Good Class Bungalow bought by Viz Branz CEO Ben Chng for $48 million

Ben Chng, the CEO of neighborhood immediate beverage manufacturer Viz Branz, has bought a fantastic Class Bungalow in Swettenham Close for about $48 million, dependent on a real estate name search on INLIS.

Canninghill Piers River Valley Clarke Quay location has a huge impact on property value. The prestigious district 9 is an incredible location equipped with everything at hand.

Concerning cost psf, it’s the greatest since 2019, when billionaire James Dyson, the wealthiest man in the united kingdom, paid $50 million ($3,311 psf) to get a brand new GCB in Cluny Road made by Guz Wilkinson of Singapore- based Guz Architects.

The GCB in Swettenham Close was discreetly set on the market for $50 million per year ago.

The GCB is situated in the conclusion of a cul-de-sac on Swettenham Close. “This home is most likely in the furthest point across Swettenham Road and it commands sweeping views of the surrounding GCB property,” states Bruce Lye, managing partner of SRI.

This GCB place is a short drive into the Botanic Gardens, a feature that appeals to a lot of GCB buyers and homeowners, states Lye.

The price achieved for the GCB in Swettenham Close is very likely to have set a new benchmark for your estate. “It could result in an upward change from the asking price of this GCBs which are still on the market these days,” reckons Lye.

Bloomberg reported in November 2020 the Chng offered a vast majority stake in Viz Branz into Bahrain-based investment firm Investcorp Holdings. The private equity and other asset manager is the largest private equity business in the Middle East, along with the agreement valued the firm at up to $500 million at that moment, according to the Bloomberg report.