That price translated to S$3,169 per square foot (US$ 26,706 per square meter) based on the property’s 23,979 square feet (2,227.7 square meters) of freehold land area, as reported by The Business Times.
It was also nearly double the S$38.8 million that Luo paid for the property in 2011. The transaction was contracted last December and completed in February.
The property, located on Tanglin Hill in the Ridley Park Good Class Bungalow Area, features a two-story house and a swimming pool.
Luo and her husband are the co-founders of Shanda Group, which started out in 1999 as online gaming company Shanda Interactive Entertainment.
The firm grew into one of China’s largest internet companies and went public in the early 2000s, propelling Chen into the ranks of China’s richest.
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