Portfolio Of Prime Retail Strata Units in Sim Lim Square For Sale

The portfolio offering consists of 7 retail units across levels 1, 2 and 4 of the development. Unit sizes range from 344 sq ft to 1,582 sq ft, with the total portfolio comprising 3,778 sq ft of strata area.

Completed in 1987, Sim Lim Square is a renowned technology retail complex which spans across 6 floors and 2 basement levels. It remains an indispensable destination for tech enthusiasts, tourists, and locals alike, providing the latest in technology, a diverse shopping experience, and expert tech services to its patrons.

Strategically situated within the vibrant Rochor and Bugis district, the property commands a strong presence and prominent frontage along Rochor Canal Road. It enjoys unparalleled connectivity with its proximity to Rochor and Bugis MRT stations ensuring easy access for visitors commuting from various parts of the city.

The units are currently tenanted to retailers of IT consumer supplies. The properties are zoned for commercial use and there is no additional buyer's stamp duty. Foreigners and companies are eligible to purchase the units.

Ms. Sophia Lim, Director, Investment Sales & Capital Markets at Savills Singapore, notes, “The portfolio of units are arguably the best located units within the development. Situated right next to the escalators, the units enjoy high visibility and footfall throughout the day and would not be missed by shoppers visiting the mall. The portfolio of retail units at Sim Lim Square offers immediate rental income to prospective investors with more than 4.0% yield.

“The offering of this portfolio of strata retail units in Sim Lim Square represents a rare chance for investors to secure a foothold in one of Singapore's most dynamic and iconic tech-hub, promising both immediate returns and the potential for future growth,” she adds.

The guide prices of the Sim Lim Square retail units ranges from $2.2 mil onwards, with the entire portfolio’s asking price at $19.46 million. Potential buyers can acquire the entire portfolio or individual units.

The sale will be conducted through an Expression of Interest (EOI) exercise which closes on 8 March 2024, at 12pm.