Sino Group scion buys District 10 GCB for S$37m
Apart from purchase by Robert Ng's son in East Sussex Lane, another GCB along Cluny Hill sold for S$30.8m
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Kalpana Rashiwala
Singapore
TWO transactions each of over S$30 million last month, including one by the scion of one of Singapore's richest families, have provided a fillip to the tally of deals in the Good Class Bungalow (GCB) market for 2019.
Both properties are freehold and in District 10. The first, along Cluny Hill, is changing hands at S$30.8 million or about S$2,025 per square foot (psf) on land area of 15,208 sq ft. The other, along East Sussex Lane, is transacting at slightly over S$36.88 million.
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