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Former Midas chairman's bungalow fetches S$30.8m in mortgagee sale

The buyer of the freehold Cluny Road property is the family of Philip Ng of Far East Organization; the Ngs own the next-door property, which they bought last year

The S$1,901 psf on freehold land area for the Cluny Road bungalow is seen as attractive given that the house, which is about 10 years old, stands on elevated grounds at a quiet cul-de-sac.

The bungalow along Cove Drive, which fetched S$2,515 psf, is one of only 28 sea-facing bungalows with unblocked views of the Southern Islands, out of a total pool of about 370 bungalows in Sentosa Cove.


SOME notable bungalow deals have taken place recently in Good Class Bungalow (GCB) Areas as well as in the Sentosa Cove waterfront housing locale.

In a deal involving a mortgagee sale, a bungalow along Cluny Road owned by Chen Wei Ping, the former executive chairman of...

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