Chee Guan Chiang House 25, Grange Road
The bungalow is dilapidated, the site is shrouded by trees and looks nondescript. Oh, and it is worth a whopping $425 million.
This is because the site is ultra-prime - at the corner of Grange and Devonshire Roads, opposite the Youth Park.
That location and a plot ratio of 2.8 means about 10 to 13 blocks of up to 36 storeys can be built on the 100,000-sq-ft site. The new apartments could be sold for $1,600 to $1,800 psf, say property consultants.
While it occupies a land area equivalent to about 71/2 Olympic-size pools, thick foliage obscures the site from view so few passers-by take much notice of it.
The house was so called because it was built by Mr Chee Guan Chiang, eldest son of late Malacca-born tycoon, Chee Swee Cheng, the first chairman of the OCBC group.
It was designed in the 1930s by well-known Singapore architect Ho Kwong Yew, who also designed the original Haw Par Villa, which was destroyed during World War II.
http://realty-united.blogspot.com/2007/04/bungalow-at-727-bukit-timah-road.html
http://www.google.com/search?source...1T4ADBF_enSG253SG254&q=Chee+Guan+Chiang+House
Looks like a potential location to do a horror, gothic or nude shoot.
http://www.pbase.com/synapseman/chee_guan_chiang_3