Cuscaden unit puts three Nassim Rd bungalows on market for record S$5,200 psf

THREE freehold bungalows along Nassim Road owned by Cuscaden Peak Investments have been put on the market with an asking price of S$5,200 per square foot (psf) on land area. If achieved, this would be a record price for bungalow redevelopment land in a Good Class Bungalow (GCB) Area.

Completed about 23 years ago, the 2-storey bungalows were renovated extensively in 2015. They have built-up areas of around 6,950-7,400 square feet (sq ft) and are currently tenanted, with the earliest lease expiry in late July 2023.

Each of the bungalows is on 15,000-plus sq ft of land, and has 5 bedrooms and a swimming pool.