Wendy Neo,era +65 9238XXXX
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Super-Sized Ultra-Luxury Good Class Bungalow Selling For S$63 Million
Perched on platform near the swimming pool at the sprawling residence, two 15-ton stone lions cut imposing figures. The main house’s exterior walls are fitted with display panels showcasing centuries-old marble relics from China. A custom-designed tea room inside features vintage pots and tea bricks that cost S$7,000 a piece.
The setting for the “Crazy Rich Asians” Hollywood hit, this house sets a new standard. There are plenty of modern touches in the Camden Park home that sits on a plot of land measuring more than 26,000 sq ft (2,425 sq m), or the size of about five basketball courts. Among the standout features: a car elevator and basement garage that can accommodate up to 12 vehicles, and a wine cellar arch that holds 2,000 bottles. There’s a two-story walk-in closet with spiral staircase.
“Good class bungalows are highly attractive to affluent buyers for their scarcity and prestige status”. Another restriction that makes them exclusive - buyers have to be Singapore citizens.
The bungalows have also been a draw for the super rich from overseas who’ve settled in Singapore. Notable owners include Dyson Ltd. founder James Dyson and Allibaba Group Holding Ltd. co-founder James Sheng. The record price for a bungalow is S$230 million, in a sale last year to Facebook Inc. co-founder Eduardo Saverin, according to a report in the Business Times. Foreigners can buy the properties by becoming citizens, or if their spouse has citizenship.
Very few new good class bungalows have been built over the years, which adds rarity of such prized possessions. Therefore, they will likely continue to be one of the coveted assets among the affluent in the long run.
For Viewing Appointments, Call Wendy Neo +65 9238 XXXX
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