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Bankrupt trader's bungalow finds buyer

Vehicle held by developer Chiu Teng pays S$15.1m, below original asking price of S$16m

The bungalow of Mr Sharma was finally sold in a private treaty brokered by Edmund Tie & Company after four rounds of auctions.


THE freehold bungalow at 85 Branksome Road, vacated by the bankrupted managing director of spice and nut trader Pars Ram Brothers and his family, has found a buyer.

According to caveats obtained by The Business Times, the property was sold to a special purpose vehicle (...

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