A good class bungalow (GCB) at Chancery Lane is up for sale by tender with an indicative price tag of S$39 million. Built in the 1980s, the freehold property is located within the Bukit Tunggal GCB enclave.
With a land area of 23,932 sq ft, the property could fetch a psf price of S$1,630. The tender was launched today by marketing agent DTZ and is scheduled to close on 9 September.
Following the sale, the new owners are expected to redevelop the site. The bungalow’s location makes it accessible to amenities such as the Novena and Newton MRT stations; as well as schools like Anglo-Chinese Primary School, St Joseph’s Institution and Singapore Chinese Girls’ School.
Image source: DTZ
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