{"id":108264,"date":"2019-06-19T10:26:08","date_gmt":"2019-06-19T03:26:08","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-good-class-bungalows-up-for-sale\/"},"modified":"2019-06-19T11:04:22","modified_gmt":"2019-06-19T04:04:22","slug":"two-good-class-bungalows-up-for-sale","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-good-class-bungalows-up-for-sale\/","title":{"rendered":"Two Good Class Bungalows up for sale"},"content":{"rendered":"


\nGood Class Bungalows (GCBs) are the most prestigious type of landed housing in Singapore that only Singaporeans can buy. Shown is a\u00a0two-storey bungalow at 22A King Albert Park.
\nTwo good class bungalows (GCB) within District 10\u2019s Bin Tong Park and District 21\u2019s King Albert Park GCB areas have been put up for sale via an expression of interest (EOI) exercise, with a guide price of 48 million and 43.8 million, respectively.
\nEnjoying a wide frontage of around 58 m, the freehold property at 5 Bin Tong Park is nestled on a 2,611.4 sq m site zoned residential under the 2014 Master Plan. Get pricing and location-based insights with our Area Insider guides.
\nThe two-storey bungalow at 22A King Albert Park, on the other hand, occupies a land area of about 3,387.6 sq m. Zoned residential under the 2014 Master Plan, the freehold property, which comes with a swimming pool and a basement, is located on a private cul-de-sac and elevated plot.
\nMarketing agent ET&Co noted that both properties are suitable for addition and alteration or redevelopment.
\n\u00a0<\/p>\n

The freehold property at 5 Bin Tong Park is nestled on a 2,611.4 sq m (28,108 sq ft) site.
\nET&Co head of auction and sales Joy Tan said caveats lodged last year showed that transactions in the GCB market had a total sales value of $1.03 billion.
\n\u201cSince 2018, comparable units to 5 Bin Tong Park that changed hands include 65 Bin Tong Park at $48 million or $2,063 psf in March 2018, whilst a newly completed GCB at 43 Belmont Road was sold at $33.8 million or $2,243 psf,\u201d she said. \u201cMeanwhile, the last King Albert Park site sold was 16 King Albert Park, to Far East Organization in March 2017 for $43.8 million or $1,117 psf.\u201d
\nThe EOI exercise for the GCBs closes on 18 July.
\nFiona Ho, Digital Content Manager at PropertyGuru, edited this story. To contact her about this or other stories, email\u00a0fiona@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Two Good Class Bungalows up for sale<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Good Class Bungalows (GCBs) are the most prestigious type of landed housing in Singapore that...<\/p>\n","protected":false},"author":1,"featured_media":108265,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-108264","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2019\/06\/5-Bin-Tong-Park.jpg?fit=810%2C540&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-sac","jetpack-related-posts":[{"id":93023,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-bungalow-at-sixth-avenue-up-for-sale-at-16m\/","url_meta":{"origin":108264,"position":0},"title":"Freehold bungalow at Sixth Avenue up for sale at $16m","date":"July 3, 2018","format":false,"excerpt":"\r The old single-storey bungalow near Sixth Avenue MRT station was built around the 1980s. (Photo: JLL) A freehold bungalow at 45 Sixth Avenue has been put up for sale carrying an asking price of $16 million or about $1,274 psf, revealed marketing agent JLL on Monday (2 July). Located\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":64982,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-gcbs-off-holland-road-could-fetch-65m\/","url_meta":{"origin":108264,"position":1},"title":"Two GCBs off Holland Road could fetch $65m","date":"August 30, 2017","format":false,"excerpt":"\r View of the two bungalows at Peirce Road. (Photo: Cushman & Wakefield) Two hilltop good class bungalow (GCB) plots at 26A and 26B Peirce Road off Holland Road have been put up for sale by expression of interest (EOI), said marketing agent Cushman & Wakefield. Zoned residential under the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120527,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/grab-ceos-wife-acquires-gcb-in-bin-tong-park-for-40mil\/","url_meta":{"origin":108264,"position":2},"title":"Grab CEO\u2019s wife acquires GCB in Bin Tong Park for $40mil","date":"July 12, 2021","format":false,"excerpt":"\r The 21,6327 sq ft Bin Tong Park property, bought for $40 million, is expected to be redeveloped by the couple. Source: Google Maps The wife of Grab Co-founder and CEO Anthony Tan has acquired a property within the Bin Tong Park Good Class Bungalow (GCB) area for $40 million,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/GOOD-CLASS-BUNGALOW.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":95165,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dalvey-road-gcb-up-for-sale-offers-expected-at-over-100m\/","url_meta":{"origin":108264,"position":3},"title":"Dalvey Road GCB up for sale, offers expected at over $100m","date":"August 1, 2018","format":false,"excerpt":"\r \u00a0 A 51,058 sq ft Good Class Bungalow (GCB) at Dalvey Road has been put up for sale, with expectations that it could attract offers in excess of $100 million, revealed marketing agent JLL. Located within White House Park GCB Area, the two-storey bungalow sits on elevated grounds at\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110613,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/9-good-class-bungalows-sold-for-211m-in-h1\/","url_meta":{"origin":108264,"position":4},"title":"9 good class bungalows sold for $211m in H1","date":"September 10, 2019","format":false,"excerpt":"\r 16 Jervois Hill at Chatsworth Park emerged as the priciest GCB at $30.9 million, or at\u00a02,032 per sq ft (psf).\u00a0 Nine good class bungalows (GCB) exchanged hands during the first half of 2019 for a total price of $211 million, reported Singapore Business Review citing a Knight Frank report.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103268,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-storey-gcb-at-binjai-park-for-sale-at-40m\/","url_meta":{"origin":108264,"position":5},"title":"Two-storey GCB at Binjai Park for sale at $40m","date":"January 24, 2019","format":false,"excerpt":"\r The guide price of $40 million works out to a land rate of $1,464 psf. (Photo: CBRE) A good class bungalow (GCB) at Binjai Park has been put up for sale with a guide price of $40 million, which works out to $1,464 psf on the land area, revealed\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/108264"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=108264"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/108264\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/108265"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=108264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=108264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=108264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}