The British government is expected to relaunch two freehold Nassim Road Good Class Bungalow (GCB) plots carved out from part of the garden land at the British High Commissioner's residence, Eden Hall. This comes after bids during the initial tender that closed in January - when sentiment slumped during the stock market rout - did not meet the guide price. BT understands that the guide price has also...
Good Class Bungalows (GCB)
In what is the biggest transaction in a Good Class Bungalow Area in nearly a year, a house along Kingsmead Road where the late Raffles Institution principal Philip Liau used to reside is being sold for S$29 million. The price works out to S$1,065 per square foot based on the freehold land area of 27,228 sq ft. The buyer is understood to be Darwin Indigo, a nephew of Wilmar executive deputy chairman...
THE Good Class Bungalow (GCB) market may be headed for a pick-up in transaction volumes this year, if the results for the first quarter are anything to go by. A mix of lower price expectations by owners and pent-up demand for the limited-supply, prestigious landed housing form has helped to narrow the price gap. The result is that more deals were sealed in Q1 than in the previous quarter and in the...
At least four properties in Good-Class Bungalow (GCB) areas have been transacted so far this year. Among the latest is a bungalow along Peirce Road that has changed hands for almost S$24 million. The price works out to S$1,479 per square foot (psf) based on the freehold land area of 16,224 square feet. Located in the Ridout Park GCB area, the two-storey property is understood to have been bought by...
Part of the garden at Eden Hall, the official residence of the British High Commissioner in Singapore, has been launched for sale by public tender by the British government's Foreign & Commonwealth Office. Details of the tender of land - in two adjoining freehold plots of Good-Class Bungalow (GCB) land on Nassim Road - will be announced soon, said CBRE, the sole marketing agent. Subject to final...
A good class bungalow (GCB) at 8 Chee Hoon Avenue will be auctioned next month and is expected to fetch S$23 million, said marketing agent Savills. With a land area of 15,184 sq ft, the elevated site offers a 37m frontage. It is within close proximity to various amenities like the Botanic Gardens, Cluny Court and Serene Centre, as well as reputable schools. The bungalow will be put under the hammer on 27...
Although the bungalow market opened the year on a quiet note, activity is now starting to look more favourable, according to a report by The Business Times. In the GCBA (Good Class Bungalow Area) segment, a two-storey bungalow located at Bishopsgate was sold for S$27 million, which works out to around S$1,674 psf, based on the 16,124 sq ft freehold land area. The six-bedroom property was acquired four...
Two good-class bungalows (GCBs), one in Tanglin Hill and the other in Victoria Park Road, have been sold for a total of S$105 million. According to The Strait Times, both properties were acquired by Singaporeans. The two-storey Tanglin Hill bungalow was sold for S$57 million (approximately S$1,648 psf). It was completed in 1990 and is located on a 34,579 sq ft site with a built-up area of 8,000 sq...
Good Class Bungalow (GCB) deals have continued to dry up this month following the slowdown seen in the first half of 2011. Just one caveat for a bungalow in a GCB area has been lodged for July so far, for a property at Andrew Road that sold for $8.88 million, or about $780 per square foot on land area. There may be a few more caveats for deals sealed in July to trickle in over the next few weeks, say...
Property agents have been reporting a drop in Good Class Bungalow (GCB) sales, as the gap between asking and offer prices widens. About S$750 million worth of sales have already been closed so far this year, for the residential market’s ultra-elite segment in Singapore. In 2010, a record S$2.3 billion worth of GCB deals were witnessed. Among the latest transactions in Singapore’s GCB areas is the...