Singapore Real Estate ARA Asset Management Co-Founder & Billionaire with $1.2 Billion Fortune John Lim Family Office (JL Family Office) Sells Singapore Conservation Shophouse at 65 Club Street for $16.2 Million (S$21 Million) to Singapore Newly Setup Family Office Asia Success Management, JL Family Office Bought Property for S$15.7 Million in 2020 (Selling Price at +33.8% Higher at S$21 Million)
7th October | Hong Kong
Singapore real estate ARA Asset Management co-founder & billionaire with $1.2 billion fortune John Lim family office (JL Family Office) is selling a Singapore conservation shophouse at 65 Club Street for $16.2 million (S$21 million) to a Singapore newly setup family office Asia Success Management (Incorporated 2024). In 2020, JL Family Office bought the property for S$15.7 million, with the selling price at +33.8% higher at S$21 million. JL Family Office – The JL Family Office was established in 2012 by Asia Pacific real estate veteran, John Lim, to manage the family wealth as well as its philanthropic initiatives. It comprises four core divisions: Real Estate, Financial Trading & Group Treasury, Private Equity & Venture Capital and Philanthropy. Our young, dynamic team is guided by an East-meets-West management approach, bound by the Confucian virtues of 仁 (Benevolence), 义 (Righteousness), 礼 (Respect), 智 (Wisdom), 信 (Trust), while upholding Western standards in institutional deal-making and execution. As a family office focused on sustainable progress and building meaningful business relationships, we aim to create an enduring family legacy that lasts generations. John Lim – Mr John Lim is the Chairman of JL Family Office. He currently sits on the board as a Non-Executive Director for ARA Asset Management (Fortune) Limited, ARA Asset Management (Prosperity) Limited and Hui Xian Asset Management Limited. Mr Lim is Chairman of the Asia Pacific Real Estate Association (APREA) and Chairman of the Consultative Committee to the Department of Real Estate, National University of Singapore. He is also a Board Member to the Board of the Building and Construction Authority of Singapore (BCA). Mr Lim co-founded ARA Asset Management in 2002 and was its Group CEO for 18 years and Deputy Chairman from February 2021 to January 2022. He was the Senior Advisor and Non-executive Director of ESR Cayman Limited and serves as a Non-executive Director of ARA Trust Management (Suntec) Limited until his resignation in January 2025. Mr Lim has over 40 years of experience in the real estate industry and has received many notable corporate awards. These include the PERE Global Awards 2020 and 2016 Industry Figure of the Year: Asia, Ernst & Young Entrepreneur Of the Year Singapore 2012 and the Outstanding CEO of the Year 2011 at the Singapore Business Awards 2012. Mr Lim, along with the Board of Directors of ARA, was a recipient of the prestigious Best Managed Board (Gold) Award at the Singapore Corporate Awards 2012. In 2017, he was conferred the Public Service Medal (PBM) by the President of Singapore in recognition of his contributions to the community. Mr Lim holds a Bachelor of Engineering (First Class Honours) in Mechanical Engineering, a Master of Science in Industrial Engineering, as well as a Diploma in Business Administration, each from the National University of Singapore
“ Singapore Real Estate ARA Asset Management Co-Founder & Billionaire with $1.2 Billion Fortune John Lim Family Office (JL Family Office) Sells Singapore Conservation Shophouse at 65 Club Street for $16.2 Million (S$21 Million) to Singapore Newly Setup Family Office Asia Success Management, JL Family Office Bought Property for S$15.7 Million in 2020 (Selling Price at +33.8% Higher at S$21 Million) “
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Singapore Real Estate ARA Asset Management Co-Founder & Billionaire with $1.2 Billion Fortune John Lim Family Office (JL Family Office) Sells Singapore Conservation Shophouse at 65 Club Street for $16.2 Million (S$21 Million) to Singapore Newly Setup Family Office Asia Success Management, JL Family Office Bought Property for S$15.7 Million in 2020 (Selling Price at +33.8% Higher at S$21 Million)
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