Fallen Singapore oil tycoon OK Lim puts GCB up for sale for $43m

OK Lim last month was found guilty of three criminal charges.

Another good class bungalow (GCB) of disgraced Singapore oil tycoon Lim Oon Kuin, commonly known as OK Lim, hit the market with an asking price of $43m.

Knight Frank late last week launched the sales campaign for a five-bedroom GCB on Tanglin Hill belonging to the now-convicted OK Lim. The tender closes on Tuesday, 19 July 2024 at 3:00 PM.

The guide price works out to $2,750 per square foot of its 15,636 sf land area. To be sold vacant, the property has a built floor area of 8,110 sq ft featuring 5+1 bedrooms, living and dining areas, a swimming pool, a garden and a car porch.

It sits within an exclusive cul-de-sac at Tanglin Hill, accessible via Tanglin Road and close to Napier and Orchard Boulevard MRT stations.

The sales campaign came a month after the founder of failed oil trading firm Hin Leong Trading was convicted of two cheating cases and one count of abetting forgery amounting to over US$111.7m.

This marks Lim’s latest GCB to go up for sale, following its GCB at 20 Third Avenue which was put on the market late last year for $30m or over $2,058 psf.

Follow the link for more news on

Knight Frank

Good Class Bungalow

A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia