SUBSCRIBERS

EL Devt's Lim family buys 2 GCBs for S$46.6m

Price works out to S$1,202 psf for old bungalow in Chancery Lane and S$1,350 psf for Ewart Park property

Published Thu, Sep 14, 2017 · 09:50 PM

Singapore

SOME members of the Lim family that controls construction group Evan Lim & Co and property developer EL Development have bought two Good Class Bungalows, one in Chancery Lane and the other in Ewart Park.

Options to buy the freehold bungalows, at S$26.06 million and S$20.5 million respectively, are understood to have been exercised, though no caveats have been lodged by the respective buyers, who probably wish to keep a low profile on the transaction.

The Lim family members currently reside in smaller landed homes (outside GCB Areas) and condominiums. Word in the market is that they had been looking …

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes