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Conservation bungalow in Mountbatten, owned by family of Lee Choon Guan, up for sale at $54 5m

Conservation bungalow in Mountbatten owned by family of Lee Choon Guan put up for sale at S$54 5 million guide price

Conservation bungalow in Mountbatten owned by family of Lee Choon Guan put up for sale at S$54 5 million guide price
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$54 5m asking price for conservation bungalow owned by family of Lee Choon Guan

A conservation bungalow in Mountbatten Road owned by the same family for almost a century has been put up for sale at a guide price of S$54.5 million. The freehold heritage property was purchased in 1926 by the family of Lee Choon Guan, who founded the Chinese Commercial Bank in 1912, which eventually merged with Ho Hong Bank and Oversea-Chinese.

The UAE Affirms Its One Billion Dollar Support Commitment to Pakistan

The UAE authorities have confirmed their support of $1bn for Pakistan to the International Monetary Fund according to a tweet by Ishaq Dar, Pakistan's finance minister. The State Bank of Pakistan is said to be "working to obtain the necessary documents to receive the aforementioned deposit from the UAE authorities," said Dar. It is believed that financial bailouts from the International Monetary Fund are vital to Pakistan's economy as the country works to avoid defaulting on its debts.

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