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SINGAPORE PROPERTY

Tycoon couple Gordon and Celine Tang’s son picks up Second Avenue GCB for S$53 million

The price works out to S$2,652 psf on land area; property is sold by immersive entertainment group Neon’s chairman, Ron Tan

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Kalpana Rashiwala

Kalpana Rashiwala

Published Thu, Sep 4, 2025 · 02:25 PM
    • The bungalow in Second Avenue, which stands on an elevated site, was built about 12 years ago.
    • The freehold plot in Dalvey Estate belonging to former president Ong Teng Cheong’s family is understood to be changing hands at slightly more than the S$60 million indicative price.
    • The bungalow in Second Avenue, which stands on an elevated site, was built about 12 years ago. PHOTO: GOOGLE MAPS
    • The freehold plot in Dalvey Estate belonging to former president Ong Teng Cheong’s family is understood to be changing hands at slightly more than the S$60 million indicative price. PHOTO: CUSHMAN & WAKEFIELD

    [SINGAPORE] Ron Tan, executive chairman and group chief executive officer of immersive entertainment group Neon, formerly known as Cityneon, has sold his Good Class Bungalow (GCB) in Second Avenue for S$53 million to Tang Jialin.

    Tang, who is in his late 20s, is the CEO of SingHaiyi Group and Tang Organization. Both companies are fully owned by his parents, Gordon and Celine Tang.

    The price paid by Tang Jialin works out to nearly S$2,652 per square foot (psf) on the freehold land area of about 19,988 square feet. The transaction was completed recently.

    Singapore propertyGood class bungalow

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