THE daughter of China-born steel-and-nickel magnate Xiang Guangda has become the owner of a large brand-new bungalow in the Bin Tong Park Good Class Bungalow (GCB) Area of Singapore.

She paid S$84 million for the two-storey freehold property, which has enough space to park eight to 10 cars. The price works out to S$2,988 per square foot (psf) on the land area of 28,111 square feet (sq ft).

The bungalow, which has a basement, has a total built-up area of about 18,000 sq ft. It comes with six bedrooms, a 19-metre pool and living, dining and entertainment spaces. Other features include a wine cellar, a theatre and a gym.