Sim Lim Square attempting $1.1 billion en bloc sale

Romesh Navaratnarajah15 Mar 2018

Sim Lim Square crop

Sim Lim Square is a six-storey retail mall completed in 1987. (Photo: SLP International Property Consultants) 

Popular 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.

This makes the building, which was completed in 1987, Singapore’s first full commercial prime city centre en bloc sale. 

Close 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.

SLP 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.

Located 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.

Directly 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.


Romesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email


You may also like these articles

Eunos Mansion sold collectively for $220 million

Completed in 1982, Eunos Mansion comprises 105 apartments and two penthouses. (Photo: Cushman & Wakefield)The freehold Eunos Mansion has been sold collectively to a subsidiary of Fragrance Group f

Continue Reading9 Mar 2018

Goodluck Garden sold to Qingjian for $610m

The freehold site off Upper Bukit Timah is close to Beauty World MRT station. (Photo: Knight Frank)UPDATED: Goodluck Garden, a 210-unit freehold condominium along Toh Tuck Road, has been sold through

Continue Reading9 Mar 2018

Minbu Villa joins en bloc frenzy with reserve price of $145.8m

Completed in 1981, Minbu Villa comprises 33 apartments and a penthouse. (Photo: Savills Singapore)Minbu Villa, a 10-storey freehold residential development in Novena, has been launched for collective

Continue Reading15 Mar 2018