Properties where Lee Kuan Yew's sister-in-law once lived now on sale for S$26 million & S$27 million
SINGAPORE: Two properties where the sister-in-law of Singapore’s founding Prime Minister Lee Kuan Yew once lived have been put on the market, if anyone is interested in owning a freehold Good Class Bungalow (GCB) site.
This type of property is designated by the Urban Redevelopment Authority and is the most exclusive and prestigious type of landed housing in the city-state.
The properties, each of which has an existing single-storey detached bungalow, may be found within the Camden Park GCB area in District 11. They are on the market for S$26 million and S$27 million.
The area is located near the Singapore Botanic Gardens and has convenient access to Orchard Road and the Central Business District.
In the past, the properties were the residence of Earnest Lau and Kwa Geok Lian, who is the sister of Kwa Geok Choo, Mr Lee’s wife. According to the properties’ agent, the couple were “respected educators who made significant contributions to Singapore’s education landscape.”
They are currently owned by the same person and are held under separate freehold titles.
The first, 15 Camden Park, is selling for around $1,982 psf on 13,116 sq ft of land area, for a total of S$26 million. Meanwhile, 15A Camden Park is selling for around $1,920 psf on 14,060 sq ft of land area, for a total of S$27 million.
The exclusive marketing agent for the properties, CBRE, said that this is a chance for buyers to obtain a "more manageable" GCB landholding. As such, interested parties may submit offers for either or both 15 or 15A Camden Park.
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"A freehold site of approximately 13,000 to 14,000 sq ft offers considerable scope to still create a substantial family residence, while keeping the overall investment quantum more manageable," Rowena Chan, senior vice president of residential capital markets, Singapore at CBRE, was quoted as saying.
Would-be buyers may have until 5:00 pm on Jan 20, 2027 to express interest in the properties. /TISG
Read also: Indonesia’s Sinar Mas heiress snaps up S$25M GCB near Orchard