Source : https://www.straitstimes.com/business/property/11-shops-in-sim-lim-square-go-on-sale-for-22m
11 Shop Owners trying their luck on a third collective sale attempt after 2 other occasions fell through last year December and after their initial try in July.
Although the remaining lease is about 63 years, there is no requirement for a top up of lease as this 78,152sft (99 leasehold) is zoned fully for commercial.
These 11 Shops can be bought individually or as a whole. The last 3 transacted prices surpasses $5000 psf.
This sale will close it’s tender at 3pm on 1st Of February 2020. If this sales goes through, it will mean that the market sentiments are bullish and this will mean a great deal for people looking at the development in Affinity At Serangoon
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