The customer is Lim Wan Looi, spouse of Fragrance Group founder and also executive chairman James Koh, who has been on a buying spree of bungalow sites this year, beginning with the acquisition of a 25,272 sq ft, estate GCB plot for $24.8 million on Lornie Road in Caldecott Hill Estate in January, based on a caveat lodged with URA Realis. Before that, he bought a 21,046 sq ft, estate cottage site at Hillside Drive for $19.25 million ($ 915 psf), according to a caveat lodged last September.
The Good Class Bungalow (GCB) has actually been very energetic in current months, with three transactions done above $40 million over the past month. The current is a Good Class Bungalow remaining on a 29,435 sq ft, estate website at Bishopsgate cost $65 million ($ 2,208 psf). It’s an old, single-storey cottage that is set back from the highway, shrouded by trees. …
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