A GCB owned by CK Tang son’s is on sale for SG$83 million

A Victoria Park Good Class Bungalow owned by Tang Wee Kit, a member of the family behind department store chain Tangs, joins the market of prestigious and coveted GCBs for sale in Singapore

Another Good Class Bungalow (GCB) is on the market. A Victoria Park GCB, nestled in a wealthy enclave near Botanic Gardens, comes with a hefty price tag of SG$83 million.

Seated on a plot spanning over 31,000 square feet, the listing by realtor Knight Frank went live on June 3. It comes with six bedrooms, eight bathrooms, covered parking, and a swimming pool.

Belonging to Tang Wee Kit, son of the late Tang Choon Keng, whose family is behind the department store chain Tangs, it is the latest addition to transactions involving Singapore’s most prestigious properties.

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A street view of the road leading up to the GCB

Above A street view of the road leading up to the Victoria Park GCB

A street view of the road leading up to the Victoria Park GCB

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According to business filings, the younger Tang is the managing director of Singapore investment holding firm Tang Holdings, and a majority owner of CK Tang, the operator of the Tangs Orchard and VivoCity department stores.

Mansion sales in Singapore have seen a recent increase following a lull period, the latter attributed to rising interest rates and a large-scale ongoing money-laundering investigation. The latest exchanges involving GCBs include Sea’s billionaire founder Forrest Li’s wife’s SG$42.5 million purchase along Gallop Road, and the UOB chief executive Wee Ee Cheong’s youngest child, Grant Wee, who acquired a Ford Avenue GCB worth S$39.5 million.

This Victoria Park GCB owned by the late CK Tang’s son could be yours for SG$83 million