Leng Beng's elder son buys Jervois Rd GCB for S$18.8m

[SINGAPORE] Sherman Kwek, chief investment officer of City Developments, has picked up a Good Class Bungalow for S$18.8 million. This works out to about S$1,247 per square foot on freehold land area of about 15,073 square feet.

Sitting on an elevated, triangular-shaped site near the confluence of Jervois Road and Tanglin Road, the two-storey bungalow is said to have six en suite bedrooms and a small swimming pool. The total built-up area is around 7,600 sq ft.

Mr Kwek, who is in his late 30s, is said to be buying the property from a couple. He exercised the option for the purchase last month.

Based on caveats information, this would be the fourth time th…