Latest News

Dick Lee’s Family Puts 3 Bungalows Up For Sale At S$60M, Proceeds Go To Charities

Dick Lee’s Family Puts 3 Bungalows In Novena Up For Sale At S$60M

Property prices have been on the rise recently, with HDB units going for millions of dollars.

But not all homeowners are looking merely to make a profit. Recently, local singer-songwriter Dick Lee’s brothers put up three bungalows in the Novena area for sale.

Source: Benjamin Ho on Flickr, for illustration purposes only

They are looking at an indicative price of S$60 million and have pledged to donate all proceeds to charities.

Interested bidders can choose to bid for single or multiple adjoining bungalows.

Dick Lee’s family says all proceeds from bungalows sale will go to charities

According to The Business Times, the listed price translates to S$1,866 per square foot (sq ft), based on a combined land area of 32,148 sq ft.

Dick Lee’s brothers Peter and John Lee are reportedly executing the sale on behalf of their late aunt’s estate.

Speaking to the media, Peter Lee says that their late aunt was the first cousin of their late father and had no children in her lifetime.

Since she was a “great benefactor”, they weren’t surprised that all proceeds from the estate sale will go to charity.

All three bungalows are currently vacant and will sell on an ‘as-is-where-is’ basis.

This means that the properties will be sold in their current condition, whatever this condition happens to be.

 

Under the Urban Redevelopment Authority (URA) 2019 Master Plan, the three homes are zoned for residential (two-storey mixed landed) use.

Bungalows close to amenities in Newton & Novena

Although The Business Times did not pinpoint the location of the homes, they did mention that the three properties are located in District 11, at Chancery Hill Road and Dyson Road.

Source: EdgeProp

This means that the homes are close to nearby shopping malls on Orchard Road and healthcare facilities in Novena and Newton.

They are also close to educational institutions like Anglo-Chinese School (Barker Road), St Joseph’s Institution, CHIJ Toa Payoh, and Singapore Chinese Girls’ School.

According to The Business Times, recent transactions for properties in the area crossed S$3,000 per sq ft.

A new bungalow at 29 Mount Rosie Road allegedly sold for S$3,805 per sq ft last August, the highest price yet.

Have news you must share? Get in touch with us via email at news@mustsharenews.com.

Featured image adapted from Dick Lee on Facebook and Google Maps.

Iqmall Hayat

“Why waste time say lot word when few word do trick? ” -Kevin Malone

Recent Posts

SingPost fires 3 senior executives citing gross negligence, CEO & CFO to contest termination

Earlier this year, three managers were found to have made manual updates on a customer’s…

23 Dec 2024, 12:14 pm

Passenger on US flight slammed for bringing Great Dane as ’emotional support’ dog

On the other hand, some said they'd prefer sitting next to a massive dog than…

23 Dec 2024, 10:12 am

Nearly 20 cats abandoned in Bedok flat filled with rubbish, some injured after jumping from windows

Some sustained injuries after jumping from windows, while others starved to death.

23 Dec 2024, 9:52 am

Continuous heavy traffic expected at S’pore-JB checkpoints till end of 2024: ICA

A record of more than 553,000 travellers crossed both checkpoints on 13 Dec.

22 Dec 2024, 7:25 pm

H5N1 poses ‘highest risk’ of becoming next pandemic, S’pore health authorities monitoring situation

There has been no year-end Covid-19 wave, as had been expected.

22 Dec 2024, 6:42 pm