Tag Archives: 000 sq ft

Historic bungalow put on the market

A 150,000 sq ft colonial bungalow in the Holland Road area has been launched for tender with a guide rental of S$50,400 per month, according to media reports.

The 106-year-old property was once occupied by the French Ambassador and is now a state building managed by the Singapore Land Authority (SLA). The two-storey black and white bungalow comprises four bedrooms and three maid’s rooms.

Despite its rich history and proximity to Orchard Road, the property isn’t likely to attract aggressive bidding, analysts said.

“It is not launched at a right time. With such a big plot and quite a high rental when the economy is not really performing that well, I don’t foresee a lot of bids,” said David Poh, Senior Director at PropNex.

Source – PropertyGuru – 3 Jul 2014

Husband wins right to $20m bungalow

A retired businessman has won the right to keep an S$20 million bungalow in Chancery Lane after the High Court made its decision on the case.

Justice Choo Han Teck ruled that See Fong Mun, 86, who paid for the property purchased in 1983 is the rightful owner, even though it was registered under his wife – Chan Yuen Lan who is now 88.

The judge declared that the wife was considered a trustee of the property but Mr See is still the legal owner – as the couple had intended for the property to belong to him at the time of acquisition.

Madam Chan signed a power of attorney three days before the property was bought in 1983, authorising her husband and eldest child Cliff as managers. But she revoked the power of attorney in 2011, pushing the husband to seek action from the High Court.

The judge concluded it was unlikely that Mr See bought the bungalow “out of sheer conscience or moral responsibility”, in response to his wife’s claim that it was a gift as the husband was “guilt-ridden” by an extra-marital affair.

“A man nearing retirement age who had just fallen in love with another woman was unlikely in the circumstances to scrape together a S$1.8 million fund from multiple sources to buy a house… as a gift to his wife,” noted Justice Choo.

The double-storey good class bungalow (GCB) sits on over 20,000 sq ft of land in an upscale neighbourhood.

Source PropGuru – 9 May 2013