Mr Lim is resisting the temptation to sell up and cash in on the property boom as his mum does not want to move. -- ST PHOTO: LIM WUI LIANG
EVEN for the ultra rich, condo living still means having to share facilities like pools and tennis courts with neighbours. Unless you're billionaire Peter Lim, that is. Mr Lim, wife Cherie and his 85-year-old mother have an entire 11-storey condo and pool at Ardmore Park to themselves.
No noisy neighbours, no barking dogs, no learner trumpeters practising in the apartment next door.
The family occupy a flat close to 4,000 sq ft at the Abelia condo while the other three maisonettes and a 5,000 sq ft penthouse sit empty, although there is a security guard.
Not that Mr Lim needs the rent.
He made his first fortune as a remisier and another bigger one with shrewd investments in palm oil.
And Abelia - Mr Lim owns 80 per cent and a pal the rest
- is probably worth about $100 million given its primest of prime locations near Orchard Road.
But Mr Lim is resisting the temptation to sell up and cash in on the property boom as his mum Does not want to move.
They like the location and the acres of space, including an underground carpark, which is handy given Mr Lim's pricey collection of 10 cars, Ferraris included.
And while he could sell the Abelia and buy a handful of houses, the posh bungalow life in District 10 doesn't suit him.
The Straits Times
28 July 2007
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