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Wing Tai chairman, wife, sell Nassim GCB site for record S$230m

Price works out to S$2,721 psf on land area of 84,543 sq ft

Kalpana Rashiwala

Published Tue, Jul 30, 2019 · 09:50 PM

Good class bungalow

Singapore

A GOOD CLASS BUNGALOW on a sprawling freehold site in the Nassim area has been sold for a record S$230 million.

The property along Nassim Road was sold by a private company owned by Wing Tai Holdings chairman Cheng Wai Keung and his wife, Helen. The price works out to S$2,721 per sq ft on the land area of 84,543 sq ft. Property searches list the buyer as SG Casa Pte Ltd.

A company search showed that its principal activity is in the category of trustee, fiduciary and custody services firms. However, s…