TikTok CEO Shou Zi Chew is eyeing a US$64 million Singapore mansion, set to be the most expensive sale ever in Queen Astrid Park –take a look at the area and its lavish bungalows
- A Harvard graduate, Chew was CFO at ByteDance before replacing Kevin Mayer as TikTok’s CEO amid rumours that Donald Trump would ban the app in the US
- If the sale of the ‘good class bungalow’ – the most coveted type of property in Singapore – goes through, it would be the most expensive in Queen Astrid Park
TikTok’s new CEO, Shou Zi Chew, is said to be “in the early stage” of buying a bungalow in Singapore for US$63.5 million (S$86 million), The Business Times reported.
The property is in the Queen Astrid Park area of Singapore’s affluent 10th district, known for its upscale residential estates and top-tier schools. The lot spans 31,800 sq ft and is currently occupied by an older, run-down bungalow. According to the Times, Chew is expected to redevelop the existing house. Chew did not immediately respond to request for comment, and a TikTok spokesperson declined to comment on the CEO’s reported purchase.
If it goes through, the sale would be the most expensive ever in Queen Astrid Park, according to Bruce Lye, the co-founder and managing partner at Singapore Realtors Inc.
“It sets a new benchmark for the area,” Lye said, adding that buyers are drawn to Queen Astrid Park for its exclusivity. “You just don’t see many transactions happening in that area because it’s very rare for people to sell.”
In addition to the location, the selling points of Chew’s reported new property are its size and the fact that it’s relatively level, which will make it easier for the CEO to build a new bungalow on the land, Lye said.
Chew, 38, is not the only millionaire tech entrepreneur to snap up a good class bungalow in Singapore this summer.