{"id":82713,"date":"2018-03-14T20:47:40","date_gmt":"2018-03-14T13:47:40","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/sim-lim-square-attempting-1-1-billion-en-bloc-sale\/"},"modified":"2018-03-14T21:02:58","modified_gmt":"2018-03-14T14:02:58","slug":"sim-lim-square-attempting-1-1-billion-en-bloc-sale","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sim-lim-square-attempting-1-1-billion-en-bloc-sale\/","title":{"rendered":"Sim Lim Square attempting $1.1 billion en bloc sale"},"content":{"rendered":"


\nSim Lim Square is a six-storey retail mall completed in 1987. (Photo: SLP International Property Consultants)\u00a0
\nPopular IT mall Sim Lim Square is attempting to go en bloc following a second extraordinary general meeting that concluded successfully on Monday (12 Mar), revealed marketing agent SLP International Property Consultants. According to the Straits Times, the owners are reportedly asking for a whopping $1.1 billion.
\nThis makes the building, which was completed in 1987, Singapore\u2019s first full commercial prime city centre en bloc sale.\u00a0
\nClose to 60 percent by share value of the owners attended the meeting, of which an overwhelming 86 percent and 97 percent voted in favour of both the apportionment and collective sale agreement.
\nSLP has been working with and advising the collective sale committee, and explaining the important issues on the en bloc process to the owners in several town hall sessions over the last six months.
\nLocated at the junction of Rochor Canal Road and Bencoolen Street, the six-storey strata-titled retail mall consists of 492 individual units and has a total strata floor area of approximately 236,881 sq ft, excluding common areas such as the basement car park and common corridor. The currently approved total gross floor area is 391,002 sq ft.
\nDirectly linked to Rochor MRT station on the Downtown Line, the 78,146 sq ft site is also close to Bugis MRT interchange and the upcoming Ophir-Rochor corridor. The new development could be connected to Rochor MRT station via a basement linkway.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Sim Lim Square attempting .1 billion en bloc sale<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Sim Lim Square is a six-storey retail mall completed in 1987. (Photo: SLP International Property...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-82713","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-lw5","jetpack-related-posts":[{"id":85866,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sembawang-shopping-centre-sold-to-lian-beng-joint-venture-for-248m\/","url_meta":{"origin":82713,"position":0},"title":"Sembawang Shopping Centre sold to Lian Beng joint venture for $248m","date":"April 19, 2018","format":false,"excerpt":"\r This is the largest transaction value achieved for a stand-alone retail mall with an original 999-year lease. (Photo: Colliers International) Sembawang Shopping Centre along Sembawang Road has been sold by CapitaLand Mall Trust (CMT) to a joint venture between Lian Beng Group and Apricot Capital for $248 million, marketing\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":64126,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/park-west-owners-make-third-collective-sale-attempt\/","url_meta":{"origin":82713,"position":1},"title":"Park West owners make third collective sale attempt","date":"August 21, 2017","format":false,"excerpt":"\r Featuring a land area of 633,644 sq ft, Park West comprises 432 apartments and four shop units.\u00a0 Following two failed attempt at a collective sale in 2007 and 2011, condominium owners at Park West are hoping that their third try at an en bloc sale would be successful, reported\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":68632,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/owners-of-ivory-heights-seeking-1-34bil-in-collective-sale\/","url_meta":{"origin":82713,"position":2},"title":"Owners of Ivory Heights seeking $1.34bil in collective sale","date":"October 10, 2017","format":false,"excerpt":"\r A view of IVORY Heights, a privatised HUDC estate at Jurong East. Former HUDC estate Ivory Heights may soon join the en bloc sale bandwagon after over eight in 10 owners voted to sell the development at the second extraordinary general meeting held on 1 October, reported Today Online.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":63808,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/tampines-court-set-to-be-biggest-collective-sale-in-a-decade\/","url_meta":{"origin":82713,"position":3},"title":"Tampines Court set to be biggest collective sale in a decade","date":"August 16, 2017","format":false,"excerpt":"\r Built in 1985, Tampines Court sits on a huge 702,164 sq ft site.\u00a0 Following two failed attempts at a collective sale in 2008 and 2011, Tampines Court is poised to become the biggest en bloc sale of a former Housing and Urban Development Company (HUDC) estate in a decade,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61838,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lakepoint-condo-eyeing-en-bloc-sale-site-bigger-than-shunfu-ville\/","url_meta":{"origin":82713,"position":4},"title":"Lakepoint condo eyeing en bloc sale, site bigger than Shunfu Ville","date":"July 26, 2017","format":false,"excerpt":"\r View of the Lakepoint condominium at Lakepoint Drive. (Photo: Jianwei Huang) Owners of the ageing Lakepoint condominium near Lakeside MRT station are believed to be exploring opportunities to go en bloc in the next two years, or even earlier, according to some residents with knowledge of the matter. PropertyGuru\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":64772,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sun-rosier-condo-up-for-en-bloc-sale-for-s235mil\/","url_meta":{"origin":82713,"position":5},"title":"Sun Rosier condo up for en bloc sale for S$235mil","date":"August 28, 2017","format":false,"excerpt":"\r With a maximum gross floor area of 204,464 sq ft, the freehold site can yield 204 housing units with an average size of around 1,000 sq ft each. (Photo: Google Maps) The owners of the 78-unit Sun Rosier condominium in How Sun Drive have joined the collective sale bandwagon,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/82713"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=82713"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/82713\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=82713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=82713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=82713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}