Real Estate
Scion of Singapore’s Richest Banking Dynasty Buys Mansion for $29 Million
- Singapore’s high-end property market saw a tepid 2023
- The bungalow is more than 19,500 square feet in size
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A scion of the Wee family, Singapore’s richest banking dynasty, is buying a S$39.5 million ($29 million) mansion, taking advantage of a lull in the high-end real estate market.
Grace Wee Jingsi, the youngest child of United Overseas Bank Ltd. Chief Executive Officer Wee Ee Cheong, is buying the so-called good class bungalow at Ford Avenue, according to property filings lodged March-end seen by Bloomberg News.