Kuik family member buys GCB for S$16m in Oct when 60 landed units sold (Amended)

Singapore

A MEMBER of the Kuik family that founded the Sim Lian Group snagged a Good Class Bungalow (GCB) last month in Chestnut Drive for S$16 million while Nasrat Muzayyin, a director and shareholder of several oil trading companies here, picked up a bungalow in District 11 for S$22.24 million.

These were among some 60 caveated landed residential transactions worth S$336.76 million last month.

This followed a lively third quarter that saw 375 landed homes changing hands for S$1.6 billion in total, after some 321 deals were transacted for S$1.34 billion in the second quarter.

The aggregate value in Q3 represented an 18.8 pe…