Public Bank heiress buys Singapore luxury mansion for record S$93.9mil


Diona Teh Li Shian — AZLINA ABDULLAH/The Star

A Singapore luxury mansion has been purchased at a record price per square foot by a scion of the family which backs one of Malaysia’s largest banks.

The S$93.9 million ($70.3 million) purchase of a so-called Good Class Bungalow under construction in the city-state’s Tanglin Hill area was completed last month, according to property records seen by Bloomberg News. It was bought by Diona Teh Li Shian, a daughter of the late tycoon Teh Hong Piow, who founded Public Bank Bhd.

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