According to Savills Singapore, the official marketing agent for the historical home, the House of Tan Yeok Nee, it will be put up for sale once more for $92 million.
The 'Four Mansions' built by Teochew tycoons in the late 19th century still stand today, however only one of them, the House of Tan Yeok Nee, was built in 1882. It is one of just 73 structures in Singapore that have been designated as national monuments, one of just nine "Commercial"-zoned structures, and one of just five privately-owned structures.
The House of Tan Yeok Nee has a stratum floor area of roughly 58,480 square feet and is situated on a freehold plot of land that is roughly 26,321 square feet. It commands the highest vantage point in the vicinity and looks out over the Istana. It is currently leased to an international educational organisation as a part of the Visioncrest mixed-use development, which offers an instant consistent revenue yield.
The House of Tan Yeok Nee is ideally situated at the intersection of Clemanceau Avenue and Penang Road. It has a prominent frontage of around 50 metres and is close to Istana Park, Fort Canning Park, and Plaza Singapura. It is also close to Somerset and the Dhoby Ghaut Mass Rapid Transit ("MRT") interchange station, which services the Circle Line, North-East Line, and North-South Line.
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