Billionaire Developer's Son Buys $7.2 Million Singapore Apartment From Dad
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Billionaire property developer Kwek Leng Beng’s latest luxury condo in Singapore has seen robust demand since its launch last month. It doesn’t hurt that some of his own relatives have rallied to the cause.
Kwek’s wife and son, Cecilia and Kingston, spent S$9.8 million ($7.2 million) on an apartment in Boulevard 88, according to a City Developments Ltd. exchange filing late Monday. His nephew and City Developments’ group chief strategy officer Kwek Eik Sheng snapped up another unit on one of the upscale project’s lower floors for a more modest S$4.3 million.