Melanie Lim is a senior partner in Dentons Rodyk's Real Estate practice.
Melanie's experience is in property law, property development, banking and finance, and landlord and tenant transactions. She has represented major real estate developers in the negotiation and documentation of transactions in the areas of acquisition, finance, development and sale of property.
She has acted for major developers and property stakeholders in:
- the sale of units in mixed developments, residential developments (landed, cluster landed and strata housing developments) and commercial developments;
- the sale of entire buildings (retail malls, commercial and industrial buildings); and
- the acquisition of land sites for development or redevelopment, whether through the government land sales programmes or collective sales under the Land Titles (Strata) Act.
She also handles transactions that involve properties in the secondary market, where she acts for vendors, purchasers, borrowers, mortgagees (all the major banks and other financial institutions), Central Provident Fund Board and mortgagees in mortgagee auction sales for residential, commercial and industrial properties, including JTC Corporation and Housing & Development Board properties.
On the financing front, she has acted for the paramount mortgagees and lenders in security documentation such as the paramount mortgage, assignment of building agreement, assignment of sale and rental proceeds, assignment of contracts, assignment of insurances, assignment of guarantees, corporate guarantees, personal guarantees, trust deed, and deed of subordination.
Acquisition and Sale of Development Sites:
- MS Residential 1 Pte Ltd and MS Residential 2 Pte Ltd: Acting in the sale or units in Marina One Residences, the residential component of Marina One, a mixed use development with residential, prime Grade A offices and premium retail spaces. Marina One Residences is located on one of two development sites resulting from the historic land swap deal in 2010 involving Malaysian Railway land in Singapore.
- Ophir-Rochor Residential Pte Ltd: Acting in the sale of units in DUO Residences, the residential component of DUO, a mixed use development with residential, prime Grade A offices, premium retail spaces and a hotel. DUO is the other development site resulting from the historic land swap deal in 2010 involving Malaysian Railway land in Singapore.
- Far East Organization: Acting in the acquisition and subsequent sale of SOHO units in “The Central”. The Central which comprises the first SOHO (small office home office) development in Singapore with a civic and community institution unit which was donated to the National Council of Social Services. This project is the first integrated live-work-play development along the Singapore River.
- A joint venture between Capitaland, Hotel Properties Limited, Morgan Stanley Real Estate and Wachovia Development Corporation (a unit of Wells Fargo & Company): Acting in the sale of units in the residential development known as D'Leedon, a 99-year leasehold residential project comprising 1,715 units believed to be the largest single condominium project ever in Singapore, built on the site of the former Farrer Court.
- Far East Organisation: Acting in respect of The Greenwood and Greenwood Mews on the novel structure of carving out of 103 year leasehold interests from freehold land with minimal tax implications. These projects are sited on freehold land but Far East is selling the units with a 103-year lease instead of a freehold tenure, thereby retaining a reversionary interest in the sites. There have been earlier, though rare, cases of owners of freehold land who sold a leasehold interest to third party developers, who in turn transferred their leasehold interests to purchasers of units in the development. However, The Greenwood is the first project where an owner/developer retains its freehold interest, while transferring a leasehold interest in the units directly to the purchasers. Also acted for Far East in structuring similar leases for Shore Residences and Cabana.
- Grow-Tech Properties Pte Ltd: Acting in the sale of units in the development known as Nordcom One. Acted also in the acquisition of the site.
- KNG Group Ptd Ltd, KNG Properties Pte Ltd and KNG Land Pte Ltd: Acting in the acquisition and subsequent sale of industrial units in the developments known respectively as Pioneer Junction, Pioneer Point and ISpace.
- Exklusiv Resorts Pte Ltd: Acting in the sale to Oxley Gem Pte Ltd, the subsidiary of listed company Oxley Holdings, of the leasehold estate for a term of 103 years in the property known as 30 Stevens Road, Singapore (Property) - the location of the Pines club - for a consideration of S$318 million. Funds for the purchase comprised both bank borrowings as well as S$100 million 6% bonds due 2015 issued by the Purchaser to the Vendor and guaranteed by Oxley Holdings. Also advised the Vendor on issues relating to the contractual rights of club members, the relevant notices to be issued to members and the suspension of the club membership in view of the sale and redevelopment of the property and closure of the Pines club.
- Unilever: Acting in a S$60 million Build & Lease (BTS) arrangement with AREIT with an option to buy a parcel of land at Nepal Hill. This will be the site for Unilever’s new Corporate University Campus which will be the first in Singapore.
- The manager of CapitaMall Trust (CMT): Acting in the sale by tender of Hougang Plaza to Oxley-Lian Beng Pte Ltd for S$119.1 million. Hougang Plaza, a 3-storey shopping mall with a leasehold tenure of 99 years expiring on 28 February 2090, a land area of approximately 57,047 sq ft and a net lettable area of approximately 75,353 sq ft, is located close to Hougang MRT station and has significant redevelopment potential.
- Development Bank of Singapore: Acting in the grant of approximately S$290 million facilities to a developer to finance its purchase and development of the land at Jurong.
- lnders Norddeutsche Landesbank Girozentrale and United Overseas Bank: Acting in the S$250.5 million facility granted to the owners of 78 Shenton Way to refinance their acquisition thereof.
- The Legal 500 Asia Pacific: Recommended lawyer for Real Estate & Construction, 2016, 2008 – 2011
- Asialaw Profiles: Leading lawyer in Real Estate, 2011
- Co-author, "A New Avenue In The Law Of Easements In Singapore", Property Notes, Issue 01 / 2016
- Co-author, "Developing Greater Confidence In The Private Residential Property Market", Rodyk Reporter - Property Notes, July 2015
- Co-author, "Control Of Commercial Use After The Developers Sell", Rodyk Reporter - Property Notes, December 2013
- Author, "The Housing Developers (Amendment) Rules 2012 - The Impact Of The New Form Of Sale And Purchase Agreement On Developers", Rodyk Reporter - Property Notes, December 2012
- Co-author, "Contract For The Sale Of Land: Deal Or No Deal?", Rodyk Reporter - Property Notes, September 2010
Activities and Affiliations
- Developing & Investing In Singapore Real Estate 2011, The Rodyk [now Dentons Rodyk] 150th Anniversary Celebrations Client Seminars, September 30, 2011
- The Mortgagee's Rights Against The Mortgagors' Real Property Assets, March 18, 2009
Prior and Present Employment
- Senior Partner, Dentons Rodyk (formerly Rodyk & Davidson LLP) (2006 - present)
- Rodyk & Davidson (2000 - 2005)
- Allen & Gledhill (1993 - 2000)