Holland Rise is home to multiple Good Class Bungalows.Former Minister for National Development Mah Bow Tan has reportedly sold his Good Class Bungalow off Holland Road for $50 million.Prior to that, he was the Environment Minister from 1993 to 1995 and the Minister of State for Trade and Industry from 1990 to 1991.
His 28,376 sq ft big GCB in Holland Rise was sold for $50 million last August following a contract signed with Wang Qianqian, a Chinese-turned-Singapore citizen, Edgeprop reported.Wang also owns another GCB at Leedon Park, purchased by her brother Tianlong for $37.3 million in 2021. This is likely to be fuelled by pent-up demand and more realistic prices from owners who are willing to sell, as well as expectations of lower borrowing costs.
Source: News Formal (newsformal.com)
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