The Business Times
business-time-50
OUTLOOK 2023

GCB volumes next year expected to be similar to 2022 levels amid price gap

All eyes are on the trio of Nassim Road bungalows, which, if sold at an expected record price, could raise prices across the GCB market, say agents

google-preferred-sourceAdd BT as a preferred source
Kalpana Rashiwala

Kalpana Rashiwala

Published Fri, Dec 16, 2022 · 05:50 AM
    • This house on 17,905 sq ft of land in Tanglin Hill, completed in 1997, is now on the market with an asking price of S$52 million or S$2,904 psf.
    • This house on 17,905 sq ft of land in Tanglin Hill, completed in 1997, is now on the market with an asking price of S$52 million or S$2,904 psf. PHOTO: REALSTAR

    THE volume of transactions in Good Class Bungalow (GCB) areas next year is expected to be about the same as this year, amid a widening price gap between buyers and sellers.

    So far this year, there have been 43 deals in GCB areas totalling S$1.16 billion, based on the analysis of URA Realis caveats data downloaded on Dec 13 by List Sotheby’s International Realty (List SIR). (The latest transaction was dated Nov 18.)

    This marks a sharp fall from the 90 transactions amounting to S$2.57 billion last year.

    ResidentialGood class bungalowSingapore residential property

    TRENDING NOW

    DBS’ wealth assets under management rose above the S$500 billion mark for the first time in Q2, to hit S$516 billion.

    Analysts raise DBS targets to as high as S$81 after record Q2 net profit

    BYD’s rise to become the No 1 passenger-car seller in Singapore can be described as explosive. 

    How BYD disrupted Singapore’s car market – and why the strategy is turning on itself

    The 302-unit Cape Royale, completed in 2013, has been the last major new condominium development in Sentosa Cove. 

    Two-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023

    Tabung Haji has about 9.7 million depositors nationwide, of whom about four million are registered for the haj.

    Malaysia’s Tabung Haji reckoning: The billions lost, the rescue and what comes next

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More