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Resilient GCB market can weather market shocks

The cooling measures lowered the profitability of these homes, but owners can usually wait to sell.

Published Tue, Sep 8, 2020 · 09:50 PM

GOOD Class Bungalows (GCBs) are arguably the most exclusive and expensive pieces of real estate in Singapore.

The most recent market shock before the Covid-19 pandemic this year was the property market cooling measures introduced by the Singapore government on July 5, 2018.

In this report, we look at the performance of the GCB market in two periods of 18 months - immediately before and after the introduction of the mid-2018 cooling measures.