26 Nov '14, 2am

#singapore #property Song family acquires Holland Park GCB for $30 million: The Song fa...

Comment E-mail to friend Bookmark & Share The Song family, which controls Nanshan Group Singapore, has purchased a new Good Class Bungalow (GCB) in Holland Park from Frasers Centrepoint for $30 million, according to media reports. This translates to approximately $1,991 psf based on the property’s land area of 15,070 sq ft. The two-storey GCB also comes with a lift, swimming pool, five bedrooms and a maid’s room. The acquisition was reportedly made by Sui Yongqing, wife of Song Jianbo, who is the oldest son of Nanshan Group’s founder Song Zuowen. It was believed that Nanshan completed its $270 million purchase of the former Midlink Plaza site along Middle Road on a turnkey basis last week. With a balance lease term of around 65 years, the property is being redeveloped into a boutique hotel with 396 rooms and some strata retail space. The company also bought 122 Middle Inve...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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