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Developer Simon Cheong offering two good class bungalows for $65m


The adjacent bungalows in Peirce Road, near the Botanic Gardens, are being sold together. They are among six bungalows there bought by developer Simon Cheong in early 2006. (Photo: Courtesy of Cushman & Wakefield)

 

High-profile developer Simon Cheong of SC Global is selling the two adjacent bungalows at 26A and 26B Peirce Road, near the Singapore Botanic Gardens, for around $65 million.

The freehold homes have a total land area of about 32,478 sq ft and an existing gross floor area of about 8,400 sq ft each. They are suitable for immediate occupation as the tenants have moved out, or the sites can be redeveloped.

The sale is being done by expression of interest, said marketing agent Cushman & Wakefield yesterday. The firm noted that the Peirce Road properties "are expected to appeal to high-net-worth individuals or families looking to invest in a home within a coveted residential enclave with a prestigious address".

The Straits Times understands that a potential buyer had approached Mr Cheong with the idea of combining the two plots to build a huge bungalow and was willing to pay a premium.

Mr Cheong's SC Global is known for high-end projects such as the Hilltops luxury condominium in Cairnhill.

The expression of interest exercise will close on Sept 27 at 3pm.

 

This article was originally published on The Straits Times

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