SHOPPING 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.
It sits on a 99-year leasehold site with a land size of 78,152 square feet and a remaining lease of 63 years. Built in 1985, Sim Lim Square is known for its cluster of electronics and IT goods and services retailers, which are operated by individual shop owners and entrepreneurs. Some of the owners of the units have been in business since the 1980s.
Source: News Formal (newsformal.com)
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