Did Eduardo Saverin just buy a $167m home in Singapore?

Facebook founder tipped as anonymous buyer of two-acre Nassim Road property

David MG/Shutterstock

A two-acre landed residential property in Singapore with a good class bungalow (GCB) has just sold for a record SGD230 million (USD167 million), the buyer allegedly none other than Facebook co-founder Eduardo Saverin.

Sources close to Business Times linked the buyer, a trustee company known as SG Casa, to Saverin, a Singapore citizen since 2012.

The seller is a privately held investment vehicle under Wing Tai chairman Cheng Wai Keung and his wife Helen. The couple, who had owned the property since the 1980s, cut the deal in May and finalised it in July, documents with the Singapore Land Authority revealed.

More: Guess who just snapped up the world’s largest super penthouse

The 84,839-square-foot (7,900 square metres) property, sited along Nassim Road, had gone on the market for SGD250 million in 2013. Sales representative JLL Singapore marketed the area’s low density, a rarity in Singapore, even likening it to Kensington Palace Gardens in London.

The property comes with a pool and tennis court, plus 100-metre road frontage. The bungalow itself is a two-storey structure with white stucco exteriors, a red tile roof, and various balconies.

The site can yield up to five bungalows.

The transaction comes just less than a month after reports broke the SGD73.8 million sale of a super-penthouse in Wallich Residence to British technocrat James Dyson.