The three most expensive GCBs bought this year

The three most expensive GCBs bought this year
Yun Nam Hair Care boss Andy Chua reportedly snapped up this good class bungalow in Brizay Park for $33 million.
PHOTO: The Straits Times

Top bungalow deals 

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.

Read also: Investors confident of S'pore's long-term potential

Collective sales make blockbuster comeback​

Looking back: Property in flux


This article was first published on Dec 22, 2016.
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