Sale of Hin Leong founder's District 10 bungalow aborted
Bid to buy Second Avenue freehold property at $27m halted amid firm's financial woes
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A Singapore Land Authority search showed that the 1,856.6 sq m freehold good class bungalow in Second Avenue in the Bukit Timah area is held by Mr Lim Oon Kuin, also known as O.K. Lim, and his wife, Madam Tan Sook Eng.
ST PHOTO: CHONG JUN LIANG
The sale of a freehold good class bungalow (GCB) along Second Avenue held by Hin Leong founder Lim Oon Kuin and his wife has been aborted amid the firm's escalating financial woes.
An offer was made to purchase the District 10 freehold property in the Bukit Timah area at $27 million. "But the transaction was not carried out and the sale was aborted," Mr Lim's lawyers said.
