Secretlab gaming chair CEO acquires two properties for $51mil in a week

In a full week, gaming chair company Secretlab’s Chief Exec Officer Ian Ang bought two high-class homes for a complete figure of $Fifty One mil, announced Straits Times.

Particularly, the Twenty Eight year old co-founder of the ergonomic chair merchant secured a good class bungalow within Caldecott Hill together with a penthouse close to the Botanic Gdns.

Records seen by Straits Times showed that Ian was offered an Option to Purchase the good class bungalow in Olive Road for $36 mil by Danny Yong on 14Jun.

Danny is the Chief Exec Officer as well as Founding Associate of SGP financial investment mgr Dymon Asia Capital.

Ian, who is the youth champion of the EY Business Owner of the Year designation, applied the option on 24June.

The $36 million deal works out to $1,537 per square ft depended on the location’s 23.424K sq foot area– going beyond the most recent transacted amount of $744 per sq ft for a bungalow in Andrew Rd November 2020.

“This is a maximum per sq ft cost for the Caldecott Hill good class bungalow zone,” said Lighthouse Prop Consultants MD Samuel Eyo.

“Using this sale, it will certainly boost the per sq foot amount for good class bungalows across this vicinity by a minimum of 10%,” he beefed up as quoted by ST.

He revealed that the bungalow rises on high ground, extending unblocked scenery of the greenery among the Mt Pleasant spot and also the SPC.

The Straits Times recorded that the caution for the 2nd free rental apartment– in which was a 5 bedroom triplex loft house at Leedon Residence– was lodged for $15 million on 28June.

For both purchases, Ian was worked with by CBRE VP of Non Commercial Stephen Ho, that explained the procurements were put together heeding a 2 years browse and even “diligent factor to consider”.

Hyll on Holland condo

“The major entice of the good class bungalow is the ground overall size including the unobstructed landscape of the greenery and skyline, as well as the peacefulness and secrecy the place gives,” he informed Straits Times.

Ho spoke Ian reserves to live at the 7,007 square ft Leedon Residence walk up, while the bungalow will be renovated.

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