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Train Stations
Rochor
Food & Amenities
Bugis
Jalan Besar
Carpark
Building carpark
Approved Use
Commercial
Specific use subject to approval
Tenure
99 Years w.e.f. 1982
What is the tenure of Sim Lim Square?
The current listing identifies the property as 99-year leasehold. Buyers should confirm the lease commencement date and remaining lease with their solicitor before purchase.
What trades may suit this shop?
Sim Lim Square is known for technology and electronics businesses, but suitability depends on the specific unit, building rules and authority approvals. Buyers should verify intended use before purchase.
Is ABSD payable on this purchase?
ABSD generally applies to residential property. A solely non-residential commercial shop is generally not subject to ABSD, but buyers should obtain legal and tax advice for their circumstances.
Can foreigners buy this property?
Foreign-buyer eligibility depends on the title and property use. Buyers should verify the title and any applicable approvals with their solicitor before purchase.
What costs should I check before buying?
Review maintenance charges, property tax, GST treatment, financing costs, current tenancy and any building-specific levies or rules.
Why consider Sim Lim Square?
The development offers specialist strata retail space in a central Rochor location near MRT stations and the Bugis commercial area. Buyers should still assess unit position, lease balance and rental fundamentals.
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