The Property Sells for S$2,507 psf, Bought by Mapletree CEO’s Children

The Tanglin Hill bungalow previously owned by convicted Hin Leong founder Lim Oon Kuin, also known as OK Lim, has been sold for S$39.2 million. The price translates to S$2,507 per square foot (psf) based on the 15,636 sq ft freehold land area.

The buyers are reportedly the children of Mapletree Investments CEO, Hiew Yoon Khong. The property, completed in the 1990s, is a two-storey detached house located in the prestigious Ridley Park Good Class Bungalow (GCB) Area. It offers a built-up area of 8,110 sq ft, including five bedrooms, a helper’s room, a living and dining area, a swimming pool, landscaped garden, and car porch.

The sale marks another significant real estate transaction in Singapore’s luxury property market, with GCBs continuing to attract high-net-worth buyers.