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Subscribe to this list via RSS Blog posts tagged in Good Class Bungalow

Posted by on in Residential

The second quarter of this year saw a surge in the number and value of transactions in Good Class Bungalow Areas - to at least 11 deals totalling S$282.3 million, up from just four deals adding up to S$95.3 million in Q1.

The latest Q2 performance - which is also a marked improvement from the five deals worth S$81.8 million in the same period last year - was buoyed by the sale of 35 Ridout Road in May at S$91.7 million, the biggest sale ever, on absolute quantum price basis, in a GCB Area.

The same month also saw a record per square foot of land price of S$2,190 psf in a GCB Area being achieved for a luxuriously built and furnished bungalow in Bishopsgate. The three-year-old bungalow, which has two storeys and a basement, fetched S$33 million.

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A couple of large Good Class Bungalow transactions have been inked recently.

Seasoned property investor Thomas Chan is said to be selling a bungalow at Belmont Road for more than S$44 million. The price translates to S$1,413 per square foot on the land area of about 31,125 square feet.

On the freehold elevated site is a 15-year-old bungalow with about 9,000 sq ft of built-up area. The property is said to have five bedrooms and a pool.

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At least $221 million worth of deals in Good Class Bungalow Areas (GCBAs) could have been transacted in the second quarter.

This would be higher than the $180.5 million of deals done in the first quarter.

One of the latest deals was a freehold property in Holland Park that sold for $28.8 million, which works out to $1,893 per square foot based on land area of 15,210 sq ft. The property comprises a conservation bungalow which has been restored, connected to a newly built house.
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A freehold bungalow site at 16 Tudor Close has been put on the market, and is expected to fetch in excess of $38 million.

Based on its land area of 22,534 square feet (sq ft), it will cost $1,686 per square foot (psf).?
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Posted by on in Uncategorized
There has been no dearth of bungalow transactions recently, despite signs of a slowing economy.

A Good Class Bungalow (GCB) at 27 Olive Road was sold for $26.1 million while another bungalow at 44 Faber Drive was sold for $10.38 million.
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