Results 1 to 14 of 14

Thread: Jet Li buys $20m Binjai Rise bungalow

  1. #1
    mr funny is offline Any complaints please PM me
    Join Date
    May 2006
    Posts
    8,129

    Default Jet Li buys $20m Binjai Rise bungalow

    http://www.businesstimes.com.sg/sub/...37889,00.html?

    Published June 17, 2009

    Jet Li buys $20m Binjai Rise bungalow

    Tommie Goh acquires GCB from neighbour Sam Goi


    (SINGAPORE) Action star Jet Li seems to be sinking deeper roots in Singapore. He and his wife, Nina, bought a good class bungalow (GCB) on Binjai Rise for $19.8 million last month. The price works out to $871 per square foot based on the freehold land area of 22,723 square feet.


    Mr Li: Spurred to set up his charitable foundation after a narrow escape from the 2004 tsunami. He moved his family to Singapore in 2007 for his children's education

    Mr Li is understood to have become a Singapore citizen.

    Last year, he announced plans to set up a base in Singapore for his charity and disaster-relief group One Foundation. The Jet Li One Foundation Singapore was registered in June 2008.

    Mr Li had said at the Forbes Global CEO Conference here in September last year that Singapore offers the right conditions for grooming future NGO leaders.

    He was spurred to set up his charitable foundation after a narrow escape from the 2004 tsunami. According to earlier media reports, Mr Li moved his two daughters and wife to Singapore in 2007 for his children's education.

    The Beijing-born Mr Li led a life of hardship as a child (his father died when he was two) but persevered to emerge as China's overall national wushu champion for five consecutive years in the 1970s. He began his acting career in the early 1980s, starting with Shaolin Temple and today has about 40 movies under his belt.

    Mr Li became a US citizen in the 1980s.

    When contacted, a spokeswoman for Singapore's Immigration and Checkpoints Authority declined to confirm if Mr Li is now a Singapore citizen. 'Due to reasons of confidentiality, the ICA will not discuss individual cases publicly,' she said.

    Mr Li was not the only luminary who picked up a GCB here in May.

    2G Capital co-founder Tommie Goh bought 2A Ridley Park, next to his existing home, for $30 million or slightly over $1,100 psf.

    The seller was 'popiah king' Sam Goi, executive chairman of Tee Yih Jia Food Manufacturing and an established investor in the GCB market.

    Mr Goi is expected to move to a new palatial home that he has built on Nassim Road. BT understands that the two neighbours had been discussing the sale of 2A Ridley Park on and off for the past few years.

    GCBs, with their stringent planning requirements, are the creme de la creme of Singapore's housing market. There are only about 2,400 such bungalows on the island.

  2. #2
    Join Date
    Dec 2008
    Posts
    3,721

    Default

    Quote Originally Posted by mr funny
    When contacted, a spokeswoman for Singapore's Immigration and Checkpoints Authority declined to confirm if Mr Li is now a Singapore citizen. 'Due to reasons of confidentiality, the ICA will not discuss individual cases publicly,' she said.
    lame excuse leh.. either he is or he is not, what is so confidential about that?


    obviously he is, otherwise how can buy?

  3. #3
    mr funny is offline Any complaints please PM me
    Join Date
    May 2006
    Posts
    8,129

    Default

    http://www.straitstimes.com/Breaking...ry_391509.html

    June 17, 2009

    Jet Li buys $20m bungalow


    ACTION star Jet Li and his wife, Nina, have bought a coveted good class bungalow (GCB) on Binjai Rise for $19.8 million last month, The Business Times (BT) reported on Wednesday.

    The bungalow, in the Bukit Timah area, works out to cost $871 per square foot based on the freehold land area of 22,723 square feet, said The BT report.

    GCBs, with their stringent planning requirements, are the creme de la creme of Singapore's housing market. There are only about 2,400 such bungalows in Singapore.

    The move is seen as a sign that Li is sinking deeper roots in Singapore, after he announced plans to set up a base in Singapore for his charity and disaster-relief group One Foundation.

    The Jet Li One Foundation Singapore was registered in June 2008 and the Beijing-born Li is understood to have taken up Singapore citizenship, following in the footsteps of fellow China-born superstar Gong Li, who became a Singapore citizen last November.

    According to BT, Mr Li told a Forbes Global CEO Conference here in September last year that Singapore offers the right conditions for grooming future NGO leaders.

    Earlier media reports also said that Mr Li moved his two daughters and wife to Singapore in 2007 for his children's education.

    Mr Li led a life of hardship as a child (his father died when he was two) but he persevered to emerge as China's overall national wushu champion for five consecutive years in the 1970s. He began his acting career in the early 1980s, starting with Shaolin Temple and today has about 40 movies under his belt.

    He became a US citizen in the 1980s.

    When contacted by BT, a spokeswoman for Singapore's Immigration and Checkpoints Authority declined to confirm if Mr Li is now a Singapore citizen, saying 'due to reasons of confidentiality, the ICA will not discuss individual cases publicly'.

