Monday, 18 June, 2012 | 15:12 WIB
Om Liem's House In Singapore Worth Almost Rp1Trillion
TEMPO Interactive, Singapore:After moving to Singapore following the mobs' destruction of his house on Gunung Sahari in May 1998, tycoon Liem Sioe Liong or Sudono Halim and his family stayed at Katong, Mounbatten, Singapore. Om Liem's residential complex in Singapore is no ordinary complex. Only truly wealthy people can afford to buy a house on that site.
"In the past it was only SIN$ 1-3 million [if calculated] now," said Om Liem's relative, who refused to be identified, to TempoTuesday, June 12, 2012.
At that time Om Liem purchased a house on a 8,000 sq.m. site in 1970. "Today its value is estimated at some SIN$100 million or probably close to Rp1 trillion."
Unsurprisingly, Om Liem afforded to buy the luxurious house in the 1970s. The business undertakings of this Fujian-born tycoon dealt in various sectors, banking, foods, cement, television, property, automotives, retail and others. His business empire was one of the icons of economic growth during the New Order administration. He developed his businesses under the protection of President Soeharto.
Y TOMI ARYANTO | RINA WIDIASTUTI