Zhu Su S’porean crypto-billionaire in first talks to buy GCB worth $ 48.8 million – Wired PR Lifestyle Story

The Business Times Zhu Su crypto-billionaire and his wife, Tao Yaqiong Evelyn, announced today (December 17) that they have offered to buy a Good Class Bungalow (GCB) on Yarwood Avenue in the Bukit Timah area for S $ 48.8 million.

It measures 31,862 square feet and is worth $ 1,532 per square foot (psf). The couple is still in the early stages of the purchase, and the property will be “trusted” by their child.

Only one Singapore citizen can have a GCB, and all three family members are Singapore citizens.

Zhu, 34, is the co-founder and CEO of Three Arrows Capital Ltd Singapore hedge fund. The company was founded in 2012 by Kyle Davies and is currently one of the largest cryptocurrency holders in the world. a billion-dollar portfolio.

Both are former Credit Suisse merchants and are among the pioneers of Wall Street who have embraced cryptography.

Both seemingly “they kept talking about their fortune and social media has recommended that crypto-billionaires do the same, “but they are always happy to share their favorite professions and assets.

Many others have also been buying GCBs

GCBs are the cream of the crop in the Singapore real estate market. To be classified as a GCB, the land plot must have a minimum land area of ​​15,070 square meters.

This year, the founders of at least four startups and the chief technology officer have announced that the founders of the companies have purchased or purchased the GCBs.

The first is Ian Ang, the CEO of the Secretlab gaming chair manufacturer. He reportedly took not one, but two, luxury freehold properties terribly S $ 51 million.

The 28-year-old splashed money on a GCB at 27 Olive Road in Caldecott Hill Estate for S $ 36 million, and S $ 15 million for a 7,007-square-foot five-bedroom penthouse at Leedon Residence.

Meanwhile, Grab CEO Anthony Tan’s family ‘took over’ A good class bungalow near Holland Village for $ 40 million and Razer CEO Min-Liang Tan is reportedly in the early stages of purchasing a GCB Bin Tong Park area for S $ 40 million.

China’s chief technology giant TikTok in Singapore, Chew Shou Zi, was also reported to be in the early stages. A Good Class Bungalow (GCB) bought S $ 86 million.

It will redevelop a property in Queen Astrid Park that covers more than 31,800 square feet, about S $ 2,700 per square foot.

These latest property networks have strengthened their status. “individuals of high heritage“.

Featured Image Credit: Genesis Block / Google Maps