On a secluded, leafy street in Singapore, supermarket billionaire Lim Hock Leng lives in a $50 million bungalow.
TA.LE Architects
Lim is the co-owner and managing director of Singapore's third-largest supermarket chain, Sheng Siong, which operates more than 60 stores in the city-state.
Lim's older brother, Lim Hock Chee, is Sheng Siong's CEO, while the eldest brother, Lim Hock Eng, is executive chairman. Together, the three brothers own a majority stake in the company, putting their combined net worth at $1.2 billion, according to Forbes.
Lim's home is a "good class bungalow," Singapore's most rare and coveted type of real estate.
TA.LE Architects
The city-state has a limited number of good class bungalows, making them a status symbol reserved for the ultra-wealthy.
The design of Lim's home combines a historic Singapore bungalow with an ultra-modern home.
"From the front, it looks very unassuming," one local real-estate agent, who has visited the home and wished to remain anonymous, told Insider. "But if you look from the back it's a monstrous house that towers over the whole neighborhood."
The back of the home shows off the modern addition that was designed as "as a series of stepped terraces with green roofs," according to the architecture firm.
TA.LE Architects
Singapore-based architecture firm Ta.le Architects oversaw the restoration of the colonial bungalow and designed the new bungalow.
Lim paid 35 million Singapore dollars - or about $26.2 million - for the land and the historic colonial bungalow in 2015, a spokesperson for his company confirmed to Insider.
TA.LE Architects
The executive then spent roughly SG$30 million ($22.4 million) to restore the bungalow and build the attached modern bungalow, which was completed in 2018, the spokesperson said.
That brings Lim's total investment in the property to nearly $50 million.
The third courtyard on the lowest level of the home is where you'll find the 98-foot swimming pool, which extends from indoors to outside of the house.
TA.LE Architects
Above the pool is a staircase designed to "glow in the night," according to the architects.
Last month, Lim gave a tour of his home to the South China Morning Post and told the publication that he shares his home with different generations of his family.
TA.LE Architects
When he set out to build the house, Lim said he told the architects, "'You are building this house for my neighbors, not me.'"
TA.LE Architects
"When you build a house, that house has to become scenery for your neighbors," Lim told the Post during the tour.
Lim told the Post that he considers spending so much money on a house to be a bit "extravagant."
TA.LE Architects
But for Lim, the cost was justified. His father always wanted the whole family to live together but couldn't afford a large enough home, Lim said, so he sees the house as realizing his father's dream.