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
Singapore at 61: How we can ensure opportunity, security and ownership for the next generation
With tech for fact-checking to cancer care, Singapore startups aim beyond home
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
