Failed 3AC co-founder Su Zhu $35M villa converted into an ecological urban farm

A $35 cardinal villa successful Singapore owned by Su Zhu, the co-founder of failed crypto hedge money Three Arrows Capital (3AC), has reportedly been converted into a farm, section media Business Times reported.

According to the report, the Yarwood Avenue spot has been repurposed into an municipality ecological workplace tally by Abundant Cities, a institution co-founded by Zhu’s wife, Dr. Evelyn Tao, and Sarah Lewis. Per its website, the institution says it “advances probe into municipality nutrient security” and helps to make “a much sustainable metropolis and community.”

The gathering was purchased successful December 2021 for S$48.8 cardinal ($35 million) and is classified arsenic a Good Class Bungalow (GCB), Singapore’s astir prestigious signifier of landed property.

Notably, the plus is not among 3AC’s liquidated assets, and Zhu antecedently attempted to dispose of the building.

Zhu was arrested astatine Singapore Airport past week portion attempting to fly the country. He and his co-founder, Kyle Davies, who remains astatine large, person been accused of being uncooperative by 3AC liquidators Teneo. Subsequently, Singaporean authorities person imposed a multi-year trading prohibition connected them.

Luxury villa turned into farming site

According to the company’s website, the transformed gathering present serves arsenic the company’s tropical R&D basal and headquarters. It has been utilized to make a thriving ecosystem encompassing agriculture and aquaculture, wherever they cultivate section vegetables, herbs, and fruits and rise fish, chickens, and ducks.

Bird Eye View of the Transformed Villa. (Source: Abundant Cities)

The compound’s lawns are present utilized to turn crops similar okra, spinach, beans, etc. The villa’s swimming excavation has transformed into a earthy pond that houses aquatic plants, a divers food population, and shrimps.

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