The Business Times
business-time-50
SINGAPORE PROPERTY

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

Summarise
google-preferred-sourceAdd BT as a preferred source
Kalpana Rashiwala

Kalpana Rashiwala

Published Sun, May 11, 2025 · 10:50 PM
    • The property being transacted, the one in the middle, has a depth of about 95 m and a width of about 42 m.
    • The property being transacted, the one in the middle, has a depth of about 95 m and a width of about 42 m. PHOTO: CUSHMAN & WAKEFIELD

    [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.

    Residential

    TRENDING NOW

    Yeoh Pei Xien is the youngest grandchild of Yeoh Tiong Lay, who founded Malaysian multinational conglomerate YTL Corporation.

    Yeoh Pei Xien: YTL’s third-gen scion with a pastor’s heart

    Grant Wee built Hideaway as a massage-and-bathhouse concept centred on solitude and recovery.

    UOB CEO’s youngest child Grant Wee turns burnout into a wellness business

    Keppel declares an interim cash dividend of S$0.15 per share for H1 2026, unchanged from the year-ago period.

    Keppel H1 net profit drops 59% to S$155 million on impairments, M1 deal fallout; shares fall 4%

    Singtel says both options remain at an exploratory level for now.

    Singtel explores Nasdaq-SGX dual listing for data centre arm Nxera, local data centre Reit

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More