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Binjai Rise mortgagee-sale GCB sold for about S$13m

Sub-S$800 psf on land area reflects noisy location next to PIE, say analysts, while acknowledging GCB prices have softened of late

15 BINJAI RISE: The partly completed bungalow, on 17,035 sq ft of freehold land, comprises two storeys, a basement and an attic.


A PARTIALLY completed Good Class Bungalow (GCB) at 15 Binjai Rise, located next to the noisy Pan Island Expressway, has finally been sold - after two rounds of auctions and a tender.

Talk in the market is that the price paid for the mortgagee-sale property was around S$13...

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