This estate's yours - for $82 million

This estate's yours - for $82 million

A wrought metal gate, designed with the owner's initials, "T.S.S", allows the casual visitor a peek into the estate.

However, I couldn't see much beyond the grass-covered driveway.

The owner could have built a sprawling bungalow on this land. He chose instead to build a modest two-storey home.

This estate's yours - for $82 million
Click on thumbnails to view (Photos: ST, Land Empire)

He could have made a handsome profit selling it during the property boom.

Instead, he lived on the property for almost 60 years until he died last year. Now his home and the 4,100 sq m land it sits on are up for sale.

The price tag?

Potentially a heart-stopping $82 million, property experts have predicted.

Comprising of two land parcels of 1,764 sq m and 2,430 sq m, this could probably set a new record for the most expensive freehold "Good Class Bungalow" (GCB).

These exclusive bungalows, which are located in Singapore's 39 gazetted GCB Areas, are governed by stringent planning requirements. They include a minimum plot size of 1,400 sq m, maximum site coverage control of 35 per cent and a height restriction of two storeys.

GCBs are among the most sought-after properties here and are owned mostly by Singaporean high net worth individuals.

Despite knowing that he was sitting on a goldmine, I suspect the late owner wouldn't have traded anything for his secluded home, nestled atop a hill at Jalan Asuhan, near the popular Adam Road Food Centre.

Other homes in the area come with complex security systems or even security guards.

But not No. 4 Jalan Asuhan.

While the area is often referred to as banker's lane, supposedly due to bankers calling the estate their home (United Overseas Bank chairman Wee Cho Yaw is believed to live in the area), the meaning of "Asuhan" in Malay is "to nurture" - perhaps an apt name for a place to build a home and raise a family.

Two sun-bleached signs flank the gate - one says Seet T T, while the other says "La Pineta", which is Spanish for valley of pinewood.

Purchase this article for republication.

BRANDED CONTENT

SPONSORED CONTENT

Your daily good stuff - AsiaOne stories delivered straight to your inbox
By signing up, you agree to our Privacy policy and Terms and Conditions.