The Business Times
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SINGAPORE PROPERTY

Sukanto Tanoto’s eldest son buys Fernhill Road bungalow for S$21 million

The price paid by the Singapore permanent resident works out to S$2,549 psf on the freehold land area

Kalpana Rashiwala

Kalpana Rashiwala

Published Wed, Nov 27, 2024 · 09:55 PM
    • The Fernhill Road bungalow is on a 8,238 sq ft plot and outside a GCB Area, meeting the criteria for purchase by a Singapore PR.
    • The Fernhill Road bungalow is on a 8,238 sq ft plot and outside a GCB Area, meeting the criteria for purchase by a Singapore PR. PHOTO: GOOGLE MAPS

    THE eldest child of Indonesia-born tycoon Sukanto Tanoto has picked up an old bungalow in Fernhill Road for S$21 million.

    The price works out to S$2,549 per square foot on the freehold land area of 8,238 sq ft. The two-storey bungalow, which is near the Nassim Road Good Class Bungalow (GCB) Area, is within a zone designated for three-storey mixed-landed housing, which allows the development of terrace, semi-detached and bungalow housing.

    Market observers expect the buyer, Andre Tanoto, to have a new bungalow built on the site for his own occupation.

    Singapore propertyResidentialSingapore residential property

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