Landed Property

How cluster homes are the most appealing option for families

Cluster homes, as the name suggests, refer to a gated community. Homes are grouped together closely, and the residents have access to the shared facilities. When looking for our dream house, we often have a checklist that might include the modern architecture design, backyard cladding, availability of latest facilities or nice neighbourhood. Cluster homes check all the essentials of the list that a family...

Mediacorp places site of Caldecott Broadcast Centre for sale

The site that formerly housed the Caldecott Broadcast Centre at Andrew Road has been offered for sale by vendor Mediacorp, Singapore’s national media network. The hilltop site spans 752,015 sq ft and served as the hub for broadcast for more than six decades until 2015 when Mediacorp moved to its current location in Mediapolis. Real estate consultants – CBRE and Showsuite Consultancy – have been...

Singapore commercial property investment sales pick up in Q3; demand for GCBs resilient

The buzz may be returning to Singapore's real estate investment sales market, with interest and activity recovering in the commercial sector in particular during the July-September quarter, compared with preceding quarters. That being said, overall, investment sales - defined as transactions totalling S$10 million and more - in the city-state was still down 55.1 per cent year on year to about S$4.4...

Caldecott Hill freehold bungalow for sale with S$27m indicative price

A Good Class Bungalow (GCB) within the Caldecott Hill Estate has been put on the market via an expression of interest (EOI) exercise. Exclusive marketing agent SRI told The Business Times (BT) that the indicative price stands at S$27 million. This is a trustee sale - a tender on behalf of the trustees of the estate. Located at 204 Lornie Road in District 11, the freehold property sits on a land area...

Hakka association selling 13 semi-detached houses in Bukit Timah at S$38m guide price

Fong Yun Thai Association has put up its portfolio of 13 strata-titled semi-detached houses at Eleven @ Holland for sale via an expression of interest with a S$38 million guide price, marketing agent WTG Property announced on Wednesday. Said Chai Chin Yun, marketing director of WTG Property: "At the guide price, it works out to be approximately S$2.93 million for each house. A semi-detached house in...

High-profile deals mask slower year for GCBs

The year has seen some high-profile transactions in the Good Class Bungalow (GCB) market but the total volume and value of deals done seem to be lagging the exceptionally high base last year. Property agents attribute this to the uncertain business climate. An analysis of URA Realis data by List Sotheby's International Realty (List SIR) shows that so far this year, 34 deals totalling S$645.7 million...

Nassim Road GCB once occupied by Saudi Arabia embassy on sale for some S$175m

A two-storey conservation good class bungalow (GCB) located at 40 Nassim Road is up for sale via public tender with an indicative price in the region of S$175 million. The property, once occupied by the Royal Embassy of Saudi Arabia, has a total land area of around 58,784 square feet (sq ft). The buyer can redevelop the land to accommodate three GCBs, given that the site has a wide frontage of around...

Yarwood Ave GCB up for sale again at same S$23m guide price

A good class bungalow (GCB) in Kilburn Estate in District 21 will be put on the market again at an unchanged guide price of S$23 million, marketing agent Knight Frank Singapore said on Tuesday. The guide price works out to about S$1,216 per square foot, based on a land area of 18,911 sq ft. It is an owner’s sale. A public auction for the bungalow will be held on Oct 16 at 2.30pm at Amara Hotel, Level...

Belmont Rd GCB in 3rd stab at mortgagee sale with price shaved again to S$39m

A good class bungalow (GCB) at 80 Belmont Road, owned by The Stratech Group's Chew family, will be relaunched for auction next week with a lower guide price of S$39 million, marketing agent Knight Frank Singapore said on Thursday. The auction will be held on Sept 18 at 2.30pm at Amara Hotel, Level 3. The new guide price works out to S$1,444 per square foot (psf) based on 27,000 square feet (sq ft) in...

GCB on Belmont Rd for auction in mortgagee sale, with S$20m guide price

A good class bungalow (GCB) at 5 Belmont Road will be auctioned in a mortgagee sale with a guide price of S$20 million, marketing agent ERA Realty said on Wednesday. This works out to a price tag of around S$1,225 per square foot (psf), based on the guide price and 16,327 square feet (sq ft) in land area. The freehold, two-storey property has a pool, a large basement entertainment area, as well as...

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