Co-founder of hot pot chain Haidilao, Shi Yonghong, has spent $50 million to purchase a Cluny Hill good class bungalow (GCB). And he purchased it from none other than Dr Lee Wei Ling, the daughter of the late founding prime minister Lee Kuan Yew. According to The Straits Times, Shi (also known as Sean Shi) legally acquired ownership of the.
SINGAPORE - A sprawling mansion at 5 Oxley Rise, where Jewish businessman Manasseh Meyer and real estate tycoon Cheong Eak Chong once resided, has been put up for sale. The hilltop two-storey bungalow, which sits on a 151,205 sq ft freehold site in prime District 9, is expected to attract offers in excess of $300 million, marketing agent CBRE said.