BELEAGUERED Hin Leong group founder Lim Oon Kuin and his wife are selling their freehold bungalow in Second Avenue near Sixth Avenue MRT station for nearly S$33.39 million. The price works out to almost S$1,671 per square foot (psf) on the land area of 19,984 square feet (sq ft).

The buyer is the family of Tan Yeow Khoon, the former executive chairman of logistics group Cogent, which was bought out by Chinese shipping company Cosco Shipping International (Singapore) and delisted from the Singapore Exchange in 2018.

The purchase of the Second Avenue bungalow is being made by Tan’s wife, Ng Poh Choo.