# Verdun House in Farrer Park Offered at $82 Million - **Source:** Stacked Homes - **Published:** 2026-08-19T11:30:13.000Z - **Author:** Sihan Chia - **Original:** https://stackedhomes.com/singapore-billionaire-bought-freehold-farrer-park-building-55-1m-now-asking-82m/ - **Topics:** Commercial & Industrial, Government & Policy, Transactions & Deals ## Featured rationale The pricing signals confidence in scarce city-fringe freehold commercial assets with stable income and intensification potential, and a sale could establish a new Farrer Park benchmark. ## AI summary Fully leased freehold Verdun House is offered at $82 million, a 48.8% premium over its $55.1 million April 2022 acquisition price. ## Original article Verdun House is a four-storey, freehold commercial property at 6, 8, 10 and 12 Verdun Road. The development is on the market at a guide price of $82 million, according to its marketing agent Cushman & Wakefield. The property was previously acquired by Fragrance Group executive chairman and CEO James Koh, who originally bought it for $55.1 million in April 2022. That transaction followed two previous en-bloc attempts: one in August 2021 for $55 million, and one in 2018 with an asking price of $60 million. The current guide price represents a 48.8% premium in just over four years. The land plot is a regular-shaped site spanning approximately 7,316 sq ft, with an existing Gross Floor Area (GFA) of approximately 22,730 sq ft. Based on a new maximum potential GFA of around 30,728 sq ft (Gross Plot Ratio of 4.2), the $82 million guide price translates to approximately $2,669 per sq ft. Located at a prime city-fringe site, Verdun House is well positioned to serve a diverse catchment of businesses and users. (Map: URA) Verdun House is currently fully leased, with a mix of F&B and retail tenants on the ground floor. There is also a single co-living operator occupying the upper floors, so buyers immediately benefit from a diversified income stream. In addition, a reconfiguration of the existing co-living accommodation (subject to authorities’ approval) may present an opportunity to increase the number of units. Shaun Poh, Executive Director at Cushman & Wakefield Singapore, says, “Verdun House offers investors a rare opportunity to acquire a sizeable freehold commercial asset in the established Farrer Park precinct. The fully leased property provides immediate and stable income, while its commercial zoning offers multiple avenues for long-term value creation through asset enhancement, plot ratio intensification or redevelopment, subject to the necessary approvals. With few freehold commercial assets of this scale available in the city fringe, Verdun House is well positioned to attract investors seeking both income resilience and capital appreciation.” A successful sale could set a new benchmark against which freehold assets in the area are assessed. Part of this is based on the possibility that Farrer Park can draw a wider pool of businesses and users, beyond just the spillover from the CBD. Projects such as Verdun House can draw tenants that include F&B and retail businesses, healthcare workers, students, and working professionals. Verdun House is also within walking distance of Farrer Park MRT Station (NEL), providing good connectivity to the CBD and other key commercial precincts. The property is also close to a range of lifestyle amenities including City Square Mall, Mustafa Centre, Centrium Square and Farrer Park Hospital. This is an area popular with students from nearby institutions including Singapore Management University, School Of The Arts, Nanayang Academy of Fine Arts and LASALLE College of Arts. Sophia Lim, Director, Capital Markets, Cushman & Wakefield Singapore, says: “The Farrer Park precinct continues to see strong occupier demand, supported by excellent connectivity, an established healthcare cluster, and access to educational institutions and lifestyle amenities. Verdun House is well positioned to cater to young professionals, healthcare workers in the Farrer Park medical cluster, and students from nearby institutions. Together with its existing income stream and potential to optimise the current accommodation layout, subject to the necessary approvals, the property offers investors an opportunity to participate in the continued growth of Singapore’s living sector.” The Verdun House sale will be conducted through an EOI exercise which closes on September 21. ## Chinese translation > Translation model: grok_cli ### 花拉公园Verdun House以8200万新元挂售 位于花拉公园的四层永久地契商业物业Verdun House再次以8200万新元推出市场。该物业目前全部租出，现有总楼面面积22,730平方英尺，有潜力加密至30,728平方英尺，要价较其2022年购入价溢价48.8%。 Verdun House是位于Verdun Road 6号、8号、10号及12号的四层永久地契商业物业。据其营销代理Cushman & Wakefield称，该项目目前以8200万新元的指示价在市场上出售。 该物业此前由Fragrance Group执行主席兼首席执行官James Koh购入，他最初于2022年4月以5510万新元买下。该交易之前曾有两次集体出售尝试：一次是2021年8月，作价5500万新元；另一次是2018年，要价6000万新元。 当前指示价相当于在四年多一点的时间内溢价48.8%。 该地块形状规整，占地约7,316平方英尺，现有总楼面面积（GFA）约22,730平方英尺。按新的最大潜在总楼面面积约30,728平方英尺（总容积率为4.2）计算，8200万新元的指示价约相当于每平方英尺2,669新元。 地处优质市区边缘地段，Verdun House定位良好，可服务多元企业和使用者。（地图：URA） Verdun House目前全部租出，一楼租户为餐饮和零售业者组合。上层则由单一共居运营商占用，因此买家可立即受惠于多元化的收入流。 此外，对现有共居住宿进行重新配置（须获当局批准）或可提供增加单位数量的机会。 Cushman & Wakefield新加坡执行董事Shaun Poh表示， “Verdun House为投资者提供了在成熟的花拉公园地区购入具相当规模永久地契商业资产的难得机会。该物业全部租出，可提供即期且稳定的收入，而其商业区划则通过资产提升、容积率提升或重建（须获必要批准）为长期价值创造提供了多种途径。市区边缘鲜有如此规模的永久地契商业资产，Verdun House定位良好，可吸引同时寻求收入韧性与资本增值的投资者。” 成功出售可为评估该区永久地契资产树立新标杆。 这在一定程度上基于花拉公园有可能吸引更广泛的企业和使用者，而不仅仅是来自中央商务区的外溢需求。像Verdun House这样的项目可吸引包括餐饮和零售企业、医护人员、学生以及在职专业人士在内的租户。 Verdun House步行可达花拉公园地铁站（东北线），与中央商务区及其他主要商业区连通良好。该物业也靠近多项生活配套，包括City Square Mall、Mustafa Centre、Centrium Square和花拉公园医院。 该区亦受附近院校学生欢迎，包括新加坡管理大学、艺术学院、南洋艺术学院及拉萨尔艺术学院。 Cushman & Wakefield新加坡资本市场董事Sophia Lim表示： “花拉公园地区持续录得强劲的租户需求，受惠于卓越的交通连通、成熟的医疗集群，以及教育机构和生活配套。Verdun House定位良好，可服务年轻专业人士、花拉公园医疗集群的医护人员，以及附近院校的学生。 加上现有收入流，以及在获得必要批准的前提下优化当前住宿布局的潜力，该物业为投资者提供了参与新加坡居住板块持续增长的机会。” Verdun House的出售将通过意向书（EOI）程序进行，截止日期为9月21日。