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Haidilao family gets option to buy S$42m bungalow in Gallop Road
An option to purchase was granted last month to the son of Haidilao chairman Zhang Yong
Published Tue, Jan 5, 2021 · 09:50 PM
Singapore
THE family of the Haidilao hotpot chain co-founder Zhang Yong is in the initial stages of buying a bungalow in Gallop Road next to the family's existing villa.
BT understands that an option to purchase the property was granted last month to Mr Zhang's son at S$42 million. This works out to S$1,940 per square foot based on the freehold land area of 21,647 sq ft. On the site is an old house that is ripe for redevelopment.
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