Good Class Bungalow snapped by Chinese girl

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Daughter of Chinese tycoon snaps up $84 million GCB in Bin Tong Park​


https://www.asiaone.com/money/daugh...erral&utm_campaign=A1+trending&utm_content=c4


A Good Class Bungalow (GCB) has exchanged hands once more - this time, it's to the tune of a whopping $84 million.

The daughter of nickel-and-steel magnate Xiang Guangda recently purchased an $84 million GCB in Bin Tong Park, Bloomberg News reported on Wednesday (April 24).

Xiang Yangyang, reportedly in her 30s, is a director at Rept Battero Energy, a listed company in Hong Kong.

She bought the brand-new bungalow from former hedge fund manager Nitin Sibal in mid-April, The Edge reported.

Sibal built the bungalow after tearing down an older one which he purchased at $37.6 million back in 2020. At the time, he had purchased it for $1,338 psf.

Now, the property stands as a two-storey freehold with enough space to hold eight to 10 cars, The Business Times reported.


250424_bintongpark_bt.jpg
 
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Last month, former Minister for National Development Mah Bow Tan sold his own GCB off Holland Road for $50 million.
 
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