Big money moves in Singapore’s bungalow market
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This week in Property
- A Nassim Road property is up for sale at a megabucks price
- Why Prime and Plus BTO flats are a good buy despite the tight restrictions
- HDB’s new Build-To-Order batch
- Deals done in the last week
A big ask
A freehold conservation bungalow with perhaps Singapore’s most elite address, Nassim Road, is on the market again. The S$308 million price tag this time, if met, would make it the biggest deal ever to be done in a Good Class Bungalow (GCB) area. Reeling from the sticker shock? Bear in mind how we seem to be seeing more sales surfacing at the top of the private property market. While recent deals may not be struck at record prices, the increasing interest is palpable.
The Nassim property stands on a large tract of land that combines three land lots for a total site area of almost 59,000 square feet. Owned by Hong Fok Corporation joint chief executive Cheong Pin Chuan and his wife, it was put up for sale in 2019 for S$175 million.
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