The Business Times
business-time-50

Nassim GCB sells for S$128.8m or record S$4,005 psf; buyer is Nanofilm founder's wife

Kalpana Rashiwala

Kalpana Rashiwala

Published Tue, Mar 30, 2021 · 08:39 AM

    A BUNGALOW in Nassim Road has sold for S$128.8 million or a record S$4,005 per square foot on the freehold land area of 32,159 sq ft.

    The buyer is Jin Xiao Qun, the wife of MZH Technologies International founder and executive chairman Shi Xu.

    The Good Class Bungalow is being sold by Sukmawati Widjaja, the controlling shareholder of BHO . She bought the property from David Eng of Sparks Disco fame, who in turn bought it from the British government in December 2000 for S$19.3 million.

    Nanofilm Technologies was listed on the Singapore bourse last October.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Good class bungalowSingapore property

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    GCash is one of the Philippines’ most widely used financial platforms, serving nearly 56% of the country’s adult population in the three months ended Jun 30.

    GCash parent Mynt rises in market debut after South-east Asia’s top 2026 IPO

    Universities see their role in equipping students with a foundation that can sustain them beyond their first job.

    In the age of AI, what is a university education for?

    Senior Minister K Shanmugam said that government agencies are considering legal, regulatory and economic measures to exert pressure on companies responsible for the haze.

    Singapore to use ‘every legal and regulatory lever’ against companies linked to haze: Shanmugam

    In Asia, KKR has larger portfolio allocations in Japan and India relative to other markets, though allocation trends shift every few years.

    ‘IPOs are not the only vehicle’: KKR heads for record exits even as firms stay private for longer

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More