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

Asking price is a record S$5,200 psf on land area, translating to a total of nearly S$239 million

 Kalpana Rashiwala
Published Mon, Sep 26, 2022 · 05:50 AM
    • One of the 3 freehold bungalows along Nassim Road owned by Times Properties. It has 5 bedrooms and a pool.
    • One of the 3 freehold bungalows along Nassim Road owned by Times Properties. It has 5 bedrooms and a pool. PHOTO: REALSTAR

    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.

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