Lim Kim San estate sells Dalvey Rd GCB site for S$93.9m
Singaporean member of Taiwan's Tsai family understood to be buying the freehold property
Add BT as a preferred source
Singapore
THE estate of the late Lim Kim San has sold a freehold Good-Class Bungalow along Dalvey Road for S$93.9 million - or S$1,804 per square foot based on the 52,059 sq ft land area. The elevated site is large enough to be redeveloped into three bungalows.
The buyer is understood to be a Singaporean member of the Tsai family of Taiwan. The family controls Homax Equity, a vehicle that its founder, billionaire Tsai Tseng Yu, has used to make real-estate investments since he struck out on his own in 2010, after having sold his shares in Cathay Financial Holding to his brothers.
TRENDING NOW
DeepSeek founder Liang Wenfeng becomes the world’s richest AI model creator
A new kind of ‘ceasefire’ between US and Iran where talks, strikes are part of the same process
Early payout from Philippines’ Maharlika Investment Fund raises eyebrows over its true nature
Family businesses fail when members overstep their roles
