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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

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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.

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