Convicted Singapore oil tycoon’s mansion sold at US$3mil discount; Tanglin Hill bungalow much wanted by many parties
SINGAPORE (Bloomberg): A convicted oil tycoon’s mansion is being sold for nearly S$4 million (US$3.1 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 so-called good class bungalow, co-owned by Lim Oon Kuin, founder of collapsed oil firm Hin Leong Trading...