# Late tycoon Chng Gim Huat's Lornie Road bungalow back on market at $83 mil - **Source:** EdgeProp Singapore - **Published:** 2026-10-13T01:00:00.000Z - **Author:** Cecilia Chow - **Original:** https://www.edgeprop.sg/property-news/late-tycoon-chng-gim-huats-lornie-road-bungalow-back-market-83-mil - **Topics:** Private Residential, New Launches, Transactions & Deals ## Featured rationale Its potential subdivision into six detached or 16 semi-detached houses may attract developers and private investors seeking scarce, well-located freehold residential assets. ## AI summary The 51,700 sq ft freehold bungalow site at 8 Lornie Road has relaunched by tender for $83 million, or $1,605 psf, up 1.2%. ## Original article The sprawling freehold bungalow at 8 Lornie Road, formerly the home of the late property tycoon Chng Gim Huat, is back on the market with a guide price of $83 million, or $1,605 psf. The 51,700 sq ft estate in prime District 11 is being offered for sale by public tender, with Knight Frank Singapore appointed as the exclusive marketing agent. The property was first launched for sale by private treaty in May 2025 at $82 million, or $1,586 psf. The Chng family subsequently withdrew it from the market. The latest asking price is up $1 million, or 1.2%. Read also: The Toh Crescent resort home and garden an agronomist spent nearly two decades nurturing, now asking $12 mil The relaunch follows the family's June sale of the 272-room Orchid Hotel at 1 Tras Link in Tanjong Pagar for about $273 million. Developed by Chng's CGH Group, the hotel opened in 2011. The buyer of Orchid Hotel was reportedly a joint venture majority-controlled by an entity linked to Leow Ban Leong, one of the two owners of Singapore-based construction and property group Master Contract Services. North America-based Westmont Hospitality Group holds a minority stake in the joint venture. Knight Frank also brokered the hotel sale. Family home dating back to 1937 The pre-war bungalow at 8 Lornie Road dates back to 1937 and is believed to have been purchased by Chng in the 1970s from the late Kwek Hong Png, founder of Hong Leong Group and father of City Developments Ltd (CDL) executive chairman Kwek Leng Beng. Chng, who died in August 2024 at 90, lived in the house with his wife and seven children — five sons and two daughters. Over the decades, the house was expanded to accommodate the growing family. In the 1990s, the family added two bedrooms to the second floor and built an office suite for the family's investment holding company, Chng Gim Huat Holdings, on the ground floor. The estate also has an expansive garden with mature fruit trees, including durian, mango, avocado, longan, pomelo and starfruit. Read also: Why Far East Organization waited 16 years to launch freehold The Serra Residences in Novena In a May 2025 interview with EdgeProp Singapore, Chng's son Alex recalled how the family would gather in his father's office after dinner to discuss business. Chng also acquired an adjoining bungalow plot in 1987 and redeveloped it into two pairs of semi-detached houses -- one for four of his four sons. Redevelopment potential According to Knight Frank, the 8 Lornie Road site has about 