Teo Hock Seng’s Old Holland Road bungalow up for auction with S$36 million opening price

[SINGAPORE] Teo Hock Seng, executive chairman of automotive group Komoco Holdings, has put up for auction his freehold Good Class Bungalow (GCB) along Old Holland Road for at least S$36 million. 

This price tag translates to a land rate of around S$1,555 per square foot (psf) on the land area of 23,148 square feet (sq ft), marketing agent Singapore Realtors Inc (SRI) said. In comparison, caveats data showed that the median unit price of landed properties in the area is S$2,400 psf in the year thus far. 

Located in the Brizay Park GCB Area of District 10, the site has a two-storey bungalow with six en suite bedrooms, along with a swimming pool, an outdoor patio and pavilion, as well as a car porch that can accommodate 10 cars.