The guide price of $40 million works out to a land rate of $1,464 psf. (Photo: CBRE)
A good class bungalow (GCB) at Binjai Park has been put up for sale with a guide price of $40 million, which works out to $1,464 psf on the land area, revealed marketing agent CBRE.
Situated on a 27,320 sq ft corner site, the two-storey property has a total floor area of about 13,986 sq ft and comes with a living hall, seven en-suite bedrooms, a main dining room, an entertainment room, two study rooms, a gym, a maid’s room and a garage that can house around 20 cars.
The freehold property is a short drive to Orchard Road and the Central Business District. Nearby amenities include The Grandstand, Binjai Park, Sime Darby Centre, Bukit Timah Plaza and schools such as Pei Hwa Presbyterian Primary School, Methodist Girls’ School (Primary), Nanyang Girls’ High’ School, Hwa Chong Institution, Ngee Ann Polytechnic and UniSIM.
“Offered for sale on a vacant possession basis, the luxurious property is beautifully designed and available for immediate occupation. The lavish communal spaces and the number of rooms, coupled with the complete privacy it enjoys due to the low-density land use in the area, also make 98 Binjai Park an optimal choice for multi-generation families. Buyers also have the option to explore alteration and addition works to tailor the property to their needs,” said CBRE capital markets director Sammi Lim.
She expects the property to attract keen interest from owner occupiers looking for an ideal home and investors eager to acquire a GCB within a good location.
The tender exercise for 98 Binjai Park closes on 1 March.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email firstname.lastname@example.org