Family business of Razer founding investor Lim Kaling sells shophouses for S$80 million to China buyer

SIX adjoining conservation shophouses along Circular Road in District 1 have been sold to a buyer from China for S$80 million. The sale contract was entered into in March and the transaction was completed recently.

The 999-year leasehold properties, at 2, 3, 4, 5, 6 and 7 Circular Road, were sold by Lim Teck Lee, a family business more than 100 years old. It is controlled by Lim Kaling, a founding investor of American-Singaporean gaming company Razer.

The words “Lim Teck Lee Pte Ltd” in English and Chinese as well as “Circular House” are inscribed on the facades of four of the shophouses (2 to 5 Circular Road), making them eye-catching properties. They are located behind Boat Quay, near the South Bridge Road junction.