Hin Leong founder O. K. Lim's Second Avenue good class bungalow put up for sale by tender

Hin Leong founder Lim Oon Kuin's good class bungalow in Second Avenue in Bukit Timah. PHOTOS: KNIGHT FRANK SINGAPORE
Last month, a $28.5 million offer was reportedly made for the District 10 GCB. PHOTO: KNIGHT FRANK SINGAPORE
The Straits Times understands that a valuer on Aug 31 valued the property at $31 million. PHOTO: KNIGHT FRANK SINGAPORE
The freehold GCB is one of nine properties in Singapore and Australia that are among assets frozen by the High Court. PHOTO: KNIGHT FRANK SINGAPORE
New: Gift this subscriber-only story to your friends and family

SINGAPORE - Beleaguered Hin Leong founder Lim Oon Kuin's good class bungalow (GCB) in Second Avenue in Bukit Timah, now under a court-ordered asset freeze injunction, has been put up for sale by tender.

The Straits Times understands that the property, based on recent valuation reports, is valued at between $30 million and $31 million, and that a $31 million offer has been made for the GCB prior to the tender launch.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Follow ST on LinkedIn and stay updated on the latest career news, insights and more.