Luxury Real Estate in Singapore

In a stunning display of wealth, the granddaughter of the late Indonesian billionaire Eka Tjipta Widjaja has purchased a magnificent bungalow in Singapore's prime Orchard Road shopping district for $19 million. This property, spanning nearly 767 square meters, is a testament to the luxurious lifestyle of the ultra-wealthy.

The Widjaja Family Legacy

Maeloa, the daughter of Sukmawati Widjaja, an heir to Indonesia’s Sinar Mas empire, continues the family's tradition of significant investments in prime real estate. The Sinar Mas empire, founded by Eka Tjipta Widjaja in 1962, spans multiple industries and has amassed a fortune estimated at US$18.9 billion.

Singapore's Good Class Bungalows (GCBs)

Good Class Bungalows (GCBs) represent the pinnacle of Singapore's real estate market, with strict criteria including a minimum plot size of 1,400 square meters and a two-story height limit. These properties are highly sought after by billionaires and multi-millionaires, with recent high-profile purchases highlighting their appeal.

Recent High-Profile GCB Purchases

Among the notable transactions, Liqian Ma, wife of Sea’s billionaire founder Forrest Li, acquired a bungalow for S$42.5 million, while Glenn Kuok, nephew of Wilmar International’s CEO, purchased a GCB for S$49 million. The record for the highest price per square foot was set earlier this year at S$6,197.