Buyer is linked to UHNWI Singapore PR; separately, Swiss national pays S$6,274 psf for unit at The Marq on Paterson Hill
[SINGAPORE] JL Family Office – set up by ARA Asset Management co-founder John Lim – is selling a conservation shophouse at 65 Club Street for S$21 million.
This is S$5.3 million or 33.8 per cent higher than the S$15.7 million it paid for the 999-year leasehold property in 2020.
The buyer is Singapore-incorporated Asia Success Management, the primary business of which is single/multiple family office activities. The Business Times understands that the company is linked to Dai Jianliang, the chairman of Excellent Associates Group, which is based in Hong Kong and has a business presence in China, Laos and the Philippines.
