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
.
