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Famous hotpot chain founder buys GCB

Dubbed "The Winged House", the Gallop Road bungalow sold for S$27m

Singapore

THE founder of a popular Sichuan-style hotpot (steamboat) chain that originated in China and which is well-known for its dedicated customer service - is understood to have bought a Good Class Bungalow at Gallop Road.

Zhang Yong, a Singapore citizen, is paying S$27 million for the bungalow, which was rebuilt and completed in 2012. The price works out to S$1,700 psf based on the property's freehold land area of 15,884.29 sq ft.

Currently leased till around the middle of next year at a monthly...

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