The only atrium shop space located on the ground floor of Sim Lim Square is being launched for sale by expression of interest. CBRE said it expects to receive strong offers in excess of $48 million for the shop lot. As Sim Lim Square shops are under the commercial property zoning, both locals and foreigners are eligible to purchase it with no ABSD imposed on the purchase of the property. Based on a strata area of about 2,756 sqft, this translates to about $17,417 psf. According to caveats lodged, a ground floor shop located along the second corridor was transacted at $10,719 psf in Mar this year. The shop lot is in the middle of the ground floor atrium, and has an open concept with a panoramic 360-degree high visibility view throughout the premises. The escalators and lifts are also located next to the unit.... Continue Reading