Former Xiaomi director paying S$31.5m for GCB in Tanglin Hill
The price translates to S$1,915 psf on freehold land area
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Kalpana Rashiwala
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Singapore
A FORMER board member of Xiaomi Corporation is paying S$31.5 million for an old bungalow along Tanglin Hill in the Ridley Park Good Class Bungalow (GCB) Area.
The price works out to S$1,915 per square foot on the freehold land area of 16,446 sq ft. The buyer - understood to be Koh Tuck Lye, who is also known as Xu Dalai - is expected to tear down the bungalow, which is more than 30 years old, and to build a new house on the District 10 site. Mr Koh, who is in his late 40s, is Singaporean.
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