The 999-year leasehold property was put on the market just days after the Lim family agreed to pay US$3.5 billion (S$4.6 billion) to liquidators of the now-defunct oil trading firm.
The asking price of $100 million works out to around $3,366 per sq ft (psf) on a land area of 29,709 sq ft.
Documents show that Lim's wife, Madam Tan Sook Eng, is listed as the sole owner of the GCB. She purchased the property in 2017 for $46 million, which works out to $1,548 psf.
Since October, at least two agents have been marketing Madam Tan's luxe GCB, which has a built-up area of about 20,000 sq ft. The two-storey property boasts six bedrooms and seven bathrooms. It also has a lift, private lap pool, gym room, landscaped garden as well as a drivers' lounge and room for up to 16 cars.
One agent said the property was built more than 15 years ago but underwent a $10 million renovation three years back.
Mr Steve Tay, executive director of Steve Tay Real Estate, said $1,548 psf was a record high for land values in the Queen Astrid Park GCB area back in 2017.
This story is from the November 08, 2024 edition of The Straits Times.
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This story is from the November 08, 2024 edition of The Straits Times.
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