The 21,649sq ft bungalow is located a stone s throw from the Singapore Botanic Gardens.- ST
SINGAPORE (The Straits Times/ANN): The family of Singapore s richest billionaire, a co-founder of Sichuan hotpot chain Haidilao, is buying a freehold good class bungalow (GCB) in Gallop Road at the highest price per square foot for the area.
According to documents seen by The Straits Times, the option to purchase the 21,649sq ft bungalow, located a stone s throw from the Singapore Botanic Gardens, was granted to Zhang Hanzhi at S$42 million on Dec 22.
This works out to $1,940 psf, which analysts say is the highest price per square foot paid for a GCB in that area.
SINGAPORE - The family of Singapore s richest billionaire, a co-founder of Sichuan hotpot chain Haidilao, is buying a freehold good class bungalow (GCB) in Gallop Road at the highest price per square foot for the area.
According to documents seen by The Straits Times, the option to purchase the 21,649 sq ft bungalow, located a stone s throw from the Singapore Botanic Gardens, was granted to Mr Zhang Hanzhi at $42 million on Dec 22.
This works out to $1,940 psf, which analysts say is the highest price per square foot paid for a GCB in that area.
Mr Zhang Hanzhi is the son of Mr Zhang Yong, the chairman of Haidilao International Holding, which went public in Hong Kong in September 2018.