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Sim Lim Square set to enter collective sale market at $1.3b

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Sim Lim Square, Singapore's gadget hub in Rochor Canal Road, is set to enter the collective sale market after more than 80 per cent of its owners consented to the move. The figures, 80.82 per cent by share value and 81.43 per cent by strata area, were confirmed on Tuesday....

"We saw transactions like Golden Wall and we believe we are a better site with MRT connection as well as a square plot with two main roads. So our price is quite a competitive one," added Mr Gupta, 31, who is manager of Sim City Specialty Group, which owns 40 units at the six-storey mall.

He said SLP Scotia is in discussions with the Urban Redevelopment Authority about issues such as the development baseline and more details on the plot ratio will be made known in about six weeks.

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