AMID the current lull in high-end landed residential property transactions, a bungalow along White House Park is being sold for S$45.5 million, which works out to S$3,017 per square foot on the freehold land area of 15,081 sq ft.

Located a short distance from the Singapore Botanic Gardens, the property is being bought by Singaporean Fu Wei, the chief executive of healthcare-dedicated investment firm CBC Group. The seller is a Singapore-incorporated company owned by a Sia family.

On site is a bungalow that is said to have been rebuilt around 2003.