Continue reading this on our app for a better experience

Open in App
Home News Property

CK Tang's son seeks $83 mil for Victoria Park GCB

Bloomberg
Bloomberg • 2 min read
CK Tang's son seeks $83 mil for Victoria Park GCB
The so-called good class bungalow, which sits on more than 0.7 acres of land, was listed by realtor Knight Frank for sale Friday. Photo: Bloomberg
Font Resizer
Share to Whatsapp
Share to Facebook
Share to LinkedIn
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

A scion of the Tang family behind one of Singapore’s iconic department store chains is seeking to sell his mansion for $83 million, amid an upswing in transactions for the the city-state’s most prestigious properties.

The so-called good class bungalow, which sits on more than 0.7 acres of land, was listed by realtor Knight Frank for sale Friday. It’s located in Victoria Park, a wealthy area near the Botanic Gardens, and has covered parking, eight bathrooms and a swimming pool. 

The property is owned by Tang Wee Kit, according to a filing seen by Bloomberg News. He’s the son of the late Tang Choon Keng, better known as C.K. Tang. The China-born tycoon established an iconic department store in Singapore’s main shopping belt, Orchard Road, which still operates there today.

Singapore has seen mansion sales increase lately following a lull that was triggered by rising interest rates and a major money laundering investigation. Recent purchasers include the wife of Sea Ltd.’s billionaire founder Forrest Li, an heir of Chinese metal tycoon Xiang Guangda, and a scion of Singapore’s richest banking dynasty.

The younger Tang, according to business filings, is the managing director of Tang Holdings Pte, an investment holding firm that has various property investments in Singapore and is a majority owner of C.K. Tang Ltd., which runs the Orchard department store and another outlet in the city’s south.

A spokesperson for C.K. Tang Ltd. declined to comment while Knight Frank didn’t respond to an emailed request for comment.

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
© 2024 The Edge Publishing Pte Ltd. All rights reserved.