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At least four GCB deals sealed since start of the year

Bungalow specialist expects more GCBs to be sold this year than in 2015

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THE PEIRCE ROAD HOUSE: This bungalow recently changed hands for almost S$24 million. The last time it was transacted was 10 years ago, when it cost S$9.5 million. The new owner is said to be Tan See Leng, chief executive of IHH Healthcare Bhd.

Singapore

AT least four properties in Good-Class Bungalow (GCB) areas have been transacted so far this year.

Among the latest is a bungalow along Peirce Road that has changed hands for almost S$24 million. The price works out to S$1,479 per square foot (psf) based on the freehold

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