The property, still under construction, will have six bedrooms, along with a swimming pool and a car port that can fit more than 12 cars.
SINGAPORE: A Good Class Bungalow in the Tanglin Hill area is about to be sold for $6,197 psf for a land area of 15,150 sq ft, which would mean a total sale of almost S$93.9 million.noted this earlier this week as a new record land rate in the GCB market, with the transaction reportedly entered into last March. It is now said to be at the option-grant stage.
A GCB is widely regarded to be the most prestigious type of property that a person can own in space-challenged Singapore. To date, there are only about 2,700 of them in the Little Red Dot. Two factors mark GCBs, which are size and location. GCBs are said to have a land size of more than 1,400 sqm, and can only be found in the 39 designated enclaves in prime residential areas near Singapore’s city centre.
There were nine Good Class Bungalow transactions in the first half of 2024, for a total of S$202 million. While there had been the same number of transactions in the second half of 2023, H1 2024’s total was up by eight per cent.as saying that the actual volume of GCB units sold in the first half of the year may be “a tad higher” because a number of deals may not have been caveated.A GCB on Gallop Road, which went for S$42.
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