S'pore building linked to Cambodian scam tycoon, 38, put on sale for S$50 million

A 32,000 sq ft industrial building in Bukit Merah, which was put up for sale on Dec. 2 for around S$50 million, has had its listing taken down.

The property, located at 2 Jalan Kilang Barat, is reportedly tied to 38-year-old Cambodian scam tycoon and chairman of Cambodia-based conglomerate Prince Holding Group, Chen Zhi.

According to The Straits Times (ST), the building was delisted on Dec. 5 without an explanation.

Building owner currently under investigation

Chen Xiaoxuan, 25, who owns the building, is reportedly cooperating with the Singapore Police Force (SPF) in their probe into Chen Zhi.

She is also listed as the director of Supreme Cars Financial Services, Rolls Platform, and Cars and Coffee Leasing —all sharing the same address at 2 Jalan Kilang Barat.

According to ST, the property agent who listed the building did not respond to requests for comment.

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.

Building reportedly houses 11 companies linked to Chen Zhi

Chen Zhi, originally from China, 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 2 Jalan Kilang Barat as the Singapore address for 11 companies linked to Chen Zhi, and three linked to Chen Xiuling.

The property was bought by 2JKB, a company incorporated by Chen Xiaoxuan in December 2022.

Assets seized, Chen Zhi remains at large

In Singapore, 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.

In its takedown effort, the U.S. authorities seized upwards of US$15 billion (S$18 billion) in Bitcoin and additional assets tied to the organisation.

He was also formally charged by the U.S. and currently remains at large.

However, the SPF has confirmed that Chen Zhi is not in Singapore.

Top photos via Google Maps & Prince Holdings