Luxury bungalow in Raffles Park on the market for upwards of $21 mil

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December 15, 2018 8:00 AM SGT
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Bungalows are often considered the crème de la crème of private residential homes among Singaporeans and, among them, the most sought-after are those in the Good Class Bungalow areas. These properties are located in 39 areas gazetted by URA, and supply can be increased only through subdivision of bigger GCB plots. Property consultants estimate there are only 2,400 to 2,500 GCBs today. Since the owners of a luxury bungalow in the Raffles Park GCB area — Dr Winston Jong and, his wife, Rowena — put their property on Oriole Crescent on the market two months ago, there have been three expressions of interest.
The property on Oriole Crescent is a 2½-storey bungalow that occupies a regular-shaped, freehold site of 10,484 sq ft. Jong is group CEO and group medical director of EMA Global, a medical assistance company he founded in 1995. He and his wife purchased the property in 2009.
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The 10,484 sq ft house on Oriole Crescent has an asking price of more than $2,000 psf (Pictures: Samuel Isaac Chua/The Edge Singapore)
They tore down the original house and rebuilt it into a new six-bedroom house with a built-up area of 12,500 sq ft designed by renowned architect Aamer Taher of Aamer Architects. The house was completed in 2011, and the couple, along with their three daughters, moved in then.
“My husband and I enjoy living in this area very much, and have come to know many nice neighbours here,” says Rowena. Their previous home was also on Oriole Crescent. Jong had purchased it in 1998. The freehold land was 10,452 sq ft, but the built-up area was smaller, at 7,000 sq ft. The Jongs wanted to be in the neighbourhood because all three daughters were studying in Raffles Girls Primary School then.
“However, as the children grew older, they wanted more space,” she adds. That led to the purchase of the current home on the same road nine years ago.
Now,...