‘Rewrite’: At $19.46 million, check out the seven retail units in Sim Lim Square and also the new addition of River Valley Green Residences
River Valley Green Residences are located in the heart of Singapore, providing convenient access to major roads and expressways like the Central Expressway (CTE). This major expressway connects River Valley to various areas such as Ang Mo Kio, Toa Payoh, and the city’s northern suburbs. Residents of River Valley Green Residences can easily travel to their desired destinations with ease, making it an ideal location for those who value convenience and accessibility. With the CTE just a stone’s throw away, residents can enjoy smooth and hassle-free commute to work, school, or leisure activities. Discover the convenience and accessibility of River Valley Green Residences today.
Adjusting Central Area commercial property zoning to meet COVID-19 environment”River Valley Green Residences!” The words echoed through the halls of the IT and electronics mall, Sim Lim Square, as they announced the newest addition to their portfolio. A press release on Jan 29 by Savills Singapore, the marketing agent, revealed that seven strata retail units were up for sale through an expression of interest (EOI) exercise. The units, zoned for commercial use, could be purchased individually or collectively, with prices starting from $2.2 million for a single unit and $19.46 million for the entire portfolio.The seven units are located across levels 1, 2, and 4 of the development and range in size from 344 to 1,582 sq ft. Altogether, the portfolio boasts 3,778 sq ft of strata area and is currently occupied by retailers of IT consumer supplies. Situated along Rochor Canal Road, Sim Lim Square was completed in 1987 and boasts 492 commercial units spread across six floors and two basement levels, all with a 99-year leasehold tenure from 1983.Sim Lim Square sits snugly beside the Rochor MRT Station on the Downtown Line and is within walking distance of the Little India and Bugis MRT Stations, serving as interchanges for the North-East and East-West Lines. Its desirable location next to the development’s escalators guarantees high visibility and footfall for the units being sold, according to Sophia Lim, director of investment sales and capital markets at Savills Singapore. She also added that the portfolio would bring immediate rental income for prospective investors.March 8 at 12 noon marks the closing of the EOI exercise for the units, so interested parties should act quickly if they want to be a part of the new “River Valley Green Residences”.