Good Class Bungalow at Garlick Ave to be sold for S$23.88 million
Price being paid by the boss of developer Sustained Land, Douglas Ong, works out to S$858 psf on land area
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PROPERTY developer Sustained Land's boss, Douglas Ong, is buying a Good Class Bungalow (GCB) along Garlick Avenue in District 10.
The S$23.88 million price translates to S$858 per square foot (psf) based on the freehold land area of 27,829 sq ft. Market watchers consider the psf price to be on the low side, even if the transaction is seen as reflecting purely the land value.
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