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.
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.
Singapore Land Authority (SLA) and URA announced on Sept 30 that tenancies at Turf City will be extended till Dec 31, 2023. This marks the final lease extension before the land is prepped for future residential developments. While the land has been designated for residential use since 1998, SLA has been leasing out the land for lifestyle and recreational use..