Nassim GCB sells for S$128.8m or record S$4,005 psf; buyer is Nanofilm founder's wife

A BUNGALOW in Nassim Road has sold for S$128.8 million or a record S$4,005 per square foot on the freehold land area of 32,159 sq ft.

The buyer is Jin Xiao Qun, the wife of MZH Technologies International founder and executive chairman Shi Xu.

The Good Class Bungalow is being sold by Sukmawati Widjaja, the controlling shareholder of BHO . She bought the property from David Eng of Sparks Disco fame, who in turn bought it from the British government in December 2000 for S$19.3 million.

Nanofilm Technologies was listed on the Singapore bourse last October.