Two good-class bungalows (GCBs), one in Tanglin Hill and the other in Victoria Park Road, have been sold for a total of S$105 million.
According to The Strait Times, both properties were acquired by Singaporeans. The two-storey Tanglin Hill bungalow was sold for S$57 million (approximately S$1,648 psf). It was completed in 1990 and is located on a 34,579 sq ft site with a built-up area of 8,000 sq ft.
Meanwhile, the bungalow at Victoria Park Road was sold for S$48 million (around S$1,496 psf).
The report said the high prices fetched for the two properties were surprising, as many had expected the property market to cool before the end of the year.
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