Over the weekend, Sichuan hot pot chain Haidilao International’s co-founder Shi Yonghong, was reported to have paid $50 million for a Good Class Bungalow (GCB) at Cluny Hill from Dr Lee Wei Ling, the daughter of the late Prime Minister Lee Kuan Yew and sister of Prime Minister Lee Hsien Loong. The bungalow sits within the Cluny Hill GCB Area,.
In a land-scarce country like Singapore, Good Class Bungalows (GCB) are highly respected as a legendary symbol of wealth and power – and with good reason. First introduced into Singapore and Malaya in the 1830s by the British, these majestic houses are commonly nestled in a vast swathe of land and surrounded by lush expanses of greenery. They’re seemingly large.