A Good Class Bungalow (GCB) in the affluent Victoria Park area has been listed for sale at a staggering $83 million. The 12,852 sqft bungalow sits on a 31,471 sqft plot of land and is located along Victoria Park Close. Victoria Park is one of the 39 GCB Areas gazetted by the Urban Redevelopment Authority. The property is partially furnished...
A GCB belonging to Tang Wee Kit along Victoria Park Close was put up for sale at $83 million.A Good Class Bungalow in the affluent Victoria Park area has been listed for sale at a staggering $83 million.
The property was listed by the Head of Residential Services at real estate company CBRE, Linda Chern on June 3.The property is owned by Tang Wee Kit, son of Tang Choon Keng - better known as CK Tang, reported Bloomberg News. Tang Wee Kit, who is CK Tang's youngest son, is currently the managing director of investment holding firm Tang Holdings and majority owner of CK Tang, which runs the Tangs department stores, reported Forbes.Some 23 GCBs were sold in 2023, the lowest number since 1996 and with the total transaction value for the year at $777.32 million, reported The Business Times in March this year.
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