Yun Nam boss picks up GCB at Brizay Park
Latest deal brings to at least 23 the number of GCB transactions so far in 2016
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Singapore
YUN Nam Hair Care boss Andy Chua is understood to have picked up a Good Class Bungalow (GCB) along Brizay Park off Old Holland Road for S$33 million.
The price works out to S$1,108 per square foot (psf) on the freehold land area of nearly 29,800 square feet.
On site is an old bungalow. Mr Chua owns an adjoining property on a land area of nearly 25,750 sq ft. Market watchers reckon he could redevelop the property he is buying, or even amalgamate the two plots for a bigger redevelopment.
This would be the third time in as many years that Mr Chua would be making the headlin…
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