Dick Lee

2023 - 3 - 31

Post cover — Image courtesy of "The Straits Times"

Three freehold bungalows in Chancery area sold for $61.1 million (The Straits Times)

The bungalows were put up for sale by the family of singer-songwriter Dick Lee and proceeds will go to charity. Read more at straitstimes.com.

“Hence, we are not surprised that the tender sale resulted in over 10 offers, with the eventual price exceeding our indicative price.” This decision to give back to the society is a meaningful element in this sale transaction.” They are also the brothers of Mr Dick Lee.

Sold for $61.1m: Proceeds from sale of Dick Lee family's bungalows ... (AsiaOne)

Three adjoining freehold bungalows at 10/10A Chancery Hill Road, 12 Chancery Hill Road and 14/14A Dyson Road were sold for S$61.1 million, ...

"Hence, we are not surprised that the tender sale resulted in over 10 offers, with the eventual price exceeding our indicative price." "It is fortuitous that Mr Douglas Ong is sympathetic to (our aunt's) objectives and we are very grateful to him for his support." This decision to give back to the society is a meaningful element in this sale transaction." The bungalows are currently vacant. They are also the brothers of singer-songwriter Dick Lee. All proceeds of the sale will go to registered charities, which were not disclosed.

Dick Lee's Family Bungalows Sold To Property Developer ... (Must Share News)

3 bungalows listed by the brothers of Dick Lee were sold for S$61.1 million, with all proceeds going to unnamed charities.

He then thanked Mr Ong for his support. A tender exercise on 21 Mar eventually led to the sale of the properties. [LinkedIn post](https://www.linkedin.com/feed/update/urn:li:activity:7047417361573801984/) today (31 Mar), C&W shared about the sale of the three adjoining freehold bungalows at the following addresses: [The Business Times (BT)](https://www.businesstimes.com.sg/property/three-freehold-bungalows-chancery-area-sold-s611-million), a subsidiary company of property developer Sustained Land bought the homes for S$61.1 million. On Friday (31 Mar), marketing agency Cushman & Wakefield (C&W) announced the sale of all three properties for a total of S$61.1 million. Last month, the brothers of local singer-songwriter Dick Lee were reported to have put up a trio of adjoining freehold bungalows

Singer Dick Lee's aunt's prime freehold bungalows sold for S$61.1 ... (The Online Citizen SG)

SINGAPORE— Three adjacent prime freehold bungalows belonging to the late Agnes Tan, the aunt of singer-songwriter Dick Lee, have been sold for S$61.1 ...

“Aunty Agnes was a first cousin of our late father Lee Kip Lee. [Agnes Tan Kim Lwi](https://cde.nus.edu.sg/arch/news_and_events/a-tribute-to-agnes-tan-a-magnanimous-centenarian/), the aunt of the Lee brothers and daughter of businessman and founder of the Malaysian Chinese Association, Tan Cheng Lock, owned the bungalows. [February this year](https://www.straitstimes.com/business/family-of-dick-lee-puts-prime-bungalows-on-sale-for-60m-with-proceeds-to-go-to-charity) by Mr Peter Lee and Mr John Lee, the executors of the estate of their aunt, the late Agnes Tan. They are sold through a tender exercise which closed on 21 Mar. Peter and John Lee are brothers of singer-songwriter Dick Lee. [The Business Times](https://www.businesstimes.com.sg/property/three-freehold-bungalows-chancery-area-sold-s611-million) reported that the buyer is a subsidiary company of Sustained Land, a property developer founded and owned by Mr Douglas Ong.

Sustained Land buys three adjoining bungalows at Chancery Hill ... (EdgeProp.sg)

The price is $1.08 million higher than the guide price of $60 million set for the properties when they were launched for estate sale via tender in ...

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Dick Lee's family's prime Novena bungalows sold for S$61.1 million ... (Mothership.sg)

The three adjoining freehold bungalows put up for sale by the family of Dick Lee have been sold for S$61,080,008, consultancy Cushman & Wakefield announced on ...

13 by the executors of the estate, Peter Lee and John Lee, who are Dick's brothers. Peter shared that he and his brother John are grateful to everyone who participated in and organised this tender, and that they are very pleased that the top bid exceeded the indicative price. Ong, the buyer, expressed that he respected and admired the decision of having the proceeds going to charity.

Singer Dick Lee's Aunt's Prime Freehold Bungalows Sold For S ... (Enews)

Singer Dick Lee's aunt's prime freehold bungalows sold for S$61.1 million; Proceeds to go to charities – The Online Citizen Asia The Online Citizen Asia ...

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