Koufu’s Pang family buying Caldecott Hill GCB site for S$58 million
The 39,276 sq ft freehold site, with two bungalows on it, has redevelopment potential
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[SINGAPORE] The family of Koufu Group founders Pang Lim and Ng Hoon Tien is understood to be in the early stage of a deal to buy a large freehold site in the Caldecott Hill Estate Good Class Bungalow (GCB) Area for S$58 million.
The price works out to S$1,477 per square foot (psf) on the freehold land area of 39,276 sq ft.
On the regular-shaped site in Joan Road in District 11 are two bungalows.
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