  4. #4
    Join Date
    Mar 2009
    Posts
    705

    Default

    Quote Originally Posted by august
    lame excuse leh.. either he is or he is not, what is so confidential about that?


    obviously he is, otherwise how can buy?
    Hmm .. so he gave up his US citizenship ah?

  5. #5
    Join Date
    Apr 2009
    Posts
    1,069

    Default

    Quote Originally Posted by cheerful
    Hmm .. so he gave up his US citizenship ah?
    How about Jim Rogers? Looks like SG primary education is attractive for people who want their children to be good in both Chinese/English. And recently Gong Li also became citizen .. wow ..

  6. #6
    Join Date
    Apr 2009
    Posts
    5,841

    Default

    primary educatn gd? Only for maths, not for science. Look at the mess they have made with the science syllabus for upper primary, constantly shuffling topics up n down. Heard that sme p4 topics nw taught at p5 n many duplicatn to topics in p4 n p5. Wat r those so calld moe scholars doing?
    Quote Originally Posted by jitkiat
    How about Jim Rogers? Looks like SG primary education is attractive for people who want their children to be good in both Chinese/English. And recently Gong Li also became citizen .. wow ..

  7. #7
    mr funny is offline Any complaints please PM me
    Join Date
    May 2006
    Posts
    8,129

    Default

    http://www.straitstimes.com/Prime%2B...ry_391820.html

    June 18, 2009 Thursday

    Jet Li buys $20m bungalow in Bukit Timah

    Actor's new Binjai Rise home was once owned by FJ Benjamin founder

    By Joyce Teo


    Covering over 20,000 sq ft, the sprawling freehold property bought by Jet Li is a GCB, a class of bungalow found only in prime residential areas, and not easily available for purchase by foreigners. Li is now understood to be a Singapore citizen. -- ST PHOTO: ALBERT SIM

    MARTIAL arts movie star Jet Li and his wife, former actress Nina Li Chi, have bought a sprawling bungalow in Bukit Timah for $19.8 million.

    The freehold property is a 22,723 sq ft good class bungalow (GCB) in Binjai Rise - a house with past links to another global celebrity, football star David Beckham.

    GCBs are a prestigious class of bungalows in limited supply here, found only in gazetted prime residential areas such as Nassim Road and Ridley Park. They have a minimum land area of 15,000 sq ft.

    Li, 46, who is taking a break from acting to focus on charity work, launched the Jet Li One Foundation Project in April last year jointly with the Red Cross Society of China to raise funds for victims of natural disasters worldwide.

    The Beijing-born actor, whose Chinese name is Lianjie, then set up a branch of One Foundation in Singapore last year.

    In 2007, he had moved his wife and two younger daughters to Singapore. He is now understood to be a Singapore citizen, according to the Business Times, which broke news of the sale yesterday.

    The two younger daughters - he has two other teenage daughters from an earlier marriage - attend the Singapore American School.

    Li, who previously lived in Los Angeles, has starred in numerous Hollywood and Chinese movies. Recent releases include The Mummy: Tomb Of The Dragon Emperor (2008) and Fearless (2006).

    His first Hollywood leading role was in the hip hop, gongfu film Romeo Must Die.

    A check yesterday showed that Li's GCB deal was sealed in the middle of last month. The seller had suffered a loss of $1.2 million on the deal.

    The seller, who has a pre-school childcare business, had bought the property in the fast-rising market of early 2007 for $21 million, or $924 per sq ft (psf). The sale price to Li works out to $871 psf.

    Market sources said the previous owner had bought it from the founder of luxury goods retailer FJ Benjamin, Mr Frank Benjamin, who had lived there for many years. He now lives in the high-rise condominium Ardmore Park.

    In 2001, Mr Benjamin hosted a party at this Binjai Rise house, where two models claimed in media reports to have met football star David Beckham and later had separate trysts with him. The football star did not comment on the allegations.

    Market observers said the price that Li paid for the GCB is fair. With prices rising amid improved property market sentiment, the value of the Binjai Rise GCB could even be a bit higher now, said one.

    Li's purchase and the 2007 deal are the only occasions the bungalow has changed hands since 1995 - the period when records are available.

    Foreigners cannot easily buy a GCB or any other landed home here as the Government restricts foreign ownership of residential property.

    Permanent residents are permitted to buy landed property, but only with permission from the Government. Foreigners who take out Singapore citizenship may also buy landed property.

    The exception to the restrictions is the gated residential enclave of Sentosa Cove, where ownership rules were eased to allow foreigners who are not PRs to buy landed homes or land plots, though permission is still needed.

    Other Asian movie stars living in Singapore include Chinese actress Gong Li, who is married to a Singaporean. She became a Singapore citizen late last year.

    Another famous gongfu star, Jackie Chan, also owns properties here, though he is not based here.

    [email protected]

  8. #8
    Join Date
    Mar 2009
    Posts
    705

    Default

    Don't really care about tt Jackie Chan .. but Jet Li looks like a smarter chap ... perhaps he has arranged for his wifey Nina to convert to s'porean liao lor .. no need himself to make appearance

  9. #9
    Join Date
    Jun 2008
    Posts
    1,569

    Default

    So our Estate-Duty Free Policy is really attracting the mega-rich..

