Good Class Bungalows (GCB) have long been seen as a status symbol in Singapore and there are many near-mythical qualities associated with them. People whisper about how their values never fall, how every single one is like a gold mine, and how the government will never demolish them. Really? This begs the question: Do we put too much stock in.
Just like that, all 48 semi-detached houses at Eleven@Holland were sold in three days. Even with an average price tag of $3.7 million each, one buyer snapped up 10 units at once after viewings for the properties opened on June 1, Shin Min Daily News reported. Located in District 10, Eleven@Holland is a 82-unit project. 48 units were put up.
In a land-scarce country like Singapore, Good Class Bungalows (GCB) are highly respected as a legendary symbol of wealth and power – and with good reason. First introduced into Singapore and Malaya in the 1830s by the British, these majestic houses are commonly nestled in a vast swathe of land and surrounded by lush expanses of greenery. They’re seemingly large.