SUBSCRIBERS

Good Class Bungalow deals in Q3 down from previous quarter

Transactions worth S$177m notched, lower than S$282m in Q2 but higher than S$167m in Q3 2014

Kalpana Rashiwala

Published Mon, Oct 26, 2015 · 09:50 PM

Singapore

NINE bungalows in Good Class Bungalow (GCB) areas were transacted at a total of nearly S$177 million in the third quarter, down from 11 deals worth S$282 million in the second.

The Q3 showing was, however, ahead of the seven deals that closed for a total S$167 million in the third quarter of last year.

In the first nine months of this year, the GCB sale tally was 24 deals totalling S$554 million, slightly ahead of the 22 transactions worth S$511 million in the corresponding year-ago period.

A…