{"id":44559,"date":"2021-10-20T11:39:29","date_gmt":"2021-10-20T03:39:29","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=44559"},"modified":"2022-06-13T17:29:53","modified_gmt":"2022-06-13T09:29:53","slug":"ok-lim-hin-leong-bukit-timah-gcb-sold-s33-39-million","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/ok-lim-hin-leong-bukit-timah-gcb-sold-s33-39-million\/","title":{"rendered":"O.K Lim\u2019s Bukit Timah GCB to be sold for S$33.39 million\u00a0"},"content":{"rendered":"
<\/div>

Lim Oon Kuin, founder of the collapsed oil trading group Hin Leong, and his wife Tan Sook Eng, are selling their good class bungalow (GCB) in Second Avenue for S$33.39 million.<\/p>\n

The buyer is Ng Poh Choo, wife of former executive chairman of logistics group Cogent, Tan Yeow Khoon. Cogent was bought out by Cosco Shipping International (Singapore) for S$488.07 million, and delisted from the Singapore Exchange in 2018.<\/p>\n

Spanning 19,984 sq ft, the sale price of the GCB translates to S$1,670.84 psf. The GCB features a garden, swimming pool, large car porch and a squash court in the basement. You can also view the listing here<\/a>.<\/p>\n

\"Interior<\/a>
Interior of 5 Second Avenue GCB.<\/figcaption><\/figure>\n

It was sold through a tender exercise by Knight Frank that closed on 30 September, with an initial asking price of S$34 million. According to Straits Times<\/a>, an offer for the GCB was made last year for S$27 million, but the deal fell through amid the firm\u2019s financial problems. Before the launch of the tender, a S$31 million offer was made.<\/p>\n

In an earlier press release<\/a>, the agency noted that a 14,667 sq ft GCB in Second Avenue had been sold for S$30 million in July this year, translating to S$2,045 psf.<\/p>\n

In the same month, Razer CEO Tan Min-Liang had bought a GCB<\/a> for S$52.8 million at the neighbouring Third Avenue.<\/p>\n

What do you think of this Second Avenue GCB purchase? Let us know in the comments section below or on our Facebook post<\/a>.\u00a0<\/b><\/h2>\n

If you found this article helpful, 99.co recommends TikTok CEO buys S$86m GCB \u2013 it\u2019s official, tech and gaming-related entrepreneurs are buying Good Class Bungalows<\/a> and Lee Hsien Yang and wife put Caldecott Close bungalow in GCB area for sale for S$16.8m<\/a>.<\/p>\n

Looking for a property? Find the home of your dreams today on Singapore\u2019s fastest-growing property portal 99.co<\/a>! If you would like to estimate the potential value of your property, check out 99.co’s Property Value Tool<\/a> for free. Meanwhile, if you have an interesting property-related story to share with us, drop us a message here<\/a> \u2014 and we\u2019ll review it and get back to you.<\/p>\n","protected":false},"excerpt":{"rendered":"

Lim Oon Kuin, founder of the collapsed oil trading group Hin Leong, and his wife Tan Sook Eng, are selling their good class bungalow (GCB) in Second Avenue for S$33.39 million. The buyer is Ng Poh Choo, wife of former executive chairman of logistics group Cogent, Tan Yeow Khoon. Cogent was bought out by Cosco…<\/p>\n","protected":false},"author":111,"featured_media":44561,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_lmt_disableupdate":"no","_lmt_disable":"no","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[53593,53912,57131],"tags":[55026,55027,56773],"persona":[],"class_list":{"2":"type-post","13":"entry","14":"has-post-thumbnail"},"acf":[],"yoast_head":"\nO.K Lim\u2019s Bukit Timah GCB to be sold for S$33.39 million\u00a0 - 99.co<\/title>\n<meta name=\"description\" content=\"The buyer is Ng Poh Choo, wife of former executive chairman of logistics group Cogent, Tan Yeow Khoon. 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