Dalvey Road GCB sells for S$61 million, Victoria Park bungalow fetches nearly S$52 million

[SINGAPORE] Amid the gentle buzz in the Good Class Bungalow market in recent months, two big-ticket transactions involving relatively new properties have surfaced.

Near the Singapore Botanic Gardens, a house in Dalvey Road has been bought by a philanthropist at S$61 million, which works out to S$4,045 per square foot (psf) on the freehold land area of 15,081 sq ft.

Over in Victoria Park Close, a modern-design house is in the process of being sold for nearly S$52 million, or about S$2,730 psf, on the 999-year leasehold land area of about 18,984 sq ft.