Family of scion of Singapore pioneer Khoo Kay Hian selling GCB for over $35 million

The Straits Times understands that an option to purchase has been issued for the Gallop Park Road property. ST PHOTO: ONG WEE JIN
New: Gift this subscriber-only story to your friends and family

SINGAPORE - A good class bungalow (GCB) in Gallop Park Road belonging to the late daughter-in-law of Singapore pioneer Khoo Kay Hian, founder of Chinese stockbroking firm Kay Hian and Co - now known as UOB Kay Hian - is in early stages of a sale for more than $35 million, The Straits Times has learnt.

That translates to a new record land rate of more than $2,700 per square foot (psf) based on 13,037 sq ft land - exceeding the $1,940 psf high set in December 2020 by the family of the co-founder of Sichuan hotpot chain Haidilao for a 21,649 sq ft GCB in Gallop Road.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Join ST's Telegram channel and get the latest breaking news delivered to you.