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GCBs remain a draw for Singaporeans

Take-up is promising so far; analysts are hopeful after last year's five-year high of 41 deals totalling S$867m

(Above) An Eng Neo Avenue bungalow is being sold for S$23.3m by the owners, who are understood to have paid S$14.3m for the GCB in 2009.

(Above) This two-storey bungalow along Jalan Senandong in the Swiss Club Road GCB Area is being transacted for S$14.5m. The sellers bought the house in 1992 for S$2.35m.

A FEW notable personalities from the corporate world have been involved in transactions in Good Class Bungalow (GCB) Areas since the start of the year.

The Business Times understands that Simon Israel, chairman of both Singtel and Singapore Post, is buying an old single-storey bungalow...

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