John Lim’s family office sells conservation shophouse at 65 Club Street for S$21 million

[SINGAPORE] JL Family Office – set up by ARA Asset Management co-founder John Lim – is selling a conservation shophouse at 65 Club Street for S$21 million.

This is S$5.3 million or 33.8 per cent higher than the S$15.7 million it paid for the 999-year leasehold property in 2020.

The buyer is Singapore-incorporated Asia Success Management, the primary business of which is single/multiple family office activities.