According to sources, the purchase price was $40.5 million ($ 2,517 psf), and also the bargain is claimed to be agented by Knight Frank.
The deal at Coronation Road West was brokered by Steve Tay, senior associate vice-president of List Sotheby’s International Realty, that declined to comment. Tay had actually detailed the residential property offer for sale at $48 million last year.
The purchaser is Lim Wan Looi, partner of Fragrance Group creator and also executive chairman James Koh, that has actually gotten on a buying spree of bungalow sites this year, starting with the acquisition of a 25,272 sq ft, property GCB plot for $24.8 million on Lornie Road in Caldecott Hill Estate in January, based on a caution lodged with URA Realis. Prior to that, he bought a 21,046 sq ft, freehold bungalow website at Hillside Drive for $19.25 million ($ 915 psf), according to a caution lodged last September.
At Coronation Road West, another GCB is said to stated changed have actually for $47.288 million ($ 1,661 psf).
The GCB at Coronation Road West just recently changed hands for $47.288 million.
The Good Class Bungalow (GCB) has actually been really energetic in recent months, with three deals done over $40 million over the previous month. The most current is a Good Class Bungalow resting on a 29,435 sq feet, property site at Bishopsgate marketed for $65 million ($ 2,208 psf).
At Coronation Road West, another GCB is stated to have actually transformed hands for $47.288 million ($ 1,661 psf). A building title search revealed that a deal had taken place on July 4. The cottage sits at the corner of Coronation Road West as well as Holland Road. It is an eight-bedroom estate with a 20m swimming pool sitting on an estate site of 28,474 sq ft.
At Cornwall Gardens, off Leedon Road, a GCB sitting on a freehold website of 16,089 sq feet is said to have simply transformed hands recently as well. The GCB developed by Chang Architects is claimed to have 6 rooms, a health club, enjoyment rooms, a collection as well as multiple dining-room. It also has a roof covering garden, yard garden, swimming pool, falls and koi fish pond.
The GCB at Bishopsgate that just recently transformed hands for $65 million sits on a property site of 29,435 sq ft.
The award-winning cottage was thought to be completed at some point in 2015. A residential property title search reveals that the cottage is presently had by Esmond Choo, director of UOB Kay Hian who retired at the end of April this year.
The Good Class Bungalow (GCB) has actually been very active in current months, with 3 transactions done above $40 million over the past month. The latest is a Good Class Bungalow resting on a 29,435 sq feet, estate site at Bishopsgate sold for $65 million ($ 2,208 psf). The GCB at Bishopsgate that lately transformed hands for $65 million sits on a property website of 29,435 sq ft.