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Sakae Holdings founder Douglas Foo selling bungalow for $16.13m http://www.asiaone.com/business/sakae-holdings-founder-douglas-foo-selling-bungalow-1613m?xtor=EREC-16-4[Emarsys_Newsletter]-20181107&extid=6934d0cfb7b252f1ae9f0dbddf5ff88ca8637e77 Sakae Holdings executive chairman and founder Douglas Foo is understood to be selling a bungalow in Cassia Drive in District 11 for nearly S$16.13 million. The price works out to S$1,542 per square foot based on the freehold land area of 10,458 sq ft. Located in the Raffles Park Good Class Bungalow (GCB) Area, the two-storey property is on a squarish plot. Mr Foo has been in the news recently after Sakae Holdings lost US$4.3 million selling sugar to a disappearing customer. The sugar sale had been invoiced in December last year and remained unpaid for months before Deloitte, Sakae's auditor, flagged the issue to the board on Aug 27. Mr Foo has a direct and deemed interest in 65.91 per cent of Sakae Holdings. The Cassia Drive bungalow which Mr Foo and his wife are selling is an investment property; they live elsewhere. Another recent transaction in a GCB Area was along Windsor Park Hill, at S$23.5 million or S$1,068 psf on the sprawling freehold site of about 22,000 sq ft. It is being bought by a member of the Wang family that controls JMD Investment. The Wangs are the paternal relatives of the family of Charles & Keith CEO Charles Wong, according to an earlier article. Meanwhile, fashionista Pek Lay Peng, owner of multi-label omnichannel retailing platform SocietyA and executive director of the Shingda Group of Companies founded by her father Pek Ah Leck, has picked up a bungalow along Jalan Kampong Chantek, for S$15.3 million or S$1,372 psf on land area. Standing on an elevated site of about 11,155 sq ft, the property was renovated a few years ago and is understood to have five ensuite bedrooms; the master bedroom has a big walk-in wardrobe and its own lounge/study area. The house also has an infinity pool. It is currently tenanted. Along Bishopsgate in the Chatsworth Park GCB Area, a bungalow is transacting for nearly S$27.89 million or S$1,849 psf on land area of 15,085 sq ft. It had been jointly owned by Liu Cheng Chan, the founder of Parakou Shipping who died last year, and his wife Chik Sau Kam. Spanning two levels, an attic and a basement, the house has seven ensuite bedrooms, a family entertainment room and a lap pool. The buyer is involved in a host of businesses including tea leaves, ship bunkering and passenger ferry services. According to List Sotheby's International Realty's analysis of caveats captured by URA Realis, year to date, 35 deals totalling S$871.4 million have been sealed in GCB Areas. For the whole of last year, there were 42 transactions amounting to S$888.6 million. Market watchers note that in addition to the S$871 million in caveated deals since the start of this year, there have been at least S$215 million in transactions completed in the same period for which caveats were not lodged by buyers. Bungalows in GCB Areas are the most prestigious form of landed housing in Singapore, with strict planning conditions stipulated to safeguard their exclusivity and low-rise character. There are only about 2,500 bungalows in the 39 GCB Areas. William Wong, founder of Realstar Premier, observed that since the second quarter of this year, demand for bungalows in GCB Areas has been very selective. "For those in prime locations such as Tanglin, Cluny and Dalvey, there is still a strong pool of demand from buyers prepared to pay a premium; it takes a shorter period of one to three months typically to move a property that comes on the market. "In comparison it could take six to nine months to find a buyer in locations further away."

https://www.youtube.com/watch?v=u2syDDenK6g A female body was believed to have been found by the side of a pool in a bungalow just off Coronation Road on Wednesday. Several police officers, including crime scene investigators, were seen canvassing the neighbourhood and collecting evidence at the house located along Victoria Park Road when The Straits Times arrived at the scene earlier. A large blue police tent had been used to cover the woman's body, which was lying on the wooden deck by the side of the swimming pool in the upscale bungalow. No details were available as to what caused the death of the woman, but The Straits Times understands that the case has been classified as an "unnatural death" and investigations are still ongoing. Source: http://www.straitstimes.com/breaking-news/singapore/story/woman-found-dead-the-side-swimming-pool-upscale-bungalow-20140319

