A bungalow at 8 Lornie Road that has sheltered generations of family members of late real estate tycoon Chng Gim Huat is now on the market at a guide price of $83 million.

The price for the 51,700 sq ft landed plot, which sits in a two-storey semi-detached landed estate, translates to $1,605 psf on the land area. Knight Frank Singapore is the exclusive marketing agent for the sale of this property.

Located in prime District 11, this site is one of the last remaining large landed plots along this stretch of Lornie Road. The property features expansive grounds and a relatively long frontage of about 58m.

This is not the first time the freehold family home has been listed for sale. It went on the market for $82 million ($1,586 psf) in May 2025, in a private treaty sale. The current guide price of $83 million, or $1,605 psf, is a 1.2% increase from the previous asking price.

The size of the landed site for sale means that it could potentially be subdivided into six detached or 16 semi-detached houses, or even a new cluster housing project, according to Knight Frank.

In fact, most of the landed properties have likely already been subdivided in the past, and new strata landed developments have also sprung up.

The most recent example is a former bungalow plot on 14 Lornie Road that was acquired by Clydesbuilt Group, who subsequently redeveloped the site into Lornie 18 in 2006. The development is a freehold cluster housing project of 18 strata-titled detached houses.

The most recent transaction recorded at Lornie 18 was a 4,650 sq ft unit at 12Q Lornie Road that was sold for $5.55 million ($1,194 psf) in August 2026. Another unit at 12N Lornie Road changed hands for $6.8 million ($1,379 psf) when it was sold in July 2024.

On the other hand, the new owner might keep the large land size and redevelop the site into a new multi-generational family home.

This was how the late Chng Gim Huat, who founded local property development company CGH Group, and his descendants used the home in the past. The bungalow served as a private residence and a gathering place for the family’s business discussions since the 1970s.

Image: Orchid Hotel

Knight Frank also brokered the sale of Orchid Hotel in Tanjong Pagar earlier this year, on behalf of CGH Group. The hotel property was built by the developer in 2011, after it won a government land tender for the hospitality site. Orchid Hotel was sold to Singapore property investor Leow Ban Leong and Canada’s Westmont Hospitality Group for S$273 million in June this year.

Other developments in Singapore still owned by CGH Group include CGH Building on Killiney Road and Paya Ubi Industrial Park.

Turning back to the landed property for sale at 8 Lornie Road, Dayna Ang, Senior Manager of Capital Markets at Knight Frank Singapore, says that it is a rare opportunity to acquire a large freehold site that has been listed at an attractive entry point, especially given how Singapore's landed residential market is fundamentally underpinned by scarcity of freehold land.

“Beyond its immediate redevelopment potential, 8 Lornie Road offers the opportunity to secure a substantial freehold estate in a market where opportunities of this nature are increasingly difficult to replicate," she says.

The sale presents buyers with a choice that goes beyond the price tag: retain a historical family home, create a private estate for future generations, or explore the site's redevelopment potential.

With three compelling propositions, potential buyers will be asking themselves the question of whether the property's scale, location and development possibilities can justify its asking price.

Melvin Chay, Interim Head of Capital Markets at Knight Frank Singapore, noted that well-located freehold residential assets continue to attract interest from developers and private capital.

While developers are focused on development feasibility and end-buyer demand, private buyers tend to place greater emphasis on location, privacy and long-term ownership, attributes which 8 Lornie Road brings together, he says.

The tender exercise for the sale of 8 Lornie Road closes on November 12.