Two bungalows in Cluny Road in early stage of being sold for S$91m
The price is said to reflect about S$3,000 psf on the freehold land areas of 15,000-plus sq ft for each of the two plots
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THE buzz in the Good Class Bungalow market continues. The Business Times understands that recent deals include two adjacent old freehold bungalows on Cluny Road opposite the Singapore Botanic Gardens for which options to purchase have been granted by their respective owners at about S$3,000 per square foot on land area totalling about S$91 million.
One bungalow, on land area of nearly 15,430 sq ft, is owned by lawyer Laurence Wee.
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