Group led by Daniel Teo buys Mount Rosie bungalow for S$43.8m
Property is being sold by Teo Choon Seng and Teo Tiou Seng, who are sons of Pacific International Lines' founding chairman YC Chang
Add BT as a preferred source
Singapore
A GROUP of investors led by veteran property developer Daniel Teo of Hong How Group is buying an old bungalow at 21 Mount Rosie Road, near Barker Road, for S$43.8 million with a view to redeveloping it into several landed homes for sale.
The Business Times understands that the property is being sold by Teo Choon Seng and Teo Tiou Seng, who are sons of Pacific International Lines' (PIL) founding chairman, the late Teo Woon Tiong (alias Chang Yun Chung or YC Chang).
TRENDING NOW
DBS upgrades Singtel to ‘buy’ as Bharti Airtel gets valuation boost with upcoming industry tailwind
Growth and stability in the storm: steering Asean economies together
‘Even a CEO’s job can be replaced by AI’: DBS CEO Tan Su Shan bets big on agentic AI
The Singaporean turning Vietnam's Techcombank into an AI-first lender
