Singapore Founding Prime Minister Lee Kuan Yew Singapore 12,060 Sq Ft Family House at 38 Oxley Road to be Acquired by Singapore Government after Gazetted as Singapore 77th National Monument in 2025 December (12/12/25), Currently Owned by Lee Kuan Yew Youngest Son Lee Hsien Yang (38 Oxley Road Pte Ltd, Lee Hsien Yang Son Li Huanwu is Director), Lee Hsien Yang Will be Compensated after Review by Professional Valuer, Compensation of $24 Million if Compensation at $2,000 Per Sq Ft, $36 Million if Compensation at $3,000 Per Sq Ft, $48 Million if Compensation at $4,000 Per Sq Ft, Lee Hsien Yang Can Appeal on Compensation Amount Within 28 Days
30th January | Hong Kong
Singapore founding Prime Minister Lee Kuan Yew Singapore 12,060 sq ft family house at 38 Oxley Road will be acquired by the Singapore Government after being gazetted as Singapore 77th national monument (12/12/25) in 2025 December. 38 Oxley Road is currently owned by Lee Kuan Yew youngest son Lee Hsien Yang (Oxley Road Pte Ltd, Lee Hsien Yang son Li Huanwu is Director). Lee Hsien Yang will be compensated after review by a professional valuer. Eg. Lee Hsien Yang will receive compensation of $24 million if compensation is at $2,000 per sq ft, $36 million if compensation at $3,000 per sq ft, and $48 million if compensation at $4,000 per sq ft. Lee Hsien Yang is able to appeal on the compensation amount within 28 days. In 2025 December, Singapore founding Prime Minister Lee Kuan Yew Singapore 12,060 sq ft family house at 38 Oxley Road was gazetted as Singapore 77th national monument. Announcement (12/12/25): “The site at 38 Oxley Road (the “Site”) was gazetted today as Singapore’s 77th National Monument. Acting Minister for Culture, Community and Youth (CCY) David Neo, having considered the assessment by the Preservation of Sites and Monuments (“PSM”) Advisory Board and the recommendation by the National Heritage Board (“NHB”), has issued a Preservation Order to gazette the Site as a National Monument under the Preservation of Monuments Act 2009 (“PMA”) … … With the issuance of the Preservation Order, the Government intends to acquire the Site to safeguard and preserve it in keeping with its historic significance and national importance. Preserving and acquiring the Site means that it cannot be redeveloped for residential, commercial or other private uses. After acquisition, the relevant authorities will assess the condition of the buildings and structures within the Site, and undertake a detailed study to consider the next steps. While the Government intends to convert the Site into a public space, with one possible outcome being a heritage park, all options, including those outlined by the 2018 Ministerial Committee, will be considered before a decision is made. Regardless of the option taken, the Government has committed to respecting Mr Lee’s wishes to protect his family’s privacy by removing all traces of their private living spaces from the interior of the house. Under no circumstances will the interior of the house as Mr Lee knew, be displayed, recorded, remodelled or duplicated elsewhere.”
“ Singapore Founding Prime Minister Lee Kuan Yew Singapore 12,060 Sq Ft Family House at 38 Oxley Road to be Acquired by Singapore Government after Gazetted as Singapore 77th National Monument in 2025 December (12/12/25), Currently Owned by Lee Kuan Yew Youngest Son Lee Hsien Yang (38 Oxley Road Pte Ltd, Lee Hsien Yang Son Li Huanwu is Director), Lee Hsien Yang Will be Compensated after Review by Professional Valuer, Compensation of $24 Million if Compensation at $2,000 Per Sq Ft, $36 Million if Compensation at $3,000 Per Sq Ft, $48 Million if Compensation at $4,000 Per Sq Ft, Lee Hsien Yang Can Appeal on Compensation Amount Within 28 Days “
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Singapore Founding Prime Minister Lee Kuan Yew Singapore 12,060 Sq Ft Family House at 38 Oxley Road Gazetted as Singapore 77th National Monument, Currently Owned by Lee Kuan Yew Youngest Son Lee Hsien Yang (38 Oxley Road Pte Ltd, Lee Hsien Yang Son Li Huanwu is Director), Lee Hsien Yang Will be Compensated after Review by Professional Valuer, Compensation of $24 Million if Compensation at $2,000 Per Sq Ft & $36 Million if Compensation at $3,000 Per Sq Ft
13th December – Singapore founding Prime Minister Lee Kuan Yew Singapore 12,060 sq ft family house at 38 Oxley Road has been gazetted as Singapore 77th national monument, which is currently owned by Lee Kuan Yew youngest son Lee Hsien Yang (Oxley Road Pte Ltd, Lee Hsien Yang son Li Huanwu is Director). Lee Hsien Yang will be compensated after review by a professional valuer. Eg. Lee Hsien Yang will receive compensation of $24 million if compensation is at $2,000 per sq ft, and $36 million if compensation at $3,000 per sq ft. Announcement (12/12/25): “The site at 38 Oxley Road (the “Site”) was gazetted today as Singapore’s 77th National Monument. Acting Minister for Culture, Community and Youth (CCY) David Neo, having considered the assessment by the Preservation of Sites and Monuments (“PSM”) Advisory Board and the recommendation by the National Heritage Board (“NHB”), has issued a Preservation Order to gazette the Site as a National Monument under the Preservation of Monuments Act 2009 (“PMA”) … … With the issuance of the Preservation Order, the Government intends to acquire the Site to safeguard and preserve it in keeping with its historic significance and national importance. Preserving and acquiring the Site means that it cannot be redeveloped for residential, commercial or other private uses. After acquisition, the relevant authorities will assess the condition of the buildings and structures within the Site, and undertake a detailed study to consider the next steps. While the Government intends to convert the Site into a public space, with one possible outcome being a heritage park, all options, including those outlined by the 2018 Ministerial Committee, will be considered before a decision is made. Regardless of the option taken, the Government has committed to respecting Mr Lee’s wishes to protect his family’s privacy by removing all traces of their private living spaces from the interior of the house. Under no circumstances will the interior of the house as Mr Lee knew, be displayed, recorded, remodelled or duplicated elsewhere.”
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