SUBSCRIBERS

Value of deals in GCB areas rises to five-year high

40 transactions last year, up from 37 in 2016, with total value up 8.4 per cent to S$855.14 million from S$788.53 million in 2016

Kalpana Rashiwala

Published Fri, Jan 5, 2018 · 09:50 PM

Good class bungalow

Singapore

THE number and value of transactions in Good Class Bungalow (GCB) areas in 2017 rose to their highest levels in five years, based on a preliminary analysis of caveats data as of Jan 5.

CBRE's analysis showed there were 40 transactions last year, up from 37 in 2016, with the total value of deals up 8.4 per cent to S$855.14 million from S$788.53 million in 2016.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes