O.K. Lim's Third Avenue GCB sold at just below $26.5m
The Straits Times|November 23, 2023
A two-storey good class bungalow (GCB) in Bukit Timah that belonged to beleaguered Hin Leong Trading founder Lim Oon Kuin, better known as O.K. Lim, has been sold for just under $26.5 million to a Singapore family.
Grace Leong
O.K. Lim's Third Avenue GCB sold at just below $26.5m

Located in the prime First/ Third Avenue GCB area, the $26.5 million price works out to around $1,818 per square foot (psf).

The freehold GCB was put up for sale by public tender at $30 million in September.

Ms Mary Sai, executive director of capital markets at Knight Frank Singapore, declined to reveal the identity of the buyer, but said: "The family liked it for its location and it is very near amenities in the Orchard Road area. They are buying for their own stay."

She added: "There were more than 20 inquiries for the property"

The property at 20 Third Avenue sits on a 14,576 sq ft plot with a total gross floor area of about 10,000 sq ft.

It is located near the Sixth Avenue MRT station and amenities at the upcoming One Holland Village, and Tanglin Mall and Gleneagles Medical Centre and Hospital.

This is the second property, among several Singapore properties under a High Court-ordered freeze of the Lim family's assets, that was put up for sale.

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