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.