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Wing Tai chief sells GCB for whopping $230m

The biggest Good Class Bungalow (GCB) plot on Nassim Road, at No. 33, has been sold for $230 million, setting a new record in terms of absolute transacted price. At 84,544 sq ft, it’s one of the largest freehold GCB plots on Nassim Road that remain intact today.

The seller is Winright Investment, a private company set up for holding property investments, owned by property magnate Cheng Wai Keung, chairman of Singapore-listed Wing Tai Holdings, and his wife. The buyer is believed to be a Singapore-owned trust, SG Casa.

– July 30, 2019

Read Full Article at https://www.edgeprop.sg/property-news/exclusive-wing-tai-chief-sells-gcb-whopping-230m

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