S$131 million purchase of two GCBs in Belmont Road may be linked to Hillhouse boss Zhang Lei

TWO adjoining freehold bungalows on Belmont Road, off Holland Road, have changed hands for a total of S$131.4 million. The price works out to S$3,000 per square foot (psf) on land area for both houses.

Located within the Belmont Park Good Class Bungalow (GCB) Area, the properties were sold in separate transactions, by a pair of doctor siblings.

The sister sold the bungalow that sits on the smaller plot of 19,223 sq ft for nearly S$57.7 million; her brother’s property, with a site area of 24,566 sq ft, went for slightly above S$73.7 million.