106-year-old bungalow up for bidding

A 106-year-old bungalow in Holland Road is being put up for tender after being vacant for more than a decade, with a guide rent of S$50,400 a month.

The two-storey black and white bungalow at Gallop Road used to be the residence of a French Ambassador, but is now a state building managed by the Singapore Land Authority.

The 150,000-square-feet property has four bedrooms, three maid’s rooms and is a 5-minute drive away from Orchard Road.

Property analysts said they do not expect aggressive bids for it.

Mr David Poh, senior director at real estate agency PropNex, said: “It is not launched at a right time. With such a big plot and quite a high rental when the economy is not really performing that well, I don’t foresee a lot of bids.

Source : Channel NewsAsia – 2 July 2013

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