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Olive Rd GCB sold for S$50.2 million

Buyer is grandson of late property magnate and hotelier Wee Thiam Siew

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Kalpana Rashiwala

Kalpana Rashiwala

Published Tue, Apr 26, 2022 · 09:14 PM
    • The 2-storey house ripe for redevelopment is opposite the bungalow which gaming chair firm Secretlab’s co-founder Ian Ang acquired in June last year for S$36 million or S$1,537 psf on the 23,424 sq ft land area.
    • The 2-storey house ripe for redevelopment is opposite the bungalow which gaming chair firm Secretlab’s co-founder Ian Ang acquired in June last year for S$36 million or S$1,537 psf on the 23,424 sq ft land area. GOOGLE MAPS

    A GRANDSON of the late property magnate and hotelier Wee Thiam Siew is buying an old freehold bungalow along Olive Road for nearly S$50.24 million.

    The price paid by Wee Hian Nam for the property, which is part of the Caldecott Hill Good Class Bungalow (GCB) Area, works out to S$1,800 per square foot on the land area of 27,909 sq ft.

    SRI acted for the buyer, who is one of the beneficiaries of the S$815 million sale in November last year of 2 freehold residential development land parcels along Thiam Siew Avenue in the Tanjong Katong area, to Hoi Hup Realty and Sunway Developments.

    Good class bungalowSingapore property

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