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Singapore Ferrari, Maserati & Hyundai Komoco Holdings Chairman Teo Hock Seng & Wife Chua Hwee Meng Sold Singapore Good Class Bungalow (GCB) at Old Holland Road in Private Deal after Auction Withdrawn for Failing to Meet Auction Reserve Price of $27.4 Million (S$36 Million), Auction Bids Range from S$33 Million to S$35 Million, Bought Bungalow for S$11.58 Million in 2007 (18 Years Ago), Komoco (Korea Monopoly Corporation) Founded in 1986 after Appointed 1985 by South Korea Motor Group Hyundai as Singapore Distributor
25th April 2025 | Hong Kong
Singapore Ferrari, Maserati & Hyundai Komoco Holdings Chairman Teo Hock Seng & his wife Chua Hwee Meng have sold a Singapore Good Class Bungalow (GCB) at Old Holland Road in a private deal after auction was withdrawn for failing to meet auction reserve price of $27.4 million (S$36 million). The auction bids had ranged from S$33 million to S$35 million. Teo Hock Seng & his wife Chua Hwee Meng had bought the Singapore bungalow for S$11.58 million in 2007 (18 years ago). Komoco (Korea Monopoly Corporation) was founded in 1986 after being appointed 1985 by South Korea motor group Hyundai as Singapore distributor. Komoco Holdings Pte Ltd is a multi-franchise group of companies that prides itself for being a wholly-owned leading private local automotive company. Established as Komoco Auto in 1986, Komoco Holdings Pte Ltd is a group establishment dedicated to invigorating the four major fields of the motor industry in Singapore — Hyundai vehicles for the populace, Jeep for the adventurous, Alfa Romeo for the driving connoisseurs and Ferrari supercars for the aficionados.
“ Singapore Ferrari, Maserati & Hyundai Komoco Holdings Chairman Teo Hock Seng & Wife Chua Hwee Meng Sold Singapore Good Class Bungalow (GCB) at Old Holland Road in Private Deal after Auction Withdrawn for Failing to Meet Auction Reserve Price of $27.4 Million (S$36 Million), Auction Bids Range from S$33 Million to S$35 Million, Bought Bungalow for S$11.58 Million in 2007 (18 Years Ago), Komoco (Korea Monopoly Corporation) Founded in 1986 after Appointed 1985 by South Korea Motor Group Hyundai as Singapore Distributor “
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Singapore Ferrari, Maserati & Hyundai Komoco Holdings Chairman Teo Hock Seng & Wife Chua Hwee Meng Sold Singapore Good Class Bungalow (GCB) at Old Holland Road in Private Deal after Auction Withdrawn for Failing to Meet Auction Reserve Price of $27.4 Million (S$36 Million), Auction Bids Range from S$33 Million to S$35 Million, Bought Bungalow for S$11.58 Million in 2007 (18 Years Ago), Komoco (Korea Monopoly Corporation) Founded in 1986 after Appointed 1985 by South Korea Motor Group Hyundai as Singapore Distributor
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