A freehold bungalow previously owned by the late Singaporean real estate magnate Chng Gim Huat is currently available via public tender. Situated at 8 Lornie Road, the 51,700-square-foot property carries a guide price of S$83 million, equating to S$1,605 per square foot. This listing follows a previous attempt to sell the estate in May 2025 for S$82 million, which concluded without a transaction. Knight Frank Singapore, the appointed marketing agent, highlighted the site's redevelopment potential, noting that it could accommodate up to six detached homes or 16 semi-detached units, pending regulatory approval. A senior manager at the firm described the current valuation as a favorable opportunity for long-term investors. The public tender process for this significant land parcel is scheduled to conclude soon.
Source : Mothership
Photo : Mothership
