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Lim Kay Tong, siblings sell bungalow for S$43m

2021 GCB sales off to a good start with at least 7 caveats lodged in Jan; 2020 saw total of 45 transactions with value up 35% to S$1.05 billion

Kalpana Rashiwala

Published Fri, Jan 29, 2021 · 05:50 AM

Good class bungalow

Singapore

AFTER chalking up a 35 per cent increase in transaction value to S$1.05 billion last year, Singapore's Good Class Bungalow (GCB) market is off to a good start in 2021.

Caveats for at least seven transactions have been lodged so far this month totalling S$218 million in places such as Chatsworth Avenue, Jervois Road, Swettenham Close, Bin Tong Park and King Albert Park.

In addition, several other deals in GCB Areas are close to being stitched.

For the whole of last year, there were 45 transactions, up from 40 deals in 2019, based on List Sotheby's International Realty's analysis of URA Realis data.

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