Astrid Park bungalow sold for S$46 million to Hin Leong family

Singapore

THE family that controls oil trading group Hin Leong is understood to have bought a bungalow in Queen Astrid Park for S$46 million - the biggest purchase in a Good Class Bungalow (GCB) Area to be caveated so far this year.

The price reflects S$1,548 per square foot based on the land area of 29,709 sq ft. On the sprawling site with a wide road frontage is a bungalow that was built a decade ago and spans two storeys. It has five bedrooms, a large hall, a pool and other facilities.

A semi-retired businessman involved in the diamonds trade is selling the property. The sale is understood to have been brokered by Newsman Realty.

Hin Leong Group was set up in the 1960s by Lim Oon Kuin, who is also known …