Astrid Hill bungalow in early stage of being sold for over S$55m

AN OPTION to purchase an old freehold bungalow in Astrid Hill for nearly S$55.09 million has been granted to Ng Keng Sing, a director and co-owner of oil and petroleum company Midas NSSG International.

The price works out to S$1,989 per square foot (psf) on a land area of 27,699 square feet (sq ft). The property is next to another old bungalow that Ng bought last year for S$44.3 million or S$1,413 psf on land area of 31,359 sq ft (inclusive of a long driveway). Both properties are in the Queen Astrid Park Good Class Bungalow (GCB) area.

Ng was the former chief executive of TAT Petroleum.