Komoco chairman’s Old Holland Road GCB sold after auction closes via private treaty

Komoco chairman’s Old Holland Road GCB sold after auction closes via private treaty

The treaty came after bids failed to reach the reserve price of $36 million for the good class bungalow. Read more at straitstimes.com.

Komoco chief’s Old Holland Road Good Class Bungalow draws bids; sells privately after auction

A Good Class Bungalow (GCB) along Old Holland Road took centre stage at SRI’s property auction on April 23, drawing more than 20 attendees. The auction began in the afternoon with an opening price of $36 million ($1,555 psf). A counteroffer of $33 million ($1,426 psf) was quickly made and accepted by SRI’s managing partner of auction, Mok Sze Sze. Bidding gained momentum, rising to $34 million, then $34.5 million, eventually reaching $35 million…