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A Good Class Bungalow (GCB) has exchanged hands once more - this time, it's to the tune of a whopping $84 million. The daughter of nickel-and-steel magnate Xiang Guangda recently purchased an $84 million GCB in Bin Tong Park, Bloomberg News reported on Wednesday (April 24). Xiang Yangyang, reportedly in her 30s, is a director at Rept Battero Energy, a...
The wife of tech billionaire Forrest Li is set to acquire a mansion in one of Singapore’s most coveted residential areas, even as the luxury property market remains in a lull.
SEA Ltd boss Forrest Li is expanding his family's presence in the Good Class Bungalow (GCB) market in Gallop Road near the Singapore Botanic Gardens. His wife, Ma Liqian, is acquiring a $42.5 million old bungalow next to the one Li has nearly finished redeveloping. Both properties are on freehold land. The price that Ma is paying works out to...
Mr Li bought a land parcel next to the mansion, near the Botanic Gardens, in 2019. Read more at straitstimes.com.
The houses have 63.5 years left on their lease.