Freehold Shophouse Sims Avenue Sale 39 Mil G Subbed Two Storey Freehold Shophouse 157 Sims Avenue
By bidding farewell to public capital markets, Lyric wants to scale its risk-management technology for burglary and damaged-property insurance.
A freehold two-storey shophouse located at 157 Sims Avenue is currently up for sale via an expression of interest (EOI) exercise. With a guide price of $3.9 million, the property is situated in District 14 and spans a land area of 1,227 sq ft. Zoned as “residential/institutional”, the shophouse has a gross plot ratio of 3.0 and a built-up area of approximately 2,067 sq ft. This translates to a guide price of $1,886 psf on the floor area. Marketing the property are Richard Tan and Lisa Tan of PropNex Shophouse Elites, who reveal that the shophouse is currently fully leased and can be sold with or without tenancy. They anticipate a high demand from potential buyers and investors due to its prime location and competitive pricing. The EOI exercise for 157 Sims Avenue will close on Feb 6. (Source: EdgeProp LandLens)
In another news, Lyric, a prominent risk-management technology company for burglary and damaged-property insurance, has decided to bid farewell to public capital markets in order to focus on expanding its business. With an aim to scale their operations, the company will now be solely focusing on their innovative technology. This shift in strategy has been prompted by the increasing demand for their services, which has led them to explore new avenues for growth. By adopting this new approach, Lyric is positioning itself to emerge as a leading player in the field of property insurance.
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