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The gabled access road and porch can park 10 people (Photo: Samuel Isaac Chua/EdgeProp Singapore)
One of the most luxurious Good Class Bungalows (GCBs) on Old Holland Road is on the market for $66. 7 million. The GCB is designed in neoclassical style, with a gabled front and a porch that can accommodate up to 10 cars.
The house has six en-suite bedrooms, a luxurious living room with an 8. 2m high ceiling, and a $100,000 chandelier adorned with Swarovski crystals. The formal dining room features an elaborate stained-glass ceiling design. The space features a spacious swimming pool, sauna and a pavilion giant enough to hold about 30 people. The previous owner is believed to have been businessman Robert Heng, founder of Orchard Credit Group. Heng built the 12,000-square-foot GCB on a 23,148-square-foot freehold lot in 1994.
A name search showed that the current owners are Teo Hock Seng, executive chairman of the automotive organization Komoco Holdings (the distributor of Hyundai, Jeep, Ferrari, Maserati and Alfa Romeo) and his wife, Chua Hwee Meng. URA Realis warnings showed that the couple paid $11. 58 million (500 psf) for the GCB in 2007. That was 17 years ago.
Read more: Former minister Mah Bow Tan sells luxury bungalow in Holland Rise for $50 million
“We know the first owner of the house; they’re family and friends,” says Trevor, the oldest of Teo’s three adult children.
The room with an 8. 2m ceiling and a Swarovski crystal chandelier valued at $100,000 (Photo: Samuel Isaac Chua/EdgeProp Singapore)
“No expense was spared because the previous owner had built the space for his own room,” says Mrs. Teo, co-owner of the space. “The most surprising thing is those two pillars of the living room, absolutely clad in Italian marble. “.
In addition to the pillars, the floor of the living room and dining room, the entire kitchen and bathrooms are clad in marble. The master suite has a balcony overlooking the pool. There is also a staircase leading to the study below. The marble-clad master bathroom features a Jacuzzi with skylight, separate bidet and shower compartments, and a double vanity. “The faucets are gold-plated, and the bidet has a gold finish as well,” Trevor says. “It’s very Versace. “
Given the Italian flavor of the space, the Teos had to buy furniture to complement the interiors. The space is ideal for those who like to entertain at home. “We have parties here too,” he says, Trevor. La biggest party we had was Chinese New Year, with another 700 people. We had to put up signs on the ground in front of us to allow other people to park their cars and then install strollers to take them home.
Formal dining room next to the living room, with stained-glass ceiling (Photo: Samuel Isaac Chua/EdgeProp Singapore)
Improvements to the home include installing an elevator and reinforcing the walls and floor near the pool, which costs “several hundred thousand dollars,” Teo said.
“Space has a clever structure,” Trevor says. Although the Teos have enjoyed living in their home for 17 years, they feel it’s time to resize. So they put the assets up for sale with Sammi Lim, founder and principal of Brilliance Capital, as their exclusive marketing agent.
Also read: William Lim-designed GCB at Holland Park for sale for $56. 8 million
The freehold land on a regular basis has a frontage of 45. 5 m along Old Holland Road and an intensity of 60 m.
“The GCB has held up well over the years and allows a new client to move in and occupy the space immediately,” says Lim. “Alternatively, some would possibly need to make additions and modifications to the home, while others would possibly adopt a redesign to customize the new home to fit their lifestyle. “
The space has a 45. 5m frontage along Old Holland Road (Photo: Samuel Isaac Chua/EdgeProp Singapore)
Old Holland Road is part of the Brizay Park GCB domain in District 10. Based on bookings deposited, GCB’s last transaction at Old Holland Road took place in 2021. That year, 3 GCBs at Old Holland Road repositioned their hands. In May 2021, a GCB on Old Holland Road, just two doors down from the Teos’ home, sold to Cheryl Wee, founder of Cheryl W, a weight management and wellness company. Wee paid $32. 5 million ($1259 psf) for the GCB built in 1994 and situated on a 25,810-square-foot wholly-owned site.
Wee is the daughter of Jean Yip, entrepreneur Jean Yip Group’s hair and beauty salons, and an expanding portfolio of investments and real estate development. Yip lives in a GCB a few gates off Old Holland Road.
Another GCB on a smaller 16,569-square-foot lot replaced his hands for $23. 2 million ($1,400 psf) in April 2021. The GCB is just one of seven indifferent houses in an organization developed through MCL Land, hence its name, Seven Oaks.
The pool and view from the back of the 12,000-square-foot two-story space (Photo: Samuel Isaac Chua/EdgeProp Singapore)
In February 2021, a GCB on Old Holland Road, situated on a 20,345-square-foot wholly-owned lot, generated $28 million ($1,376 psf). The client was Ali Maghami, advertising director of the Danish shipowner Unifeeder, founded on a title deed. search. Maghami was in the past chairman of Singapore-founded marine logistics provider Feedertech Group, in which Unifeeder acquired a 77% stake in December 2019.
Also read: Neoclassical GCB at Swettenham Close for over $50 million
Old Holland Road is available via Bukit Timah Road and Holland Road. It has several exit points, Lim notes. The domain is also close to leading schools such as the Hwa Chong Institution, the Hwa Chong International School, the Methodist School for Girls and the National Junior College. “Old Holland Road is an ideal location for families, given its proximity to amenities such as the Holland Green Linear Park, the rail corridor, the botanical gardens, and Singapore’s most productive schools,” says Lim.
“Given the profile of the owners, Old Holland Road is a popular spot with successful marketers and Singapore’s Who’s Who,” he adds.
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