During the Second World War, it fell into the hands of Japanese officers. Later, famed businessman Choa Kim Keat and his family took residence in it. Now, along with an adjoining site, the Marine Parade bungalow is now up for sale, expecting offers of $100-$110 million, or $1,125-1,126 per sq ft (psf).
(Before reclamation works, the bungalow overlooked the seaside. Image courtesy of Calvin C Teo.)
The century-old single-story bungalow is the last of its kind. At 113-years old, it’s been around even before reclamation works began, allowing occupants to enjoy the aesthetic and recreational perks of living near the seaside. Fortunately, it appears the bungalow will be sticking around to see even more changes; it’s been earmarked for conservation, to be preserved for the sake of future generations. This will certainly act as a breath of fresh air against a sea of condominiums, according to marketing agent Credo Real Estates. Tenders for the property close June 6.
The plot is divided into two sections: one is the bungalow itself, which faces Marine Parade Road, while the other overlooks East Coast Road and contains six three-storey flats and servants’ quarters. The plot takes up 47, 400 sq ft of land, or half the size of a football field.
“The developer could also explore the option of converting the house into a strata-bungalow, for which, given its historical background, we believe the demand would be hot,” suggests Credo to The Straits Times, taking a leaf from conservation-building-turned-condominium the Grand Duchess at St Patrick’s. One of its two history-infused buildings now houses two apartments, and the other, a clubhouse.
Recent collective property sales in District 15 – where the conservation bungalow is located – include Paramount Hotel and Paramount Shopping Centre at $214 million or $1,178 psf per plot ratio (ppr), as well as condominium Marine Point at $100.7 million or $1,056 ppr.
The late Choa Kim Keat was an influential businessman, remembered for his work as a tin salesman for the Straits Trading Company in the 1880s. Kim Keat Road was named after him. He also owned properties in Neil Road and Pasir Panjang. He moved back into the then-called Sea Breeze Lodge with his family after the war.
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Related Categories: Private Residential
Tags: bungalow, Choa Kim Keat, conservation buildings in Singapore, Conservation Bungalow, Credo, East Coast, Grand Duchess, last bungalow in Singapore, Marine Parade, Sea Breeze Lodge, St Patrick
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