{"id":122448,"date":"2021-10-08T01:10:54","date_gmt":"2021-10-07T18:10:54","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lee-hsien-yangs-caldecott-hill-bungalow-on-sale-for-16-8mil\/"},"modified":"2021-10-08T09:21:55","modified_gmt":"2021-10-08T02:21:55","slug":"lee-hsien-yangs-caldecott-hill-bungalow-on-sale-for-16-8mil","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lee-hsien-yangs-caldecott-hill-bungalow-on-sale-for-16-8mil\/","title":{"rendered":"Lee Hsien Yang\u2019s Caldecott Hill bungalow on sale for $16.8mil"},"content":{"rendered":"


\nThe 9,888 sq ft two-storey detached house\u00a0is located in the Caldecott Hill GCB area.
\nLee Hsien Yang, the Prime Minister\u2019s younger brother, is selling his two-storey bungalow in Caldecott Hill for $16.8 million, reported Bloomberg.
\nThe freehold property, which was listed on PropertyGuru, was described as a \u201cresort-style modern bungalow\u201d.\u00a0
\nIt occupies a 9,888 sq ft site and features two living rooms, six bedrooms, a helper\u2019s room, a walk-in cellar, a koi pond and an infinity pool. Four cars can be parked inside the compound.
\nPublic records show that Lee Hsien Yang and his wife are the joint owners of the property. Currently, the couple lives in an apartment within the Nassim Road neighbourhood.
\nA Cambridge and Stanford graduate, Lee Hsien Yang held top positions at Singapore Telecommunications and was also the ex-Chairman of F&B firm Fraser & Neave.
\nHis move to sell the bungalow comes as Singapore witnessed a property frenzy which led to $32.9 billion in sales during the first half of 2021 alone. The figure was double the amount registered in Manhattan over the same period, said Bloomberg.
\nGood Class Bungalow (GCB) sales surged by more than sixfold to $1.6 billion in 1H 2020, reflecting the demand for high-end homes, as shown in data compiled by ERA Realty Network.
\nIn Q2 2021, sales of luxury units within prestigious neighbourhoods hit a 10-year high, according to an OrangeTee report. Prices of new luxury apartments climbed 5.2% in Q3 from the previous year.
\n\u201cWith Singapore\u2019s economy expected to rebound strongly this year, consumers\u2019 confidence is likely to pick up further,\u201d said the report as quoted by Bloomberg.
\n\u201cThis will spur more buying of luxury homes and prices are likely to trend higher in the coming months.\u201d
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nCheryl Chiew, Digital Content Specialist at PropertyGuru, edited this story. To contact her about this story, email:\u00a0cheryl@propertyguru.com.sg.\u00a0
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Lee Hsien Yang\u2019s Caldecott Hill bungalow on sale for .8mil<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The 9,888 sq ft two-storey detached house\u00a0is located in the Caldecott Hill GCB area. Lee...<\/p>\n","protected":false},"author":1,"featured_media":122449,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-122448","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/lee-hsien-yang-bungalow.jpg?fit=820%2C410&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vQY","jetpack-related-posts":[{"id":126299,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/analysts-see-strong-demand-for-farrer-park-flats-golden-mile-complex-gets-green-light-for-collective-sale-at-700mil-and-more\/","url_meta":{"origin":122448,"position":0},"title":"Analysts see strong demand for Farrer Park flats, Golden Mile Complex gets green light for collective sale at $700mil and more","date":"May 5, 2022","format":false,"excerpt":"\r Analysts see strong demand for Farrer Park flats, Golden Mile Complex gets green light for collective sale at $700mil and more19th April to 2nd May\u00a02022 Analysts expect the upcoming 1,600 Build-to-Order (BTO) flats in Farrer Park to receive strong demand, given the new estate\u2019s desirable location and amenities. 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