Lim Wan Looi, wife of Fragrance Group’s boss, buys Good Class Bungalow at Bishopsgate for $65 mil

The GCB at Bishopsgate that lately altered hands for $65 million rests on an estate website of 29,435 sq ft.

The award-winning bungalow was believed to be completed at some time in 2015. A property title search reveals that the cottage is presently possessed by Esmond Choo, supervisor of UOB Kay Hian who retired at the end of April this year.

The offer at Coronation Road West was brokered by Steve Tay, elderly associate vice-president of List Sotheby’s International Realty, that decreased to comment. Tay had actually provided the property available for sale at $48 million in 2014.

The purchaser is Lim Wan Looi, spouse of Fragrance Group creator and also executive chairman James Koh, that has actually gotten on a purchasing spree of bungalow websites this year, beginning with the acquisition of a 25,272 sq ft, estate GCB story for $24.8 million on Lornie Road in Caldecott Hill Estate in January, based upon a caveat lodged with URA Realis. Prior to that, he acquired a 21,046 sq ft, freehold cottage site at Hillside Drive for $19.25 million ($ 915 psf), according to a caution lodged last September.

The Good Class Bungalow (GCB) has actually been extremely energetic in recent months, with three purchases done above $40 million over the previous month. The newest is a Good Class Bungalow sitting on a 29,435 sq ft, estate website at Bishopsgate offered for $65 million ($ 2,208 psf). The GCB at Bishopsgate that lately transformed hands for $65 million sits on a freehold website of 29,435 sq ft.

At Coronation Road West, another GCB an additional said to claimed changed have actually transformed $47.288 million ($ 1,661 psf).

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The GCB at Coronation Road West just recently transformed hands for $47.288 million.

Meanwhile, at Cornwall Gardens, off Leedon Road, a GCB remaining on a property website of 16,089 sq ft is said to have simply transformed hands lately as well. The GCB created by Chang Architects is claimed to have six bedrooms, a fitness center, entertainment spaces, a collection as well as several dining-room. It likewise has a roof yard, courtyard yard, swimming koi, falls and swimming pool pond.

At Coronation Road West, one more GCB is claimed to have actually changed hands for $47.288 million ($ 1,661 psf). A home title search revealed that a bargain had occurred on July 4. The cottage sits at the corner of Coronation Road West and Holland Road. It is an eight-bedroom mansion with a 20m pool resting on a freehold website of 28,474 sq ft.

According to resources, the purchase cost was $40.5 million ($ 2,517 psf), and also the bargain is stated to be agented by Knight Frank.

The Good Class Bungalow (GCB) has been really active in recent months, with 3 purchases done above $40 million over the past month. The latest is a Good Class Bungalow sitting on a 29,435 sq ft, property website at Bishopsgate sold for $65 million ($ 2,208 psf). It’s an old, single-storey cottage that is held up from the highway, shrouded by trees. The GCB is most likely to be torn down and redeveloped.

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