A 32,000 sq ft industrial building in Bukit Merah that was put up for sale on Dec 2 for around S$50 million has had its listing mysteriously taken down.
The property at 2 Jalan Kilang Barat is reportedly tied to 38-year-old Cambodian scam tycoon Chen Zhi, chairman of Cambodia-based conglomerate Prince Holding Group. According to The Straits Times, the building was delisted on Dec 5 without any explanation.
The building is owned by 25-year-old Chen Xiaoxuan, who is reportedly cooperating with the Singapore Police Force in their investigation into Chen Zhi. She is also listed as director of Supreme Cars Financial Services, Rolls Platform, and Cars and Coffee Leasing – all sharing the same address.
Chen Xiaoxuan’s father, Tan Yew Kiat, 49, was arrested for suspected money laundering in November 2025 after police raided his office on Kung Chong Road in connection with the U.S. investigation into Chen Zhi.
The building reportedly houses 11 companies linked to Chen Zhi. Originally from China, he heads the Prince Group which operates in property development and financial services. On Oct 14, the U.S. and U.K. imposed sanctions on Chen Zhi and his Singaporean advisor Chen Xiuling (also known as Karen Chen) over alleged wire fraud, money laundering, and involvement in forced labour scams across Cambodia.
Two other Singaporeans, Nigel Tang Wan Bao Nabil, 32, and Alan Yeo Sin Huat, 53, were also sanctioned. The U.S. investigation identified the Jalan Kilang Barat property as the Singapore address for 11 companies linked to Chen Zhi and three linked to Chen Xiuling.
The SPF moved against Chen Zhi and his associates on Oct 30, seizing or freezing over S$150 million in assets, including luxury vehicles and a yacht. The U.S. authorities also seized upwards of US$15 billion (S$18 billion) in Bitcoin and additional assets tied to the organisation.
Chen Zhi has been formally charged by the U.S. and currently remains at large, though the SPF has confirmed he is not in Singapore. The scale of this operation is really huge sia – billions of dollars involved!
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