  10. #10
    Join Date
    Apr 2009
    Posts
    1,069

    Default

    Quote Originally Posted by cheerful
    Don't really care about tt Jackie Chan .. but Jet Li looks like a smarter chap ... perhaps he has arranged for his wifey Nina to convert to s'porean liao lor .. no need himself to make appearance
    Jet Li is a devoted and wise Buddhist with deep root in Chinese culture. He is a family man and has good control over himself, unlike JC.

  11. #11
    Join Date
    Dec 2008
    Posts
    3,721

    Default

    Quote Originally Posted by jitkiat
    Jet Li is a devoted and wise Buddhist with deep root in Chinese culture. He is a family man and has good control over himself, unlike JC.
    seems like before nina, li has an ex-wife/gf who fathered 2 daughters for him.. where are they now?

    he ain't a saint dats for sure ~

  12. #12
    Join Date
    Mar 2009
    Posts
    705

    Default

    Quote Originally Posted by august
    seems like before nina, li has an ex-wife/gf who fathered 2 daughters for him.. where are they now?

    he ain't a saint dats for sure ~
    Cannot like that say .... everyone got some histories .. cannot say pp got ex then no gd mah ...

    JC is worse, got wifey dun wanna acknowledge, then later whole world knows stilll fool ard .... recently still used XX, YY names to create news before launching his movie

    Mr Jet Li is definitely the wiser ONE ...

  13. #13
    Join Date
    Mar 2009
    Posts
    705

    Default

    Anyway, back to the topic .... it appears that he has certainly gotten a pink IC ... already some pp discussing in another thread ... for certain plot size or bigger, muz definitely be citizen ... smaller plot may be still can waived bah

  14. #14
    Join Date
    Dec 2012
    Posts
    167

    Default

    Quote Originally Posted by mr funny
    http://www.businesstimes.com.sg/sub/...37889,00.html?

    Published June 17, 2009

    Jet Li buys $20m Binjai Rise bungalow

    Tommie Goh acquires GCB from neighbour Sam Goi


    (SINGAPORE) Action star Jet Li seems to be sinking deeper roots in Singapore. He and his wife, Nina, bought a good class bungalow (GCB) on Binjai Rise for $19.8 million last month. The price works out to $871 per square foot based on the freehold land area of 22,723 square feet.



    Mr Li: Spurred to set up his charitable foundation after a narrow escape from the 2004 tsunami. He moved his family to Singapore in 2007 for his children's education

    Mr Li is understood to have become a Singapore citizen.

    Last year, he announced plans to set up a base in Singapore for his charity and disaster-relief group One Foundation. The Jet Li One Foundation Singapore was registered in June 2008.

    Mr Li had said at the Forbes Global CEO Conference here in September last year that Singapore offers the right conditions for grooming future NGO leaders.

    He was spurred to set up his charitable foundation after a narrow escape from the 2004 tsunami. According to earlier media reports, Mr Li moved his two daughters and wife to Singapore in 2007 for his children's education.

    The Beijing-born Mr Li led a life of hardship as a child (his father died when he was two) but persevered to emerge as China's overall national wushu champion for five consecutive years in the 1970s. He began his acting career in the early 1980s, starting with Shaolin Temple and today has about 40 movies under his belt.

    Mr Li became a US citizen in the 1980s.

    When contacted, a spokeswoman for Singapore's Immigration and Checkpoints Authority declined to confirm if Mr Li is now a Singapore citizen. 'Due to reasons of confidentiality, the ICA will not discuss individual cases publicly,' she said.

    Mr Li was not the only luminary who picked up a GCB here in May.

    2G Capital co-founder Tommie Goh bought 2A Ridley Park, next to his existing home, for $30 million or slightly over $1,100 psf.

    The seller was 'popiah king' Sam Goi, executive chairman of Tee Yih Jia Food Manufacturing and an established investor in the GCB market.

    Mr Goi is expected to move to a new palatial home that he has built on Nassim Road. BT understands that the two neighbours had been discussing the sale of 2A Ridley Park on and off for the past few years.

    GCBs, with their stringent planning requirements, are the creme de la creme of Singapore's housing market. There are only about 2,400 such bungalows on the island.

    How much is his house worth now?

Similar Threads

  1. LMG Realty buys Nassim Road bungalow for S$23.7m
    By reporter2 in forum Landed Property
    Replies: 1
    -: 22-12-17, 12:02
  2. HK tycoon buys Cuscaden bungalow for $145m
    By reporter2 in forum Landed Property
    Replies: 0
    -: 25-05-16, 01:03
  3. Binjai Rise mortgagee-sale GCB sold for about S$13m
    By reporter2 in forum Landed Property
    Replies: 0
    -: 28-08-15, 18:22
  4. Binjai Rise GCB site put up for auction by lender
    By reporter2 in forum Landed Property
    Replies: 0
    -: 28-04-15, 19:19
  5. Binjai bungalow on the block
    By Admin in forum Singapore Private Condominium Property Discussion and News
    Replies: 0
    -: 17-08-06, 17:58

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •