Singapore: Zhu’s bungalow being use for urban farming
Checks by BT showed that the backyard of the 31,862-sq-ft property has been turned into an urban farm known as Yarwood Homestead – with rows of crops, a space for chickens and a fish pond converted from a swimming pool.
The Straits Times/ANN
Oct 4, 2023
Excerpt:
SINGAPORE: A good class bungalow (GCB) linked to Zhu Su, co-founder of failed crypto fund Three Arrows Capital, is now the site of an urban farm managed by a company co-founded by his wife.
The company has been hosting guided tours and private dining sessions at the Yarwood Avenue site since at least the early part of 2023, The Business Times (BT) has found.
Zhu and his wife, Evelyn Tao, bought the bungalow – the most prestigious form of landed housing in Singapore – for S$48.8mil under a trust arrangement for a child. The purchase was completed in March 2022.
The property attracted discussion in mid-2022 after Singapore-based Three Arrows imploded, taking a large part of the crypto market down with it.
The hedge fund’s bankruptcy stoked speculation of a potential sale of the house.
An unverified text message had circulated among property agents in June last year, claiming an urgent sale for a Yarwood GCB.
Liquidators for Three Arrows declined to comment on the matter of the property.
BT understands their focus is on recovering assets that are either the property of Three Arrows or acquired using the firm’s funds. The Yarwood GCB is under the couple’s control.
