SINGAPORE, March 25 — A luxury mansion in Singapore has been purchased at a record price per square foot by a scion of Malaysia’s Public Bank founding family.

According to Bloomberg, Diona Teh Li Shian, daughter of the late Tan Sri Teh Hong Piow, paid S$93.9 million (RM311 million) for the Good Class Bungalow (GCB) in Tanglin Hill.

Property records show the transaction was completed last month at a record rate of S$6,197 per square foot.

Good Class Bungalows are highly sought after, with ownership mainly restricted to Singapore citizens and only about 2,800 available.

The property, near Orchard Road and embassies, sits on a 1,408-square-meter plot.

The mansion, being built by developer Meir Homes, will span 2,756 square meters across two stories with a basement.

It will feature Japanese oak interiors, European-imported materials, and stone cladding on the façade.

The home will also include a 25-meter pool, a tanning deck, a walk-in wine chiller, and an 18-seater theatre.

Public Bank declined to comment on the purchase, while Teh has not responded to media inquiries.

Teh, a Singapore citizen, is one of four children of the Public Bank founder who passed away in 2022.

The Teh family retains a significant stake in Public Bank, Malaysia’s second-largest lender by market value.

https://www.msn.com/en-my/news/other/public...a319fe053&ei=12

Old money leaking out of the country liao.

Are we planning enough for our future ?

apa masalah....

Good CB. Yea, she has it now.

Untung agent.

Limbeh got money ah. You blow ah?

They say money won't go pass 3 generations

They don't dare to splurge like this when the father is still alive

And yet the children don't run Public Bank.

gen 1 - strong man create good times -> gen 2 - good times create weak generation -> gen 3 - weak generation spends it all and phak it all up

that's why the number is so specific to 3 gen

at least not spending 1 billion to buy a yacht

https://maps.app.goo.gl/W4Arz2n1kJYtMx2B9

All of her neighbours should be OLD Money family....

She is already a Singapore Citizen.

Maybe she is not the only one who converted her citizenship?

She has three siblings, making a total of four children of Tan Sri Teh Hong Piow , including herself.

This post has been edited by plouffle0789: Mar 25 2025, 05:06 PM

My gosh...the moment founding father died, kids start to spend their money

I reckon that will happen with Kuok families too?

everytime the house is being sold...it will ALWAYS be record breaking price

the price is only going up

Teh Hong Piow is Singaporean iirc

Sg citizen

Meanwhile u still suppork this benk

He was born in Singapore.

However, as you know, at that time, people could choose to become either Singaporean or Malaysian citizens (as Singapore gained independence in 1965).

There are many stories about this—you can look them up on Google.

Teh began his banking career in 1950 as a bank clerk at Overseas-Chinese Banking Corporation Ltd and was promoted to officer within five years.


In 1960, he joined Malayan Banking Berhad as a manager. Later, in 1964, at the young age of 34, he was promoted to General Manager. In 1965, he founded Public Bank Berhad, which commenced business operations in 1966.



Since then, he has overseen its growth into a modern and integrated financial institution with a wide network of 259 domestic branches and two overseas branches.


Maybank was also founded in Kuala Lumpur, not in Singapore.
Tan Sri Teh worked at Maybank before, so there is a high chance he worked in Kuala Lumpur.

I am sure that Public Bank Berhad was founded in Kuala Lumpur, not in Singapore.


Bank Negara Malaysia should not have allowed foreigners to apply for a banking license at that time.

This post has been edited by plouffle0789: Mar 25 2025, 05:16 PM

Banking in Malaysia is the easiest business ever thanks to Mahathir.

I think this is just a very small percentage of the money she inherited from her father.

This post has been edited by plouffle0789: Mar 25 2025, 05:17 PM

Public bank berhad was founded in 1965.



Tunku Abdul Rahman Putra Al-Haj ibni Almarhum Sultan Abdul Hamid Halim Shah (Jawi: 8 Februari 1903 – 6 Disember 1990) merupakan Ketua Menteri Persekutuan Tanah Melayu dari 1955, dan Perdana Menteri pertama sejak kemerdekaan pada tahun 1957 sehingga 1970.

move out the money from my

father die alreeady, money sudah masuk account. Apalagi boleh buat?

any pic..?

sap sap sui to their family
money earned is meant for spent

u keep how long eventually also ur children gonna spend it

so why not spend it urself while u still can

Daddy Kasi ?

It's not the amount of money...it's about the values instilled by their billionaires parent

If you read their biography they taught great humility to their family and friends - stay low profile, don't need big mansion, designer bags, sports cars to flaunt their wealth

The moment the old man pass away...all these wealth status come out...

Its not splurging. Its an investment. In Singapore, there are only 2800 GCBs and majority of them are owned by Billionaires. So price could only go up.

This post has been edited by TOMEI-R: Mar 25 2025, 05:30 PM

https://forum.lowyat.net/topic/4016340/all











WWW 3








This post has been edited by plouffle0789: Mar 25 2025, 05:47 PM

Aiyo, you all think she still young kah?

Sure spend the monies la.

spend on house ok lah, one year PBBank dividend his family can easily pocket about RM1bil in dividend, this $100mil mansion is just less than one year income.

The house can pass to next heir if she want, the value will still goes up.

I want a rich daddy

Quickly go jump 14 floor and reincarnate as Elon musk son

Dunno who is she, but ayam only lespek yini olang.

I wonder how much maintenance cost

this one?

https://meirhomes.com/portfolio/1c-tanglin-...ngapore-248021/

later sinki really sink due to climate change, how?

Crazy Rich Asian

The house looks very small though

https://www.google.com/maps/@1.301692,103.8...SoASAFQAw%3D%3D

Every old money are leaking out even for those old money bangsa protector. This is the game being played in this country, you no move you bodo.

She single?

wtf its 300+mil le.. not 30mil

They are not in the news or social media don't mean they don't spend on home, bags, super cars, yacht , private jets, jewellery, fine dining, etc.

This post has been edited by icemanfx: Mar 26 2025, 09:24 AM

Banking still easiest business here since the consolidation. *cough Monopoly. Every year record profit, even Covid is small problem.