Lim Wan Looi, wife of Fragrance Group’s boss, buys Good Class Bungalow at Bishopsgate for $65 mil
The acclaimed bungalow was thought to be completed at some point in 2015. A property title search reveals that the bungalow is presently possessed by Esmond Choo, supervisor of UOB Kay Hian who retired at the end of April this year.
The GCB at Bishopsgate that just recently altered hands for $65 million rests on a property site of 29,435 sq ft.
The GCB at Coronation Road West lately altered hands for $47.288 million.
The Good Class Bungalow (GCB) has been extremely active in recent months, with three purchases done above $40 million over the previous month. The latest is a Good Class Bungalow resting on a 29,435 sq ft, property site at Bishopsgate offered for $65 million ($ 2,208 psf). The GCB at Bishopsgate that just recently altered hands for $65 million rests on a freehold website of 29,435 sq ft.
At Coronation Road WestRoadway another GCB one more said to claimed changed have actually Tengah Plantation Close EC for $47.288 million ($ 1,661 psf). The bungalow rests at the corner of Coronation Road West as well as Holland Road.
At Cornwall Gardens, off Leedon Road, a GCB resting on an estate site of 16,089 sq feet is stated to have actually just changed hands just recently as well. The GCB developed by Chang Architects is claimed to have six bedrooms, a fitness center, entertainment areas, a collection and also several dining rooms. It additionally has a roof covering garden, courtyard garden, swimming pool, falls as well as koi pond.
The Good Class Bungalow (GCB) has actually been extremely active in recent months, with 3 transactions done above $40 million over the previous month. The most recent is a Good Class Bungalow sitting on a 29,435 sq ft, estate website at Bishopsgate marketed for $65 million ($ 2,208 psf).
According to sources, the purchase cost was $40.5 million ($ 2,517 psf), as well as the deal is said to be agented by Knight Frank.
The buyer is Lim Wan Looi, spouse of Fragrance Group creator and exec chairman James Koh, that has gotten on an acquiring spree of bungalow sites this year, beginning with the acquisition of a 25,272 sq ft, freehold GCB plot for $24.8 million on Lornie Road in Caldecott Hill Estate in January, based upon a caution lodged with URA Realis. Before that, he bought a 21,046 sq ft, estate cottage website at Hillside Drive for $19.25 million ($ 915 psf), according to a caution lodged last September.
At Coronation Road West, another GCB an additional said to have changed hands altered $47.288 million ($ 1,661 psf).