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GCB in Lady Hill Road sold at S$24m or S$1,423 psf

Low psf price due to age; buyer understood to be investing legend. Ewart Park bungalow fetches S$19m or S$1,161 psf

Kalpana Rashiwala

Published Tue, Sep 20, 2016 · 09:50 PM

Singapore property

Singapore

THE Good Class Bungalow (GCB) market continues to buzz with activity. The latest transactions include an old freehold house along Lady Hill Road in a prime GCB location which changed hands for S$24 million. The price works out to S$1,423 psf based on the land area of 16,863 sq ft.

This seems a relatively low psf price for a prime GCB location but that may have to do with the property's age - it is said to be about 20 years old and the fact that the plot slides downwards towards the rear.