GCB in Lady Hill Road sold at S$24m or S$1,423 psf
Low psf price due to age; buyer understood to be investing legend. Ewart Park bungalow fetches S$19m or S$1,161 psf
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Singapore
THE Good Class Bungalow (GCB) market continues to buzz with activity. The latest transactions include an old freehold house along Lady Hill Road in a prime GCB location which changed hands for S$24 million. The price works out to S$1,423 psf based on the land area of 16,863 sq ft.
This seems a relatively low psf price for a prime GCB location but that may have to do with the property's age - it is said to be about 20 years old and the fact that the plot slides downwards towards the rear.
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