Landed Property

Transaction volumes of bungalows in Good Class Bungalow (GCB) Areas have held up in the third quarter against the latest property cooling measures which took effect on July 6. Based on an analysis by List Sotheby's International Realty (List SIR) of URA Realis caveats data as of last Friday, there were 11 transactions in GCB Areas, totalling S$220 million in Q3 2018 - up from the eight deals amounting...

A freehold residential landed site in Upper East Coast is launched for sale with an asking price of S$26 million, the sole marketing agent - Edmund Tie & Company said on Monday. The land price works out to S$$914 per square foot (sq ft) for the 28,449 sq ft plot in Jalan Haji Salam, which is zoned for three-storey mixed landed housing. Subject to planning approval, it can be redeveloped as any...

Kuok Hui Kwong, chairman of Shangri-La Asia and daughter of Malaysian tycoon Robert Kuok, is buying a bungalow in Belmont Road for S$43.5 million. This works out to S$1,430 per square foot, based on the freehold land area of 30,420 sq ft in the Belmont Park Good Class Bungalow (GCB) Area. Ms Kuok, who is about 40, is understood to be a Malaysian citizen and Singapore permanent resident (PR). When...

A freehold good class bungalow (GCB) near the Botanic Gardens that was owned by one of Singapore's founding fathers hit the market yesterday with market expectations that it could sell for more than S$100 million. The two-storey bungalow at 81 Dalvey Road, which sits on elevated ground, is owned by the estate of Mr Lim Kim San. He is the first Housing Board chairman and a former executive chairman of...

Private home prices rose 3.4 per cent in the second quarter of this year, according to the latest figures from the Urban Redevelopment Authority (URA) on Friday (Jul 27). This continues a rising trend in the last three consecutive quarters, with prices rising 3.9 per cent in the first quarter of this year, 0.8 per cent in the preceding quarter and 0.7 per cent in the third quarter of last year. For...

Three families who are unrelated have sold adjacent bungalows collectively at a price of S$37.89 million. The bungalows are located in District 15 Lorong H Telok Kurau. The freehold bungalows are single-storey and together have 24,050 sq ft land area. Taking into account the development charges payable the developer would have to bear land rate of S$1,132 psf ppr. If the 10% balcony bonus is taken...

A newly built freehold bungalow in Jervois Hill is being sold for S$41.2 million, which works out to about S$2,729.52 per square foot on land area of 15,094 sq ft. This is a record price in terms of psf on land area for a transaction in a Good Class Bungalow Area – busting the previous high of S$2,350 psf set last year for a bungalow in Cluny Hill near the Botanic Gardens. That deal, which amounted to...

Far East Organization is buying a Good Class Bungalow (GCB) on a freehold site of over 39,000 square feet at 16 King Albert Park. The plan is to amalgamate the site with four adjoining plots the group already owns before redeveloping the enlarged site of over 100,000 sq ft into several bungalows which the group will hold as an investment property for rental income. Far East is paying S$43.8 million...

PROPERTY developer Sustained Land's boss, Douglas Ong, is buying a Good Class Bungalow (GCB) along Garlick Avenue in District 10. The S$23.88 million price translates to S$858 per square foot (psf) based on the freehold land area of 27,829 sq ft. Market watchers consider the psf price to be on the low side, even if the transaction is seen as reflecting purely the land value. The existing two-storey...

In what could be the first transaction in a Good Class Bungalow (GCB) Area this year, a bungalow along Jalan Kampong Chantek off Dunearn Road is changing hands for S$27.59 million. This works out to about S$1,003 per square foot (psf) based on the freehold land area of 27,504 sq ft. Perched on an upward-sloping site is an old vacant house with around 11,000 sq ft built-up area spanning two storeys...