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Tang family scion mansion price slashed again by S7 million to S73 million

CK Tang was a prominent businessman and philanthropist who made his fortune in the construction industry.

The History of Victoria Park Mansion

The Victoria Park mansion has a rich history that dates back to the 1960s. It was built by CK Tang, who was a prominent businessman and philanthropist. The mansion was designed by renowned architect, Mr. Tan, and took over two years to complete. The property was originally intended for CK Tang’s personal use, but it was later converted into a luxury hotel.

The Current State of the Property

The Victoria Park mansion is currently owned by Tang Wee Kit, the son of CK Tang. The property has undergone significant renovations and upgrades over the years. The current asking price of S$73 million reflects the property’s luxurious features and prime location. The mansion sits on over 0.28 hectare of land, offering ample space for outdoor activities and entertainment. Key features of the property include:

  • A private swimming pool
  • A tennis court
  • A gym
  • A private movie theater
  • A wine cellar
  • A private garden

    • The Market Trends and Competition

    The luxury property market in Singapore is highly competitive, with many high-end properties vying for attention. The current market trends suggest that buyers are looking for properties with luxurious features and prime locations. The Victoria Park mansion’s asking price of S$73 million reflects the property’s high-end features and prime location. Key factors that influence the property’s value include:

  • Prime location
  • Luxurious features
  • Size and layout of the property
  • Condition and age of the property

    • The Future of the Property

    The future of the Victoria Park mansion is uncertain, as it is currently on the market for sale.

    The Luxury Real Estate Market in Singapore

    The luxury real estate market in Singapore has been experiencing a slowdown in recent years. Despite the overall recovery in property transactions, high-end properties are struggling to sell.

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