John Lim’s family office sells conservation shophouse at 65 Club Street for S$21 million
Buyer is linked to UHNW Singapore PR; separately, Swiss national pays S$6,274 psf for unit at The Marq on Paterson Hill
[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.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
MAS convenes bank CEOs over AI cyberthreats; boards told to own risks, not leave to IT teams
Is it time to scrap COE categories for cars?