Yio Chu Kang bungalow belonging to woman cheated by Chinese ex-tour guide sold for S$22 million, S$13 million less than asking price

The Yio Chu Kang bungalow, which previously belonged to Chung Khin Chun, a widower who was cheated of S$1.1 million in assets by her former tour guide, has been sold.

According to 8world, the site is reportedly set to be redeveloped into six semi-detached houses and three terrace homes, each with its own land title.

What happened

Chung, who passed away at the age of 98 on Oct. 25, first met the tour guide, Yang Yin, during a trip to China in 2008.

A year later, Yang had moved into her Yio Chu Kang bungalow and brought his wife and two children to live there as well.

Chung subsequently named him the sole beneficiary of all her assets, estimated at around S$40 million, and granted him lasting power of attorney.

However, Yang was later convicted of misappropriating S$1.1 million of her assets.

Bungalow was sold for S$22 million

Chung's Yio Chu Kang bungalow was sold for S$22 million in June 2025, 8world reported.

The house, located along Gerald Crescent, is a 999-year leasehold property spanning 31,882 square feet. The site includes a large garden and swimming pool.

However, the final sale price came in well below the family’s earlier expectations.

The property was initially listed for S$35 million in 2018, before being lowered to S$25 million in 2021 amid a lack of interest.

According to Shin Min Daily News, the buyer is a local construction and development company, Teambuild Properties.

Reasons for the lower selling price

In an interview, Nicholas Mak, chief research officer at MOGUL.sg, told 8world that the bungalow drew much attention back then due to its association with the case, but several factors weighed on its eventual sale price.

Such factors included years of unsuccessful attempts at selling the house, the substantial land size, limited appeal to high-net-worth buyers, the irregular shape of the plot and the complexity of redevelopment.

At S$22 million, the deal translates to roughly S$690 per square foot, which is significantly lower than the S$1,560 to S$2,360 per square foot achieved by other landed homes in the same area this year.

Mak noted that properties above S$20 million typically attract buyers looking in the Core Central Region, narrowing the pool of interested parties.

According to 8world, the new owner will reportedly be redeveloping the site into six semi-detached houses and three terrace homes, each with its own individual land title.

Construction is slated to begin in the first or second quarter of next year, with the land suitable for two-and-a-half storey homes.

Top photos via Shin Min Daily News