Secretlab gaming chair CEO acquires two properties for $51mil in a week

Within just a week, video gaming seat business firm Secretlab’s CEO Ian Ang bought two high-class residential properties for a complete amount of $Fifty One mil, presented ST.

Specifically, the Twenty Eight yo co-founder of the ergonomic seat seller obtained a good class bungalow within Caldecott Hill together with a penthouse near the Botanic Gardens.

Documentations observed by The Straits Times revealed that Ang was granted an OTP the GCB in Olive Road for $Thirty Six million by Danny Yong M.C. on 14June.

Yong is the Chief Exec Officer also Founding Partner of S’pore investment mgr Dymon Asia Capital.

Ang, who is the youngest winner of the EY Businessperson of the Yr designation, exercised the option on 24 Jun.

The $36 mil rate resolves to $1.537K psf formed on the area’s 23,424 square ft surface area– exceeding the previously transaction value of $7hundred 44 psf for a housing in Andrew Road November ’20.

“This transaction is a log per sq ft price for the Caldecott Hill good class bungalow area,” explained Lighthouse Property Professional Managing Director Samuel Eyo.

“Using this operation, it will definitely escalate the per sq foot cost for GCBs located in this neighborhood by approximately 10%,” he added as mentioned by ST.

He revealed that the home rises above floor, granting unblocked landscapes of the greenery within the Mt Pleasant location and even the S’pore Polo Club.

The Straits Times marked that the warning for the 2nd freehold house– that was actually a 5 sleeping room triplex walk up at Leedon Residence– was entered for $Fifteen million on 28June.

Sengkang Grand Residences condo

For the pair of sales, Ang was represented by CBRE VP of Residential Stephen Ho, that shared the purchases were produced complying with a 2 yr explore as well as “mindful factor to consider”.

“The major charm of the GCB is the land overall size also the unblocked sight of the greenery and sky line, in addition to the serenity and privacy the surrounding area provides,” he mentioned to ST.

Ho spoke Ian wishes to settle at the 7.007K sq foot Leedon Residence penthouse, whilst the landed will certainly be renovated.

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