Good Class Bungalows to remain sought-after this year
Overall, their prices are likely to rise by 5 to 8 per cent this year, kept in check by ABSD and TDSR, which remain in place
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SALES of Good Class Bungalows (GCBs) - the pinnacle of Singapore's landed housing segment - rose to a five-year high last year.
Based on caveat records from the Urban Redevelopment Authority's Real Estate Information System (URA REALIS), 41 GCBs with a cumulative worth of S$867 million changed hands in 2017, up from 37 GCB transactions worth S$789 million the year before.
These 41 GCBs were transacted at prices ranging from S$858 to S$2,351 per sq ft on land area, depending on a confluence of factors including the location, plot size, terrain and the condition of the bungalow.
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