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Famous hotpot chain founder buys GCB

Dubbed "The Winged House", the Gallop Road bungalow sold for S$27m

Kalpana Rashiwala

Published Tue, Mar 29, 2016 · 09:50 PM

Singapore property

Singapore

THE founder of a popular Sichuan-style hotpot (steamboat) chain that originated in China and which is well-known for its dedicated customer service - is understood to have bought a Good Class Bungalow at Gallop Road.

Zhang Yong, a Singapore citizen, is paying S$27 million for the bungalow, which was rebuilt and completed in 2012. The price works out to S$1,700 psf based on the property's freehold land area of 15,884.29 sq ft.

Currently leased till around the middle of next year at a monthly rent of slightly over S$30,000, the property is being sold by a couple who rebuilt the house that currently stands on the site. Dubbed The Winged House, it was designed by K2LD Architects in the shape of two wings. The property spans two levels and a basement, with a to…