www.propertyguru.com.sg | 23 Aug 2013
OSIM founder Ron Sim is reportedly selling his good class bungalow (GCB) at Bin Tong Park for S$117 million, which translates to a psf price of around S$2,500. This would set a new record psf price, media reports stated.
The property has an area of about 22,000 sq ft and is located on a hillside slope. The site comprises two plots of freehold land that totals 46,842 sq ft. It features a 25m swimming pool, spa, home theatre, tennis court, private lift, wine cellar and a basement garage for 15 cars.
The property has an area of about 22,000 sq ft and is located on a hillside slope. The site comprises two plots of freehold land that totals 46,842 sq ft. It features a 25m swimming pool, spa, home theatre, tennis court, private lift, wine cellar and a basement garage for 15 cars.
| Danger - Keep out. Good Class Bungalow on fire sale. The fire is so big that it can burn the whole Indonesia forest. --Source: www.wikipedia.org | The house will likely hit a new record based on psf price for a property in the GCB area if successfully sold, said reports which added that Jones Lang LaSalle is the marketing agent. Currently, the record price for a GCB belongs to a S$2,110 psf-priced |
property sold by bungalow investor George Lim last October. The Leedon Park site was completed in 2011 for S$33 million and features six-bedrooms and a pool.
The latest sale exercise follows a trend of deals done by prominent local businessmen, including Simon Cheong’s (SC Global) S$42.5 million Cornwall Gardens home.
Moreover, a Nassim Road bungalow owned by Wing Tai Chairman Cheng Wai Keung and his wife Helen, was launched for sale in April. The price expectation on that sale is between S$250 million to S$300 million, or around S$2,947 – S$3,536 psf.
The latest sale exercise follows a trend of deals done by prominent local businessmen, including Simon Cheong’s (SC Global) S$42.5 million Cornwall Gardens home.
Moreover, a Nassim Road bungalow owned by Wing Tai Chairman Cheng Wai Keung and his wife Helen, was launched for sale in April. The price expectation on that sale is between S$250 million to S$300 million, or around S$2,947 – S$3,536 psf.
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