Wednesday, June 20, 2012

Indonesian tycoon's Singapore home worth S$100m

The Singapore home of the late Liem Sioe Liong, one of Indonesia’s richest men, is valued at approximately S$100 million, according to a report in Indonesia’s TEMPO Interactive.

The 96-year old Indonesian tycoon passed away in Singapore on June 10 from age-related illnesses.

Liem had been living at the house since 1998 after moving to Singapore in the wake of anti-Chinese riots that hit Indonesia.
Located in Katong, the property sits on a massive 86,000 sq ft site and was purchased in 1970 for around S$1 million to S$3 million, according to a relative who spoke to TEMPO but declined to be named. 

The article added that “Only truly wealthy people can afford to buy a house on that site”.

The China-born Liem was involved in a number of lucrative businesses, including banking, foods, cement, television, property, automotive and retail, amongst others.

View the original article here

Source From Property Guru

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