[SINGAPORE] Lee Hsien Yang and his wife, Lee Suet Fern, have sold a two-storey bungalow in the Caldecott Hill good class bungalow (GCB) area for S$13 million, and put another nearby bungalow on the market for S$16.8 million.
The adjoining freehold properties are located in Caldecott Close, near the old premises of Mediacorp.
A search on the Singapore Land Authority website shows that Mr Lee, the younger brother of Prime Minister Lee Hsien Loong, and Mrs Lee are joint owners of both properties.
An option to buy one of the bungalows, which sits on a 921.6 sq m or 9,920 sq ft site, has been granted to a Singaporean businessman for S$13 million, or under S$1,400 per sq ft (psf), sources told The Straits Times.
The S$16.8 million asking price for the other bungalow translates to around $1,700 psf, based on its land area of 918.5 sq m or 9,888 sq ft.
The house has six bedrooms, two living rooms, a walk-in wine cellar, a helper’s room, an infinity pool and a koi pond. Four cars can be parked inside the freehold compound. The listing described it as a “resort-style modern bungalow”.
source: The Business Times
