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Sim Lim Square fails in 2nd collective sale bid

There were no bids at the close of its second tender on Dec 30 last year.

This despite owners of the strata-titled mall keeping the reserve price unchanged at more than $1.25 billion but with the added sweetener of another 27 per cent of built-up space plus the possibility of lower development charges. Their first en bloc attempt in July last year also ended without any formal bids.

– 8 January 2020

Read Full Article at https://www.straitstimes.com/business/property/11-shops-in-sim-lim-square-go-on-sale-for-22m

Posted in Enbloc Sale / Collective Sale, Singapore Commercial for Sale, Singapore Property News and tagged , , .