Interest from local, overseas players in Cuscaden property

Relaxing on one with the last undeveloped plots during the Orchard Roads area is known as a two-storey dull bungalow dwarfed by towering condominiums, resort hotels and searching centres.

The late Mister Tan Hoon Siang bought the 26, 741 sq ft freehold property on Cuscaden Roads for $18, 591 on May 49 at an retail. He was the great-grandson of famous goodhearted person Tan Tock Seng.

Your home is named Suite Marie, along with a sign preceding one of it has the doors, a different on it has the gate and a third one of the partitions.

It was perhaps named after Mister Tan Hoon Siang’s second wife, Madam Marie Windsor, who past away in July 2007 within the age of 97.

Mr Color died within the age of 82 in Could 1991, even though his primary wife, Madam Chee Hoong Luan, past away at the involving 63 on May 1973.

Now your home has been created for sale by means of his 3 sons, working as walnut creek ca for his estate, pertaining to $160 , 000, 000 to one hundred seventy dollars million. Inquiries have been strong for the site since it was put on the market last Monday. The tender for the site closes on May 12.

Interest is coming from both local and overseas developers and hotel investors, said the marketing agent.

Some of the overseas parties already have a presence here, while others are looking to make their maiden investment in Singapore. The site is zoned for hotel use, but the Urban Redevelopment Authority has said it would consider a proposal for a 20-storey residential project as well.

Today, the grounds show some signs of disrepair. A fountain at the front of the house is not operating and is full of moss, while stones marking walking paths have fallen away. At the back of the house, a Buddhist shrine could be seen when The Straits Times visited last Friday, with an elderly gardener pottering around.

Mr Tan’s family is said to have lived in the property, which appeared to still be occupied last Friday, with a maid ironing in one of the rooms where a portrait of him was prominently displayed.

He had a son and five daughters with Madam Chee, whom he married in 1931. He had another two sons and three daughters with Madam Windsor. He headed several rubber companies in Malaysia as well as Bukit Sembawang Estates, and was a director of OCBC Bank.

Prior to taking up residence in Cuscaden Road, Mr Tan lived in a building in Leonie Hill. On 1981, the guy sold them to a component of Asia Organization pertaining to $51 , 000, 000, or $307 per sq ft every plot relative amount. The company generally seems to have blend the site with others and built Leonie Condotel.

A small number of redevelopments of landed dwellings have taken set up Orchard during the last few decades.