The bungalow, located on Chatsworth Avenue near Singapore’s prime Orchard Road shopping district, spans nearly 767 square meters (8,256 square feet), Bloomberg reported, citing a late-June property filing.
It was sold by Raymond Phee, a businessman who serves as CEO of a local company distributing electrical appliances and stationery.
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A bungalow located on Singapore’s Chatsworth Avenue. Photo from Google Map |
Maeloa is the daughter of Sukmawati Widjaja, one of the heirs to Indonesia’s Sinar Mas empire.
Sukmawati’s father, Eka Tjipta Widjaja, established the firm in 1962 and turned it into one of the country’s biggest conglomerates spanning multiple industries, including paper, agribusiness, real estate, financial services and telecom, according to Forbes.
The late tycoon passed away in 2019 at 98, when he was Indonesia’s third-richest person. The Widjaja family has an estimated fortune of US$18.9 billion as of late last year.
A Singapore citizen, Maeloa worked at investment banks, including Goldman Sachs, before taking a director position at Top Global Limited, a property firm controlled by her family, in 2010. She also serves as the director of SW Global Management, a family office registered in 2022.
Good class bungalows, or GCBs, are the most prestigious properties in Singapore.
Restricted to designated zones, these homes must sit on plots of at least 1,400 square meters and be no taller than two stories, according to guidelines from the Urban Redevelopment Authority. There are currently around 2,800 GCBs spread across 39 zoned areas in the city-state.
These properties have been gaining popularity among billionaires and multi-millionaires, with several high-profile purchases reported over 2024 and 2025, according to The Business Times.
Liqian Ma, the wife of internet giant Sea’s billionaire founder Forrest Li, was said to have snapped up a bungalow along Gallop Road for S$42.5 million last year.
Also in 2024, Glenn Kuok, a nephew of Singaporean food giant Wilmar International’s chairman and CEO Kuok Khoon Hong, bought a GCB in Astrid Hill with his mother for S$49 million.
The highest price recorded so far is for a property in Tanglin Hill, which was sold at S$6,197 per square foot (US$51,655 per square meter) earlier this year to Diona Teh, daughter of the late Malaysian banking magnate Teh Hong Piow.
