Three mansions along Singapore s most expensive and prestigious street, Nassim Road, are on sale for a record asking price, totaling about S$239 milli.
You've probably heard of the five Cs that are said to define success in Singapore: cash, car, credit card, condominium and country club membership. But when it comes to living in luxury, there's no comparison to a Good Class Bungalow (GCB). Not every bungalow is a GCB, though. The property has to have a land area of at least 1,400.
Singapore
THE Good Class Bungalow (GCB) market is on a roll.
List Sotheby s International Realty s analysis of URA Realis caveats data shows that year to date (with the latest transaction dated June 18), there have been 50 deals in GCB Areas totalling nearly S$1.4 billion. This is higher than the total for the whole of last year - 46 deals amounting to S$1.1 billion.
The action is expected to continue, with attractive new offerings on the market.
Among them is a bungalow in Cluny Hill with a freehold land area of 18,010 sq ft. Word in the market is that the pricing expectation is about S$3,200-3,400 per square foot (psf) on land area, which would translate to around S$57.6 million to S$61.2 million.
Good Class Bungalow prices keep rising srx.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from srx.com.sg Daily Mail and Mail on Sunday newspapers.