Slower property auctions in March; sole sale is a freehold retail shop in Sim Lim Tower transacted at S$1.455m

Singapore

AFTER a burst of interest in property auctions last month, Knight Frank's March auction saw only one property go under the hammer this week, with two others sold before the auction event.

A freehold retail shop at Sim Lim Tower was sold at the single bid price of S$1.455 million, lower than the original guide price of S$1.53 million and opening price of S$1.46 million. Spanning 710 square feet (sq ft), the owner-sale property is just a stone's throw away from Jalan Besar MRT.