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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.
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