Summary

Two grandsons of OCBC Bank’s founding father, Lee Kong Chian, are making significant property purchases. Lee Shih Kwei is acquiring a Barker Road bungalow for $43.2 million, while Lee Shih Hua recently bought two Sentosa Cove condo units for $23.9 million. Analysts suggest the purchases may be strategic, with the bungalow offering privacy and the condos providing a desirable location.

https://www.straitstimes.com/business/property/lee-kong-chian-grandsons-buy-barker-rd-bungalow-for-43-2m-sentosa-condos-for-23-9m?ref=top-stories