Mining tycoon selling Swettenham Rd GCB
Price of S$23.52 million for two-storey freehold bungalow translates into S$1,543 psf
INDONESIAN mining tycoon Low Tuck Kwong is said to be the party selling a Good Class Bungalow (GCB) along Swettenham Road for S$23.52 million.
This translates into S$1,543 per square foot based on the freehold land area of 15,239.53 sq ft.
Mr Low and his family are said to reside in the two-storey freehold bungalow, which has four spacious bedrooms and a swimming pool. RealStar Premier brokered the sale. Analysts noted that the transacted price is lower than the S$30 million the seller had been asking as recently as nine months ago.
Mr …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
New US home sales jump to highest level since September
Hong Kong developer weighs stake sale in London office skyscraper project
How Hudson Yards went from ghost town to office success story
Private credit for real estate boosting green building premium
S$16.5 million deal at The Ritz-Carlton Residences tops Q1 gainers; seller reaps S$4.9 million profit
Forrest Li’s wife buys Gallop Road bungalow next to the one he has redeveloped