Yun Nam boss picks up GCB at Brizay Park
Latest deal brings to at least 23 the number of GCB transactions so far in 2016
Singapore
YUN Nam Hair Care boss Andy Chua is understood to have picked up a Good Class Bungalow (GCB) along Brizay Park off Old Holland Road for S$33 million.
The price works out to S$1,108 per square foot (psf) on the freehold land area of nearly 29,800 square feet.
On site is an old bungalow. Mr Chua owns an adjoining property on a land area of nearly 25,750 sq ft. Market watchers reckon he could redevelop the property he is buying, or even amalgamate the two plots for a bigger redevelopment.
This would be the third time in as many years that Mr Chua would be making the headlin…
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