The grandson of property tycoon and hotelier Wee Thiam Siew has bought a GCB at Olive Road for $50.2 million earlier in April. This transaction broke the record for the Olive Road GCB area previously set by the $36 million ($1,537 psf for the 23,424 sq ft site) purchase by Secretlab CEO Ian Ang last June. In fact, according to.
Two freehold development sites at Thiam Siew Avenue (District 15) have been sold for $815 million via public tender, which closed on Nov 18, 2021 – making the 263,794 sq ft area the largest land sale recorded in 2021 so far. With Savills Singapore as the exclusive marketing agent, a joint venture between Hoi Hup Realty and Sunway Developments secured.
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