The customer is Lim Wan Looi, better half of Fragrance Group founder and exec chairman James Koh, that has actually been on an acquiring spree of bungalow sites this year, beginning with the acquisition of a 25,272 sq ft, property GCB story for $24.8 million on Lornie Road in Caldecott Hill Estate in January, based upon a caveat lodged with URA Realis. Prior to that, he bought a 21,046 sq ft, estate cottage website at Hillside Drive for $19.25 million ($ 915 psf), according to a caveat lodged last September.
The GCB at Bishopsgate that lately changed hands for $65 million rests on a property website of 29,435 sq ft.
The GCB at Coronation Road West recently changed hands for $47.288 million.
According to resources, the acquisition price was $40.5 million ($ 2,517 psf), as well as the deal is said to be brokered by Knight Frank.
The acclaimed bungalow was thought to be finished at some time in 2015. A home title search shows that the cottage is currently possessed by Esmond Choo, supervisor of UOB Kay Hian that retired at the end of April this year.
At Coronation Road West, an additional GCB is stated to have actually transformed hands for $47.288 million ($ 1,661 psf). A residential property title search showed that a deal had actually taken place on July 4. The cottage sits at the edge of Coronation Road West and Holland Road. It is an eight-bedroom mansion with a 20m swimming pool remaining on a property website of 28,474 sq ft.
The Good Class Bungalow (GCB) has been very energetic in current months, with 3 transactions done over $40 million over the previous month. The most recent is a Good Class Bungalow resting on a 29,435 sq ft, estate site at Bishopsgate sold for $65 million ($ 2,208 psf).
The Good Class Bungalow (GCB) has been very active in current months, with 3 purchases done above $40 million over the previous month. The newest is a Good Class Bungalow sitting on a 29,435 sq ft, property site at Bishopsgate marketed for $65 million ($ 2,208 psf). The GCB at Bishopsgate that just recently transformed hands for $65 million sits on an estate website of 29,435 sq ft.
At Coronation Road WestRoadway another GCB is said to have changed hands for $47.288 million ($ 1,661 psf).
The deal at Coronation Road West was brokered by Steve Tay, elderly associate vice-president of List Sotheby’s International Realty, that decreased to comment. Tay had listed the home for sale at $48 million in 2014.
Meanwhile, at Cornwall Gardens, off Leedon Road, a GCB resting on an estate site of 16,089 sq ft is stated to have actually just transformed hands just recently also. The GCB designed by Chang Architects is claimed to have 6 bed rooms, a gym, amusement spaces, a library and also numerous dining rooms. It also has a roof yard, yard yard, swimming waterfall, swimming pool as well as koi fish pond.