Convicted Singapore oil tycoon’s mansion sold at US$3mil discount; Tanglin Hill bungalow much wanted by many parties

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Convicted Singapore oil tycoon’s mansion sold at US$3mil discount; Tanglin Hill bungalow much wanted by many parties
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PETALING JAYA: Doubles shuttlers Goh Sze Fei-Nur Izzuddin Rumsani continued their solid show to reach the Japan Open final on Aug 24 (Saturday) in Yokohama.

SINGAPORE : A convicted oil tycoon’s mansion is being sold for nearly S$4 million off its original asking price, in a sign of the pressure on valuations in Singapore ’s high-end market despite a recovery in sales.

The Tanglin Hill mansion, near Singapore’s main shopping belt along Orchard Road, sits on about 15,636 square feet of land, and has a swimming pool and five bedrooms. OK Lim, as the disgraced tycoon is better known, owns the property along with his daughter. He was convicted in a Singapore court earlier this year of criminal charges related to cheating HSBC Holdings Plc and instigating a Hin Leong employee to forge documents. He is on bail and due to be sentenced later this year. He also faces a $3.5 billion civil suit from liquidators and creditors.

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Mansion Convicted Tycoon Sold Big Discount

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