Updated on:12/07/2025 05:06 PM 
In a remarkable transformation that mirrors the volatile journey of cryptocurrency markets itself, a luxury $35 million villa in Singapore once owned by Su Zhu, co-founder of the now-defunct crypto hedge fund Three Arrows Capital (3AC), has been repurposed into a thriving urban ecological farm. This dramatic shift from high finance to sustainable agriculture showcases an unexpected pivot in the former crypto mogul's post-3AC endeavors.
The prestigious Yarwood Avenue property, classified as Singapore's most exclusive Good Class Bungalow (GCB), has been converted into an innovative urban farming operation through Abundant Cities, an enterprise co-founded by Zhu's wife, Dr. Evelyn Tao, and Sarah Lewis. According to the company's mission statement, Abundant Cities "advances research into urban food security" while致力于创建 "a more sustainable city and community."
Purchased in December 2021 for S$48.8 million (approximately $35 million), the luxury residence stands in stark contrast to its current agricultural purpose. Notably, this valuable asset was not included among 3AC's liquidated holdings, with reports indicating that Zhu had previously attempted to sell the property following the collapse of his crypto empire.
The villa's transformation comes amid legal challenges for Zhu, who was recently apprehended at Singapore's Changi Airport while attempting to leave the country. The former cryptocurrency entrepreneur and his business partner Kyle Davies remain under investigation by Singaporean authorities, who have imposed multi-year trading bans on both individuals following accusations of uncooperation from 3AC liquidators Teneo.
Today, the once opulent residence serves as Abundant Cities' tropical research and development headquarters, featuring a comprehensive ecosystem blending agriculture and aquaculture. The sprawling compound now cultivates diverse local produce including okra, spinach, beans, and various herbs and fruits, while simultaneously raising fish, chickens, and ducks in a harmonious farming environment.
Perhaps most striking is the conversion of the villa's swimming pool into a natural aquatic ecosystem, complete with aquatic plants, diverse fish species, and freshwater shrimp. This innovative repurposing exemplifies the project's commitment to sustainable land use and urban food production.
As cryptocurrency markets continue to evolve, the transformation of this luxury property represents a significant shift in how former crypto entrepreneurs are channeling resources toward sustainable development and food security initiatives. This urban agricultural hub stands as a testament to innovative approaches to addressing urban challenges through blockchain-adjacent ventures focused on tangible, community-focused solutions.