Super rich Lt General of PLA, China ..... Yahoo news: Chinese general charged with graft A top Chinese military officer has been formally charged with corruption after he was exposed as owning dozens of homes, gold statues and luxury liquor, state media reported Tuesday. Gu Junshan, a former lieutenant general and deputy logistics chief for the People's Liberation Army, is the highest-ranking officer to face a military trial since 2006, the state-run Global Times newspaper said. He was charged with embezzlement, bribery, misuse of state funds and abuse of power, Xinhua said, quoting the military prosecutors' office, which could not be reached by AFP. Gu has been under investigation for more than two years. In January, widespread coverage of his opulent lifestyle in China's strictly controlled media indicated that authorities wanted to publicise his alleged misdeeds. He owned dozens of apartments in central Beijing, and his mansion in Puyang in the central province of Henan housed several gold art pieces, the magazine Caixin reported at the time. The home was modelled on the Forbidden City, the former imperial palace in Beijing, covered one hectare (2.5 acres) and was dubbed the "General's Mansion" by locals, it said. Officials seized "a gold boat, a gold wash basin and a gold statue of Mao Zedong" along with "crates of expensive liquor" on the premises, it added. more on the story, link: https://sg.news.yahoo.com/chinese-general-charged-graft-043017410.html

Singapore bungalow on sale for $300m by Wing Tai

Hey peps... any idea to find or chance to rent a bungalow for 2 days on new years eve...??? Am organizing a mini party for a family of 10-15 people... budget around 200-400 bucks...

Couldn't believe it.... S$108/- million bungalow located in Singapore.. Yahoo report : http://sg.news.yahoo.com/sentosa-cove-bung...54--sector.html A 2-stroey, 6 rooms bungalow at Ocean Clove, Sentosa cost a whopping S$108 million with only 103yrs least...... David Beckham mansion in England cost $50 million pound but with 16 rooms and freehold....

Young Malaysian women are apparently not money-minded and materialistic. When it comes to finding a life partner, many female participants at a recent youth forum said they would rather have someone with five 'As' (Affection, Appreciation, Ambition, Acceptance and Attitude) instead of the so-called five 'Bs' (Billions, Bungalow, Benz, Brain and Body). In the long run, I'm sure they would eat their words. What I can infer is that, these women wouldn't mind having an ambitious partner who maybe isn't stable job-wise and monetarily-wise but appreciates them? Surely, they can't be completely not money-minded? Of course, I won't expect my partner to be a billionaire residing in a bungalow driving a Benz, but he must have a stable income at the least? If not, how can I enjoy a random food feast, being the foodie that I am!? In my opinion, it's relatively easy to find someone to give you affection and to appreciate you as you are, especially in the case whereby the female is the sole breadwinner and the guy isn't exactly "brainy" enough to get a high-paying job. Because he's relying on you, and he may have a good heart but where's the stability? To me, it's expected of the guy to accept you as you are and have the characteristics you're looking for in a partner, so that shouldn't be a fixed criteria for a partner. It's almost the same as making the statement "I'm looking to find a guy who isn't abusive." Anyone in their right mind wouldn't want someone like that! I guess in Singapore, it's hard not to be money-minded, especially with regards to the future. I, for one, would mind if my partner gets a lower salary than I do, because of the generalized stereotype that the man is supposed to be the one who "looks after the house." I wouldn't want to be in the compromising position whereby I have to pay for almost everything. And I'd like to think that people do use their materialistic products to show off how well they are doing, which explains why branded goods are more favoured. But that doesn't make it a necessity, most of us can do without these items anyway. http://starblog.stomp.com.sg/post.php?blogid=2252

Chinese actress and ex-beauty queen Nina Li is best known for her voluptuous assets and 36-22-36 figure. Although the 48-year-old was previously labeled a 'bimbo' thanks to her heaving chest and presupposed 'lack of intellect', the mother-of-two proved naysayers wrong when she recently pocketed hefty earnings of S$7.13mil when she resold a bungalow purchased more than 20 years ago for S$8.01mil (almost ten times its original price at S$870,000). A common figure in Chinese movies from the 1980s, Nina once said that a female actress should never be reliant on one's looks and figure. After earning a tidy sum from showbiz, Nina subsequently retired in the early 1990s and wholeheartedly devoted herself to her husband and two daughters. The actress is heavily lauded for having a keen eye for property and frequently dabbles in investments and properties. Source : Xin.sg