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Shipping entrepreneur buying Leedon Park Good Class Bungalow for S$45.8 million 

The price reflects S$2,929 psf on the freehold land area; seller paid S$33 million for the bungalow in 2012

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Kalpana Rashiwala

Kalpana Rashiwala

Published Sun, Apr 6, 2025 · 06:32 PM — Updated Sun, Apr 6, 2025 · 06:53 PM
    • The Leedon Park bungalow was developed by George Lim, who completed the property in 2011.
    • The Leedon Park bungalow was developed by George Lim, who completed the property in 2011. PHOTO: GOOGLE MAPS
    39 GCB Areas.pdf

    [SINGAPORE] A shipping entrepreneur in his 40s is buying a bungalow in the Leedon Park Good Class Bungalow (GCB) Area for S$45.8 million or S$2,929 per square foot (psf) based on the freehold land area of 15,636 square feet (sq ft).

    Standing on the site is a 14-year-old bungalow with two storeys and a basement.

    The property was developed by bungalow investor George Lim, who sold it in October 2012 for S$33 million to the current owner. The price reflected a then record S$2,111 psf on land area for a bungalow transaction in a GCB Area.

    Singapore propertyResidentialGood class bungalowShipping

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