58m of road frontage and offers redevelopment potential. When the property was first marketed in 2025, Knight Frank indicated that the site could be subdivided into six detached houses or 16 semi-detached houses, subject to approval by the relevant authorities. Alternatively, the site could be retained as a single private estate for a multigenerational family. "Beyond its immediate redevelopment potential, 8 Lornie Road offers the opportunity to secure a substantial freehold estate in a market where opportunities of this nature are increasingly difficult to replicate," says Dayna Ang, senior manager of capital markets at Knight Frank Singapore. Alternatively, the site could be retained as a single private estate for a multigenerational family. Ang considers the guide price of $1,605 psf on land "an attractive entry point" for buyers with a long-term investment horizon. Read also: The architecture of ambition: A legacy home built for visionaries Melvin Chay, interim head of capital markets at Knight Frank Singapore, says the firm continues to see interest from developers and private investors in well-located freehold residential assets. "While developers are focused on development feasibility and end-buyer demand, private buyers tend to place greater emphasis on location, privacy and long-term ownership," he says. The tender for 8 Lornie Road will close on Nov 12 at 3pm. Check out the latest listings for District 11 properties ## Chinese translation > Translation model: grok_cli ### 已故大亨Chng Gim Huat的Lornie Road洋房以新币8300万元重新挂牌 这一新币8300万元的定价相当于占地51,700平方英尺的宽阔永久地契地块每平方英尺新币1,605元。 这栋位于8 Lornie Road的宽阔永久地契洋房，曾是已故地产大亨Chng Gim Huat的住所，现以指导价新币8300万元或每平方英尺新币1,605元重新挂牌。 这处占地51,700平方英尺、位于核心第11区的庄园正以公开招标方式出售，Knight Frank Singapore获委任为独家营销代理。 该物业最初于2025年5月以私人协议方式推出，定价新币8200万元或每平方英尺新币1,586元。庄氏家族随后将其撤出市场。最新要价上调新币100万元，升幅1.2%。 另读：一位农学家近二十年悉心打理的Toh Crescent度假宅邸与花园，现要价新币1200万元 此次重新推出，正值该家族于6月以约新币2.73亿元出售位于丹戎巴葛1 Tras Link、拥有272间客房的Orchid Hotel之后。该酒店由Chng的CGH Group开发，于2011年开业。 据报，Orchid Hotel的买家是一家合资公司，由与Leow Ban Leong有关联的实体控股；Leow Ban Leong是新加坡建筑与地产集团Master Contract Services两名业主之一。总部位于北美的Westmont Hospitality Group持有该合资公司少数股权。此次酒店出售亦由Knight Frank促成。 可追溯至1937年的家族住宅 位于8 Lornie Road的战前洋房建于1937年，据信由Chng在1970年代从已故Kwek Hong Png手中购得。Kwek Hong Png是Hong Leong Group创始人，也是City Developments Ltd（CDL）执行主席Kwek Leng Beng的父亲。 Chng于2024年8月去世，享年90岁，生前与妻子和七名子女——五子两女——住在这栋房子里。 数十年来，房屋经过扩建以容纳不断壮大的家庭。1990年代，家族在二楼增建了两间卧室，并在一楼为家族投资控股公司Chng Gim Huat Holdings建造了办公套间。 庄园内还有广阔花园，种有成熟果树，包括榴莲、芒果、鳄梨、龙眼、柚子和杨桃。 另读：Far East Organization为何等待16年才在Novena推出永久地契项目The Serra Residences 在2025年5月接受EdgeProp Singapore采访时，Chng的儿子Alex回忆，家人会在晚饭后聚集在父亲的办公室讨论生意。 Chng还在1987年购入毗邻的洋房地块，并将其重建为两对半独立式住宅——其中一对供其四名儿子中的四人居住。 重建潜力 据Knight Frank，8 Lornie Road地块临街面约58米，并具备重建潜力。 该物业于2025年首次推盘时，Knight Frank表示，地块可细分为六栋独立式洋房或16栋半独立式住宅，须获得相关当局批准。 或者，该地块也可保留为供多代同堂家庭使用的单一私人庄园。 Knight Frank Singapore资本市场高级经理Dayna Ang表示：“除了眼前的重建潜力，8 Lornie Road还提供了在此类机会越来越难以复制的市场中锁定一处大体量永久地契庄园的机会。” 或者，该地块也可保留为供多代同堂家庭使用的单一私人庄园。 Ang认为，土地每平方英尺新币1,605元的指导价，对具有长期投资视野的买家而言是“有吸引力的入场点”。 另读：雄心的建筑：为远见者打造的传奇宅邸 Knight Frank Singapore资本市场临时主管Melvin Chay表示，该公司持续看到开发商和私人投资者对地段优越的永久地契住宅资产感兴趣。 他说：“开发商关注开发可行性与终端买家需求，而私人买家往往更看重地段、私密性和长期持有。” 8 Lornie Road的招标将于11月12日下午3时截止。 查看第11区物业的最新挂牌