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Hin Leong founder O.K. Lim gets $28.5m offer for his Bukit Timah good class bungalow

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Hin Leong founder O.K. Lim gets $28.5m offer for his Bukit Timah good class bungalow

SINGAPORE – A $28.5 million offer has been made for one of beleaguered Hin Leong founder Lim Oon Kuin’s good class bungalows (GCBs) now under a court-ordered asset freeze injunction, The Straits Times has learnt.

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The freehold GCB in Second Avenue in Bukit Timah is one of nine properties in Singapore and Australia that are among assets frozen by the High Court to recoup US$3.5 billion (S$4.75 billion) in debt from the collapsed oil trader.

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