Thursday, November 30, 2023

Following recent revelations, Dr. Evelyn Tao, the spouse of Three Arrows Capital (3AC) co-founder Su Zhu, has repurposed their residence into a thriving urban farmstead. The estate now features multiple garden beds, diverse composting sections, and a swimming pool transformed into a natural pond.

Urban Farming Oasis Grows Amid Financial Debris of 3AC

In the wake of Su Zhu’s arrest at Singapore’s Changi Airport, a detailed report from The Business Times has uncovered that the residence of the erstwhile cryptocurrency hedge fund manager has metamorphosed into a bucolic sanctuary. Initially valued at $35 million when Zhu and Tao purchased the property, the estate has been creatively overhauled by Dr. Tao.

Situated in Yarwood Avenue, District 21—a neighborhood renowned for its Balinese-style residences—the property now stands as a sprawling urban farm. According to The Business Times, the estate not only boasts multiple gardens and composting areas but also offers fine dining experiences, agricultural workshops, and guided tours of the extensive Good Class bungalow.

The farm focuses on producing “climate-appropriate food” and serves as an extension of Tao’s Abundant Cities Singapore initiative. This initiative is solely dedicated to the research and application of urban and tropical permaculture. Interestingly, Teneo, the liquidator for 3AC, declined to offer any comments about the transformation of the estate when queried.

Su Zhu is presently serving a four-month jail sentence following his arrest, while his associate, Kyle Davies, is yet to be apprehended.

The fall of 3AC can be traced back to its financial troubles following the Terra debacle in May 2022, leading to an official bankruptcy filing two months later, in July 2022. Subsequently, Zhu and Davies initiated another venture called OPNX in 2023. It’s worth noting that creditors involved in the Hodlnaut case recently raised objections against OPNX’s intention to acquire the said firm. On June 30, 2022, Primitive Capital’s Dovey Wan disclosed that the Yarwood Avenue Good Class bungalow, owned by Zhu, was urgently up for sale.

Share your insights and viewpoints on the conversion of Su Zhu’s Singapore property into a thriving farmstead in the comments section below.

Frequently Asked Questions (FAQs) about Urban Farm Transformation

What led to the transformation of the mansion into an urban farm?

The mansion, formerly owned by 3AC co-founder Su Zhu and valued at $35 million, has been transformed into an urban farmstead by his spouse, Dr. Evelyn Tao. The transformation occurred in the aftermath of financial setbacks and Su Zhu’s legal issues, including his arrest and ongoing imprisonment.

Who is behind the Abundant Cities Singapore initiative?

Dr. Evelyn Tao, the spouse of 3AC co-founder Su Zhu, is behind the Abundant Cities Singapore initiative. The initiative is dedicated to urban and tropical permaculture research.

Where is the property located?

The property is located in the Yarwood Avenue area in District 21 of Singapore. The neighborhood is known for its Balinese-styled homes.

What features does the transformed estate offer?

The repurposed estate features multiple garden beds, diverse composting zones, and a swimming pool converted into a natural pond. It also offers fine dining experiences, agricultural workshops, and guided tours.

What is the focus of the food production on the farm?

The urban farm is focused on producing “climate-appropriate food,” aligning with the goals of Dr. Tao’s Abundant Cities Singapore project.

Has the liquidator for 3AC commented on the transformation of the property?

No, Teneo, the liquidator for 3AC, declined to comment on the transformation of the property when asked.

What is the current legal status of Su Zhu and his associate Kyle Davies?

Su Zhu is currently serving a four-month jail sentence following his arrest at Singapore’s Changi Airport. His associate, Kyle Davies, remains at large.

What happened to 3AC and what are Su Zhu and Kyle Davies doing now?

3AC faced financial troubles following the Terra fallout in May 2022 and officially filed for bankruptcy in July 2022. Su Zhu and Kyle Davies have initiated another venture named OPNX in 2023.

More about Urban Farm Transformation


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JohnDoe48 October 5, 2023 - 5:26 pm

Wow, talk about turning a new leaf, literally! Farming in a $35M mansion, thats something you don’t see everyday.

CryptoQueen October 5, 2023 - 7:05 pm

interesting how Dr. Evelyn Tao shifted gears from high finance to permaculture. Its like, when life gives you lemons, make lemon trees.

PermacultureFan October 5, 2023 - 7:38 pm

This is exactly what we need more of. Utilizing urban spaces for sustainable living, good on Dr. Tao!

GreenThumb21 October 5, 2023 - 8:37 pm

I’m totally into the urban farming vibe. But whats “climate-appropriate food” exactly?

Foodie101 October 5, 2023 - 9:00 pm

Fine dining at a farm, located in a mansion? sign me up for that agricultural class and a table for two please.

LawAndOrder October 5, 2023 - 10:22 pm

Su Zhu is in jail and Kyle Davies is on the run, yet their property is becoming a farming paradise? the irony is rich.

RealEstateMogul October 6, 2023 - 2:43 am

Yarwood Avenue in District 21, huh? That’s prime real estate. converting it into a farm is def a bold move.

SkepticalInvestor October 6, 2023 - 12:41 pm

OPNX in 2023, after the whole bankruptcy thing? risky business, wonder how that will turn out.


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