8月宣布的一项交易，以1.34亿新元予以收购。

另请阅读：星狮地产新加坡（Frasers Property Singapore）在九家商场推出统一零售体验