9 good class bungalows sold for $211m in H1

Victor Kang10 Sep 2019

GCB property resize

16 Jervois Hill at Chatsworth Park emerged as the priciest GCB at $30.9 million, or at 2,032 per sq ft (psf). 

Nine good class bungalows (GCB) exchanged hands during the first half of 2019 for a total price of $211 million, reported Singapore Business Review citing a Knight Frank report.

16 Jervois Hill at Chatsworth Park emerged as the priciest GCB at $30.9 million or $2,032 per sq ft (psf), up 74.4 percent than the median psf price of $1,166. The property was built nine years ago, featuring a built-up area of 10,000 sq ft.

For transactions of landed houses within GCB areas with an area of less than 1,400 sq m (15,069 sq ft), the most expensive transaction went to 63 Belmont Park, which was sold for $39.8 million.

The sale represented the overall highest price in terms of quantum and psf price ($2,653) for H1 2019.

“63 Belmont Park is a newly completed freehold bungalow off Holland Road, indicating how GCBs buyers are still willing to fork out a premium for their ideal property, especially for newer properties,” the report said.

The other GCB transactions covered in the report include the sale in Ewart Park ($30 million), Ridout Park ($25.7 million), Maryland Estate ($25 million), Queen Astrid Park ($23.6 million), Kilburn Estate ($22.2 million), Swiss Club Road ($18.8 million), First/Third Avenue ($18.8 million) and 41 Ford Avenue ($17 million).

Check out PropertyGuru’s properties for rent! Alternately, refer to our other handy rental guidesor read more about the hottest areas to live in with PropertyGuru’s AreaInsider


Victor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email victorkang@propertyguru.com.sg


You may also like these articles

Leedon Park GCB could fetch over $70 million

The 46,879 sq ft plot located on high ground can be subdivided into 3 GCBs. (Photo: JLL) A sprawling good class bungalow (GCB) located on one of the highest points of the Leedon Park GCB area has b

Continue Reading13 Sep 2016

Strong pick-up in sales of GCBs and Sentosa Cove homes

View of waterfront bungalows in Sentosa Cove.Sales of good class bungalows (GCBs) and Sentosa Cove homes picked up in the first half of 2017 from a year ago, according to a report by List Sotheby's In

Continue Reading20 Jul 2017

Two GCBs off Holland Road could fetch $65m

View of the two bungalows at Peirce Road. (Photo: Cushman & Wakefield)Two hilltop good class bungalow (GCB) plots at 26A and 26B Peirce Road off Holland Road have been put up for sale by expressio

Continue Reading31 Aug 2017