A home in the end of a cul-de-sac on a quiet road on Astrid Hill is available with a cost of $52 million, with various brokers specialising in landed property advertising it. The asking price consequently translates into $1,927 psf.
The owner of the home is currently Shi Ka Yee, who’s in her 70s and was dubbed the”Ferrari woman” from the media for her misdemeanours while forcing her red Ferrari throughout city. She’s thought to have caused a traffic jam in the center of Orchard Road when she ceased her Ferrari facing a tour bus 2016, blocking off three from their five lanes. In February 2014, she allegedly struck another driver after getting in a debate with him along Telok Ayer Street from the CBD.
Standing at the corner of her house on Astrid Hill is a royal rain tree which towers over the roof of her property. It’s reported to be at least 80 years old and continues to be well before Shi transferred to the home in 1979.
Read about the developers of Sengkang Grand Residences by Capitaland and CDL.
The tree overhanging branches, nevertheless, became the origin of a dispute between her and her neighbor, Nasrat Muzayyin along with his wife Priscilla Goh, four decades back.
It occurred in February 2015 when Muzayyin participated an arborist to trim the overhanging branches in the rain tree, as reported by a court ruling. Shi then drove into the Muzayyins’ home and berated the household. She abandoned when Muzayyin advised her to depart. But she returned soon and removed the key in the”cherry picker”, a lorry using a tall crane utilized from the arborist’s employee to prune the branches.
When Muzayyin stood facing her Porsche to prevent her from leaving with the secret, Shi revved the motor and cut her automobile towards Muzayyin before pushing off.
The Muzayyins sued Shi to get”the aggravation of her ever-growing rain tree” and also for Shi’s trespass on their territory. Muzayyin also sued her assault and placing him in fear of harm. In addition, he purchased $1,500 for her attack on Muzayyin.
Shi is thought to have moved from this GCB on Astrid Hill several years back. She has opted to place it to the marketplace after refurbishing it lately. Based on William Wong, managing director of RealStar Premier Group, there’s some interest from the property, especially from ultra-high-net-worth people who have lately been Singapore taxpayers, and trust funds.
Interest in GCBs has picked up this season. Deals supplied by RealStar Premier comprise: the GCB in Jervois Hill which has been marketed for about $30.88 million ($2,032 psf) at January; the GCB in Yarwood Avenue sitting on a 19,041 sq feet, 999-year leasehold website that has been sold in February for $22.15 million ($1,164 psf); along with the GCB on Korean Club Road, that occupies a 15,263 sq feet, freehold website and changed hands for about $18.8 million ($1,232 psf) in March.