Secretlab gaming chair CEO acquires two properties for $51mil in a week

In just a full week, video gaming chair business firm Secretlab’s Chief Exec Officer Ian Ang bought 2 high-end properties for a complete cost of $Fifty One million, revealed The Straits Times.

Mainly, the 28 year old co-founder of the functional seat seller secured a good class bungalow inside Caldecott Hill and also a penthouse alongside the Botanic Gardens.

Papers seen by Straits Times revealed that Ian was alloted an Option to Purchase the GCB in Olive Road for $Thirty Six mil by Danny Yong Ming Chong on 14 Jun.

Yong is the CEO and also Founding Business partner of SGP investment manager Dymon Asia Capital.

Ian, who is the lowest age champion of the EY Business Owner of the Year label, exercised the option on 24 June.

The $36 mil amount works out to $1thousand 5hundred 37 psf formed on the area’s 23thousand 4hundred 24 sq ft size– outmatching the previously negotiated fee of $Seven hundred Forty Four per square ft for a home in Andrew Rd November’20.

“This is a log psf rate for the Caldecott Hill GCB zone,” disclosed Lighthouse Prop Professional MD Samuel Eyo.

“Using this purchase, it is going to increase the psf figure for good class bungalows located in this area by at minimum 10%,” he added as mentioned by The Straits Times.

He made public that the bungalow is placed over land, featuring unobstructed scenery of the greenery located in the Mount Pleasant section also the SPC.

Penrose condo

Straits Times marked in which the warning for the 2nd free rental residential property– that was a 5 bed rooms triplex walk up at Leedon Residence– was register for $15 million on 28Jun.

For both transactions, Ang was served by CBRE Vice President of Non Commercial Stephen Ho, that spoke the purchases were generally produced following a two years explore along with “careful consideration”.

“The primary entice of the good class bungalow is the land measurements along with the unobstructed sight of the greenery and horizon, as well as the quietness and privacy the area provides,” he mentioned to The Straits Times.

Ho stated Ang means to settle at the 7.007K square ft Leedon Residence walk up, meantime the landed is going to be renovated.

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