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Increasing buzz in GCB market as prices ease

Agents note that despite limited supply, prices have softened due to weak sentiment
Saturday, November 28, 2015 - 05:50
BT_20151128_KRBUNG28A_1997805.jpg
DOWNWARD PRESSURE ON PRICES: Among the latest deals is this bungalow along Peel Road, near Swettenham Road, that was sold for S$19.5 million or S$1,258 per square foot based on the freehold land area of 15,504 sq ft.
BT_20151128_KRBUNG28A_1997805.jpg
DOWNWARD PRESSURE ON PRICES: Among the latest deals is this bungalow along Peel Road, near Swettenham Road, that was sold for S$19.5 million or S$1,258 per square foot based on the freehold land area of 15,504 sq ft.

THE Good Class Bungalow (GCB) market has been active lately with some owners lowering their price expectations, resulting in deals being sealed, say bungalow agents.

So far this year, 29 bungalows in GCB Areas have changed hands for a total S$645 million; this is slightly ahead of the 28

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