Sim Lim Square eyeing $1.1b for collective sale

Committee to get signatures for going en bloc amid mall's declining footfall in recent years

Sim Lim Square, which has 492 units, was completed in 1987 and has a floor area of 22,007 sq m. It has a land size of 7,260 sq m.
Sim Lim Square, which has 492 units, was completed in 1987 and has a floor area of 22,007 sq m. It has a land size of 7,260 sq m.ST FILE PHOTO

The collective sale committee for Sim Lim Square, Singapore's gadget central, has settled on an asking price of around $1.1 billion and will begin getting signatures for its maiden collective sale attempt, The Straits Times understands.

Former presidential hopeful Salleh Marican, who runs Second Chance Properties and owns 12 commercial units in Sim Lim Square, stands to get around $30 million if the sale is successful.

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A version of this article appeared in the print edition of The Straits Times on March 15, 2018, with the headline 'Sim Lim Square eyeing $1.1b for collective sale'. Print Edition | Subscribe