Sim Lim Square, Singapore's well-known tech shopping mall in Rochor Canal Road, was yesterday put up for collective sale via public tender with a reserve price of $1.25 billion.
SLP Scotia said in a statement yesterday that developers can explore converting Sim Lim Square into a mixed-use development with a hotel and office space, because of its"unique and strategic location" in the Ophir-Rochor Corridor, which is touted to be an extension of the downtown area. "Interested developers could explore converting Sim Lim Square to other uses, taking advantage of the latest URA incentive scheme - the Strategic Development Incentive Scheme," said SLP Scotia.
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Sim Lim Square up for en bloc sale with S$1.25b reserve priceSHOPPING mall Sim Lim Square on Rochor Canal Road has been put up for collective sale via public tender at a reserve price of S$1.25 billion on April 29, marketing agent SLP International Property Consultants announced on Monday. Read more at The Business Times.
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