{"id":109079,"date":"2019-07-17T10:35:00","date_gmt":"2019-07-17T03:35:00","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/belmont-road-gcb-to-go-under-the-hammer\/"},"modified":"2019-07-17T15:09:44","modified_gmt":"2019-07-17T08:09:44","slug":"belmont-road-gcb-to-go-under-the-hammer","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/belmont-road-gcb-to-go-under-the-hammer\/","title":{"rendered":"Belmont Road GCB to go under the hammer"},"content":{"rendered":"


\nA Good Class Bungalow (GCB) at 80 Belmont Road is set to be auctioned on 23 July (Tuesday), carrying a guide price of $42 million or around $1,557 per sq ft (psf), reported The Straits Times citing Knight Frank Singapore.
\nSituated near the Holland Village enclave, Sixth Avenue as well as the Singapore Botanic Gardens, the two-storey freehold property sits on a 27,000 sq ft site and has a floor area of 15,714 sq ft. It features a lift, covered car porch, playground, landscaped garden, swimming pool and a basketball court.
\n\u201cGiven the rarity of a GCB of this size being put up for auction, we anticipate the response to be good,\u201d said Sharon Lee, head of auction and sales at Knight Frank Singapore.
\nThe Urban Redevelopment Authority has said that GCBs have a minimum land area of 1,400 sq m or 15,069 sq ft.
\nLee noted that two GCBs within the area have been sold in the past year. With an area of 15,004 sq ft, the GCB at 63 Belmont Road was sold last month for $39.8 million or $2,654 psf, while the 15,069 sq ft GCB at 43 Belmont Road was transacted last August for $33.8 million or $2,243 psf.
\nIn a mortgagee sale, a property is foreclosed by a bank after the owner has defaulted on the mortgage. The property is put up for sale for the bank to recover outstanding debt.
\nHome buyers looking for\u00a0Singapore Properties\u00a0may like to visit our\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\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…Belmont Road GCB to go under the hammer<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A Good Class Bungalow (GCB) at 80 Belmont Road is set to be auctioned on...<\/p>\n","protected":false},"author":1,"featured_media":0,"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-109079","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-snl","jetpack-related-posts":[{"id":118463,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/queen-astrid-gardens-up-for-en-bloc-sale-owners-expect-126-8mil-for-gcba-site\/","url_meta":{"origin":109079,"position":0},"title":"Queen Astrid Gardens up for en bloc sale, owners expect $126.8mil for GCBA site","date":"September 3, 2020","format":false,"excerpt":"\r The 999-year leasehold, four-storey condominium comprises 16 residential units and sits on the Queen Astrid Park Good Class Bungalow Area (GCBA). Photo: Knight Frank Pte Ltd. Residential development Queen Astrid Gardens has been launched for collective sale for a guide price of $126.8 million or $2,037 per sq ft\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":109079,"position":1},"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":110222,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bukit-panjang-gcb-up-for-auction-at-9m-asking-price\/","url_meta":{"origin":109079,"position":2},"title":"Bukit Panjang GCB Up For Auction At $9m Asking Price","date":"August 27, 2019","format":false,"excerpt":"\r A good class bungalow (GCB) at 7 Chestnut Crescent will be put up for sale via auction next month, with the owner asking $9 million for the property or $975 per sq ft (psf) based on the total land area of 9,232.2 sq ft, revealed Colliers International.\u00a0 The psf\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":112296,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oei-tiong-ham-park-gcb-to-go-under-the-hammer-for-23m\/","url_meta":{"origin":109079,"position":3},"title":"Oei Tiong Ham Park GCB to go under the hammer for $23m","date":"November 12, 2019","format":false,"excerpt":"\r The property features six ensuite bedrooms, a patio entrance and a private swimming pool. It also has a garage that can house three cars and which can also be used as a playroom. A good class bungalow (GCB) at Oei Tiong Ham Park in District 10 will be put\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111658,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nassim-road-gcb-for-sale-for-175m\/","url_meta":{"origin":109079,"position":4},"title":"Nassim Road GCB for sale for $175m","date":"October 17, 2019","format":false,"excerpt":"\r The two-storey bungalow has a total floor area of about 13,839 sq ft and\u00a0is a mere five-minute walk to the Botanic Gardens, and is a 10 minutes\u2019 drive to the CBD. Image source: CBRE A two-storey conservation good class bungalow (GCB) at 40 Nassim Road has been put up\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":109649,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/belmont-road-gcb-relaunched-at-lower-price\/","url_meta":{"origin":109079,"position":5},"title":"Belmont Road GCB relaunched at lower price","date":"August 5, 2019","format":false,"excerpt":"\r After failing to sell at an auction, a Good Class Bungalow (GCB) at 80 Belmont Road has been re-launched for sale through private treaty, with the guide price lowered to $40.8 million. According to a report on The Business Times, the property, which was owned by The Stratech Group\u2019s\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\/109079"}],"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=109079"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/109079\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=109079"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=109079"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=109079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}