**16 Peirce Hill (Singapore 248569)** is a private **Freehold Good Class Bungalow (GCB)** within the prestigious **Peirce Villas / Ridout Park GCB enclave** (District 10).
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### 1. Legal Feasibility: 100% Legally Eligible for Sale
* **Private Freehold Title:** Unlike colonial Black-and-White properties in the neighbouring Ridout/Peirce belt that are state land managed by the Singapore Land Authority (SLA), **16 Peirce Hill is privately titled freehold property** (developed by City Developments Ltd in the late 1990s as part of Peirce Villas).
* Because it is privately owned, there are **no statutory prohibitions** preventing the owner from placing it on the market.
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### 2. Market Availability: Low Likelihood of an Open Portal Listing
While legally saleable, the possibility of seeing it listed on open consumer portals is relatively low for three structural reasons:
* **Tightly Held Legacy Asset:** There are only 30 bespoke GCBs in the entire Peirce Villas cluster. Owners in this enclave are ultra-high-net-worth (UHNW) families who view these properties as multi-generational wealth preservation assets rather than liquid trading stock.
* **Off-Market / Pocket Listings:** When GCBs in Peirce Hill change hands, transactions are almost exclusively managed via private mandates ("pocket listings"). Owners avoid public portal listings to protect family privacy and security.
* **Prevailing Market Valuation:** Land plots in this cluster span ~15,000 to 16,000+ sq ft. Current GCB benchmark transactions in District 10 (Tanglin / Peirce / Ridout) command **S$2,200 to S$2,600+ psf on land**, placing indicative market valuations in the **S$35M to S$45M+** range.
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### 3. Buyer Restriction Notice
Under the Residential Property Act (RPA), Good Class Bungalows are restricted properties:
* **Singapore Citizens only:** Foreigners and Singapore PRs cannot acquire GCBs unless exceptional approval is granted by the Singapore Land Authority (Land Dealings Approval Unit).
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Gan Eng Joo Onassis 颜荣裕, REALTOR®
MSc BIT (Middlesex, England, United Kingdom); BBA (South Australia)
CEA Reg No: R021244C | Singapore Line:
(+65) 88899918
Email: onassis@sgagent.com
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