Family business of Razer founding investor Lim Kaling sells shophouses for S$80 million to China buyer
The sale of 2 to 7 Circular Road behind Boat Quay was completed recently
Add BT as a preferred source
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.
TRENDING NOW
Singapore at 61: How we can ensure opportunity, security and ownership for the next generation
With tech for fact-checking to cancer care, Singapore startups aim beyond home
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
