Singapore Law Minister's Home Sale to Mystery Buyer

Tenfold profit raises questions

By: Andy Wong Ming Jun

Singapore’s Law and Home Affairs Minister K. Shanmugam quietly sold off his ultra-exclusive “Good Class Bungalow” at 6 Astrid Hill more than a year ago for a whopping S$88 million (US$67.5 million) to an anonymous buyer under a trust managed by UBS Trustees (Singapore) Ltd for a profit 10 times the original value and ranking as one…