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Value of deals in GCB areas rises to five-year high

40 transactions last year, up from 37 in 2016, with total value up 8.4 per cent to S$855.14 million from S$788.53 million in 2016

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A two-storey bungalow in Rochalie Drive, with six bedrooms and a pool went for S$33 million or S$1,968 psf.

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RSP Architects Planners and Engineers founder Albert Hong sold a property in Bukit Tunggal Road for S$26.5 million or S$1,302 psf on freehold land area of 20,355 sq ft.

Singapore

THE number and value of transactions in Good Class Bungalow (GCB) areas in 2017 rose to their highest levels in five years, based on a preliminary analysis of caveats data as of Jan 5.

CBRE's analysis showed there were 40 transactions last year, up from 37 in 2016, with

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