The area, located in District 10, is one of the most affluent residential areas in Singapore and is in close proximity to Holland Village and Leedon Park.
The home itself is spectacular primarily because GCBs are considered to be the most elite form of landed housing in Singapore.
Tong s new GCB was built in the 1990s and was previously occupied by a doctor. The deal for the property was made a few months ago and was only recently completed. The couple is expected to begin redeveloping the 21,637 sq ft property soon.
News of the property purchase comes just as Grab is working on a US$40 billion Special Purpose Acquisition Company (SPAC) deal which is expected to conclude towards the end of 2021.
Singapore
THE Good Class Bungalow (GCB) market is on a roll.
List Sotheby s International Realty s analysis of URA Realis caveats data shows that year to date (with the latest transaction dated June 18), there have been 50 deals in GCB Areas totalling nearly S$1.4 billion. This is higher than the total for the whole of last year - 46 deals amounting to S$1.1 billion.
The action is expected to continue, with attractive new offerings on the market.
Among them is a bungalow in Cluny Hill with a freehold land area of 18,010 sq ft. Word in the market is that the pricing expectation is about S$3,200-3,400 per square foot (psf) on land area, which would translate to around S$57.6 million to S$61.2 million.
Sâpore gaming chair company co-founder buys luxury properties worth S$51 million
The secret game of Secretlab s Ian Ang purchasing power and motivations revealed.
Photo: Taken from Google Maps and LinkedIn
Share
- Advertisement -
Singapore â 28-year-old chief executive officer and co-founder of homegrown gaming chair company Secretlab, Ian Ang, recently purchased two luxury properties worth S$51 million.
Mr Ang, who won the EY Entrepreneur of the Year award for consumer products in 2020, purchased a Good Class Bungalow (GCB) at 27 Olive Road in Caldecott Hill Estate worth S$36 million and another five-bedroom triplex penthouse at Leedon Residence for S$15 million, reported Property portal EdgeProp on Jun 29.
2016
Heading down Nicoll Highway past the unmistakable Esplanade, not many might know that behind this unique ‘wave-shaped building’ is actually a 5-star hotel hotel, top-end commercial space and ultra-luxury residence – all intertwined into a singular elite lifestyle hub.
Home to the world’s first beer-infusion lab and a host of other dining curiosities, you’ll find this area to be worth an entire Sunday’s exploration (and more).
From the get-go, tip-top transport convenience and panoramic residential sky decks on the 22nd and 32nd floor of the residence vaguely hint at the price premiums that tenants/owners fork out for a unit here.
Holland Rise GCB site up for sale with S$68m indicative price businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.