Warburg Pincus Executive Buys $18 Million Singapore Mansion

A Singapore-based managing director of private equity giant Warburg Pincus LLC is buying a S$23.9 million ($18 million) mansion, adding to a wave of high-end property deals that are bolstering the country’s luxury housing market.

Saurabh Agarwal, who’s also the head of Southeast Asia private equity at the firm, is buying the house which sits on about 835 square meters (8,989 square feet) of land in Jalan Pelangi, according to details of a September deal seen by Bloomberg News. The property being sold is co-owned by Loi Pok Yen, a former chief executive officer of logistics services firm ...