Cover A view of the Good Class Bungalow along Tanglin Hill currently under construction (Photo: Google Maps)
A view of the Good Class Bungalow along Tanglin Hill currently under construction (Photo: Google Maps)
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Diona Teh Li Shian, daughter of the late tycoon Teh Hong Piow, bought the Good Class Bungalow at a record-breaking price
Diona Teh Li Shian, the daughter of Malaysia’s Public Bank Bhd, has purchased a Good Class Bungalow (GCB) in Tanglin Hill for $93.9 million.
The Singaporean is one of four children of the late tycoon Teh Hong Piow, founder of the financial institution that has grown into Malaysia’s second-biggest lender. Teh has been a public face of the family since her father’s death in 2022.
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Located near the main Orchard Road shopping belt, her new property sits on a plot of about 15,150 sq ft, which was sold for about $6,197 psf—a record-breaking purchase completed in February.
Meir Homes, a local developer of upscale landed properties, is currently constructing the new luxury mansion on the plot that was acquired for $30 million in 2022. Designed by Wallflower Architects, the two-storey, stone-cladded residence will have a total floor area of about 29,665 sq ft, complete with a basement, a 25-metre pool with a tanning deck, a walk-in wine chiller, and an 18-seater theatre.
Read more: UOB CEO’s youngest child acquires Good Class Bungalow off Holland Road for $39.5 million
Valued for their generous size, low-rise character, and sheer rarity—there are only about 2,800 available in land-scarce Singapore—Good Class Bungalows represent the pinnacle of prestigious landed property ownership. These highly coveted properties are strategically positioned in prime neighbourhoods and governed by strict planning restrictions to safeguard their exclusivity.
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Images: Google Maps
