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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
Published Fri, Oct 5, 2018 · 09:50 PM
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.
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