A property title search showed that the current owners are Teo Hock Seng, executive chairman of Komoco Holdings automotive group — the distributor of Hyundai, Jeep, Ferrari, Maserati and Alfa Romeo — and his wife, Chua Hwee Meng. URA Realis caveats showed that the couple paid $11.58 million ($500 psf) for the GCB in 2007. That was 17 years ago.
One of the most opulent Good Class Bungalows (GCBs) on Old Holland Road is on the market for $66.7 million. The GCB is designed in the neo-classical style, featuring a gabled entrance and car porch that can fit 10 cars.
The house has six en suite bedrooms, a palatial living room with an 8.2m ceiling height and a $100,000 hanging chandelier featuring Swarovski crystals. The formal dining room has an elaborate stained-glass design on the ceiling. The house has a vast swimming pool, a sauna, and a pavilion large enough to fit about 30 people. The previous owner was said to be businessman Robert Heng, founder of Orchard Credit Group. Heng built the 12,000 sq ft GCB on a 23,148 sq ft freehold plot in 1994.
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