SINGAPORE - A scion of the Wee family, Singapore’s richest banking dynasty, is buying a $39.5 million mansion, taking advantage of a lull in the high-end real estate market.
The house is co-owned by Mr Choo Chiau Beng, whose former roles include Keppel CEO and Singapore’s non-resident ambassador in Brazil. He acquired the more than 19,500 sq ft house in 2007, the records show. Still, the class of property, which number to about 2,800, are highly coveted by the ultra-rich. The March transaction price is more than double that of a slightly larger mansion in the area, which was sold in 2019 for $17 million.
Ms Wee, a former consultant at Boston Consulting Group, now runs a wellness club in Singapore, and like Mr Wee Ee Cheong’s two other sons, is not actively involved in UOB’s banking business. She did not respond to an e-mailed request for comment.
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