http://www.straitstimes.com/business...ught-this-year
Top bungalow deals
The three most expensive GCBs bought this year
This Queen Astrid Park bungalow was sold for $44.5 million, reportedly to a family member of Mr Goh Hup Jin, son of billionaire paint tycoon Goh Cheng Liang.PHOTO: COLLIERS INTERNATIONAL ST PHOTO: MARK CHEONG
Yun Nam Hair Care boss Andy Chua reportedly snapped up this good class bungalow in Brizay Park for $33 million.PHOTO: COLLIERS INTERNATIONAL ST PHOTO: MARK CHEONG
Dec 22, 2016
Lee Xin En
2 QUEEN ASTRID PARK
A single-storey bungalow on a sprawling site in Queen Astrid Park was sold for $44.5 million in July. The 35,011 sq ft site, big enough to be divided into two smaller good class bungalow (GCB) plots, was reportedly bought by a family member of Mr Goh Hup Jin, son of billionaire paint tycoon Goh Cheng Liang.
Mr Goh Cheng Liang is the second-wealthiest person in Singapore this year, according to Forbes magazine. He is the founder of Nippon Paint South-east Asia Group.
4 BRIZAY PARK
Yun Nam Hair Care boss Andy Chua reportedly snapped up this GCB in Brizay Park off Old Holland Road for $33 million.
Mr Chua has made headlines with his purchases of several luxury properties in recent years. Last year, he picked up a duplex penthouse at St Regis Residences in Tanglin Road for $12.2 million, at a whopping $15.8 million loss to the seller, who had paid $28 million for the unit in 2007.
He was also the Singaporean who paid US$2.2 million (S$3 million) to have a private lunch with American investment guru Warren Buffett in 2014.
79 WILKINSON ROAD
Mr Yeah Hiang Nam, chief executive of listed pawnshop ValueMax Group, lodged a caveat to buy this Katong bungalow, which sits on a land area of 2,453 sq m. He reportedly bought the bungalow for his own use.
Mr Yeah bought the freehold home for $30 million from two directors of several marine services firms that are in receivership. The sum he paid is the highest in terms of absolute amount for a house in Wilkinson Road.