LMG Realty buys Nassim Road bungalow for S$23.7m

Singapore

LEE Metal Group unit LMG Realty has picked up a bungalow in the Nassim Road Good Class Bungalow (GCB) Area from seasoned bungalow investor Thomas Chan for nearly S$23.69 million.

The price works out to S$1,782 per square foot on this plot of freehold land measuring 13,292 sq ft. A bungalow more than 30 years old sits on the site, which LMG Realty is expected to redevelop.

Last year, the British government so…