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Cluny Park GCB sold for $40mil

A bungalow in Cluny Park is being sold for $40 million or nearly $1,964 per sq ft based on the freehold property’s 20,369 sq ft area, reported The Business Times.

Located within the Cluny Hill Good Class Bungalow (GCB) Area, near the Singapore Botanic Gardens, the bungalow was completed over two decades ago.

The buyer, who is expected to redevelop the property, is understood to be Lobb Heng Group director Han Xiaoli. She co-owns the firm with Guan Zhishan. The two are both Singapore citizens.

– March 31, 2020

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