Supermax founder Stanley Thai buys luxury condominium in the United States


KUALA LUMPUR (February 23): Founder of rubber glove maker Supermax Corp Bhd Datuk Seri Stanley Thai Kim Sim and his wife Datin Seri Cheryl Tan Bee Geok have acquired 3,438 square foot luxury condominium in Sunny Isles Beach in the US state of Florida, The real deal reported, citing property records.

The real deal reported on February 16, 2021 that Thai and Tan had acquired the condominium known as Unit 4800 at Residences by Armani / Casa, a 56-story, 308-unit tower located at 18975 Collins Avenue. It was reported that the project, which ended in late 2019, is a joint venture between Related Group and Dezer Development.

The condominium was designed by César Pelli, the internationally renowned architect who created the Adrienne Arsht Center for the Performing Arts in Miami. It was the last project he designed before his death in July 2019.

The Argentine-American architect is also the architect of the Petronas Twin Towers, one of the tallest buildings in the world.

Residences in Armani / Casa units vary in size from 1,350 square feet to 4,700 square feet. In 2019, condominium units cost between US $ 1.6 million (RM 6.5 million) to over US $ 17 million for the penthouse furnished by Giorgio Armani.

However, the report does not specify how much money Thai and Tan paid for the condo.

“The owners of one of the world’s largest producers of rubber gloves, who became a billionaire during the pandemic, have purchased a luxury condo in Sunny Isles Beach.

“The joint venture between Related Group and Dezer Development has sold the 4800 unit of the Armani / Casa residences to Kim S. Thai and Bee G. Tan, according to property records. Stanley Thai Kim Sim and Cheryl Tan Bee Geok founded Supermax Corp, a latex glove manufacturing company based in Malaysia.

“MV Group USA, led by Manny Varas, built the 3,438 square foot unit, with interiors designed by Giorgio Armani. It includes four bedrooms, five full baths and a powder room, according to property records. The real deal reported.

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