Aon Apac exec chairman Sandeep Malik pays $25.25 mil for bungalow at Jalan Bahasa

March 31, 2022



At Jalan Bahasa, a quiet road located just off University Road and Chee Hoon Avenue, a three-storey, six-bedroom bungalow changed hands for $25.25 million, according to a caveat lodged with URA Realis on March 17. The transacted price works out to $2,364 psf, which is the highest psf price achieved to date in the private landed housing enclave that includes Chee Hoon Avenue, Jalan Asuhan and University Road-University Walk. This quiet residential enclave is located just off Dunearn Road-Bukit Timah Road in prime District 11.

According to a property title search, the buyer of the bungalow at Jalan Bahasa is Sandeep Malik, Asia Pacific executive chairman for British-American insurance brokers and risk managers Aon. He previously served as CEO of the firm's Commercial Risk, Health, and Affinity businesses in Asia Pacific from September 2018 to July 2021. He had joined Aon in 2010 as CEO Asia for Aon Risk Solutions. Before joining Aon, Malik was based in Hong Kong, where he was CFO Asia for Prudential Corporation Asia.



Stephen Ho, vice-president of residential services at CBRE Singapore, the exclusive marketing agent for the property, represented the sellers in the deal. He declined to comment on the identity of the buyer.

The bungalow at Jalan Bahasa was placed on the market for sale last November at an asking price of $27 million. The transacted price is therefore just 6.48% below the asking price. “Personally, I think it’s a fair price,” says Ho. “There currently isn’t any property on the market of such a calibre in terms of design, finishing and location.”

Read more at: https://www.edgeprop.sg/property-new...w-jalan-bahasa