A house at the end of a cul-de-sac on a quiet street on Astrid Hill is on the market with a price tag of $52 million, with several agents specialising in landed property marketing it. The single-storey Good Class Bungalow (GCB) sits on a 26,983 sq ft, elevated freehold plot. The asking price therefore translates to $1,927 psf.
The owner of the house is Shi Ka Yee, who is in her 70s and has been dubbed the “Ferrari lady” by the press for her misdemeanours while driving her red Ferrari across town. She is said to have caused a traffic jam in the middle of Orchard Road when she stopped her Ferrari in front of a tour bus in 2016, blocking off three out of the five lanes. In February 2014, she reportedly punched another motorist after getting into an argument with him along Telok Ayer Street in the CBD.
On the weekend of July 20 and 21, City Developments Ltd (CDL) released 30 units at luxury, freehold project, Nouvel 18. To date, 16 units or more than half of the units released have been sold, according to CDL. Units sold were predominantly three- and four-bedroom apartments.
About 90% of the buyers are said to be foreigners. “The foreign buyers were predominantly from Hong Kong and China,” says Dominic Lee, head of luxury team at PropNex Realty, the marketing agent for Nouvel 18. The other marketing agents of Nouvel 18 are ERA, Huttons Asia and SRI.