{"id":111658,"date":"2019-10-17T12:13:44","date_gmt":"2019-10-17T05:13:44","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/nassim-road-gcb-for-sale-for-175m\/"},"modified":"2019-10-17T13:21:20","modified_gmt":"2019-10-17T06:21:20","slug":"nassim-road-gcb-for-sale-for-175m","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/nassim-road-gcb-for-sale-for-175m\/","title":{"rendered":"Nassim Road GCB for sale for $175m"},"content":{"rendered":"


\nThe 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
\nA two-storey conservation good class bungalow (GCB) at 40 Nassim Road has been put up for sale via public tender, with a guide price of $175 million, revealed marketing agent CBRE.
\nEnjoying a wide frontage of around 70 metres, the site is composite of three adjoining plots measuring 14,867 sq ft, 15,779 sq ft and 28,138 sq ft. This provides the prospective buyer the flexibility to redevelop the property to accommodate three GCBs.
\nThe two-storey bungalow has a total floor area of about 13,839 sq ft and comes with an entrance hall, four en-suite bedrooms, a dining room, a living room, a helper\u2019s room and an internal landscaped courtyard with a pond. It also has a large car porch and garage that could house seven cars.
\nA mere five-minute walk to the Botanic Gardens, the property is situated just off the main shopping strip of Orchard Road and is a 10 minutes\u2019 drive to the CBD.
\n\u201cInvestors are well cognizant of the premium that Nassim Road commands in the GCB market in Singapore. In fact, the GCBs at Nassim Road continue to set new benchmarks, evidenced by the two recent GCB transactions in the immediate vicinity,\u201d said Angela Lim, senior manager of capital markets at CBRE.
\n33 Nassim Road, for instance, was sold for $230 million or $2,721 per sq ft (psf), while 50 Cluny Road was transacted for $45 million or $2,980 psf.
\nWith this, Lim expects the property to receive keen interest from both investors and owner occupiers.
\n\u201cThis is an exceptional opportunity to acquire a massive GCB land plot within the esteemed Nassim Road area, as such ownerships are typically tightly held,\u201d she added.
\nThe tender for 40 Nassim Road closes on 14 November.
\nWhile you\u2019re here,\u00a0check out Singapore properties for sale.\u00a0Or, read our handy property\u00a0buying guides\u00a0to help you own a property.
\n\u00a0
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg
\n\u00a0
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Nassim Road GCB for sale for 5m<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The two-storey bungalow has a total floor area of about 13,839 sq ft and\u00a0is a...<\/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-111658","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-t2W","jetpack-related-posts":[{"id":25909,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/leedon-park-gcb-could-fetch-over-70-million\/","url_meta":{"origin":111658,"position":0},"title":"Leedon Park GCB could fetch over $70 million","date":"September 13, 2016","format":false,"excerpt":"\r The 46,879 sq ft plot located on high ground can be subdivided into 3 GCBs, said JLL. A sprawling good class bungalow (GCB) located on one of the highest points of the Leedon Park GCB area has been launched for sale, revealed sole marketing agent JLL. Built in the\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":111658,"position":1},"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":[]},{"id":122448,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lee-hsien-yangs-caldecott-hill-bungalow-on-sale-for-16-8mil\/","url_meta":{"origin":111658,"position":2},"title":"Lee Hsien Yang\u2019s Caldecott Hill bungalow on sale for $16.8mil","date":"October 8, 2021","format":false,"excerpt":"\r The 9,888 sq ft two-storey detached house\u00a0is located in the Caldecott Hill GCB area. Lee Hsien Yang, the Prime Minister\u2019s younger brother, is selling his two-storey bungalow in Caldecott Hill for $16.8 million, reported Bloomberg. The freehold property, which was listed on PropertyGuru, was described as a \u201cresort-style modern\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/lee-hsien-yang-bungalow.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":111465,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/yarwood-avenue-gcb-to-enter-the-market-again-with-23m-price\/","url_meta":{"origin":111658,"position":3},"title":"Yarwood Avenue GCB to enter the market again with $23m price","date":"October 9, 2019","format":false,"excerpt":"\r The two-storey bungalow comes with five en suite bedrooms, a basement, sheltered terraces, a car porch, a landscaped garden, a koi pond and a swimming pool. Image source: Knight Frank. A good class bungalow (GCB) in District 21 will once again be put up for public auction on 16\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":109518,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-this-the-most-expensive-property-transaction-in-singapore-ever\/","url_meta":{"origin":111658,"position":4},"title":"Is this the most expensive property transaction in Singapore ever?","date":"July 31, 2019","format":false,"excerpt":"\r A sprawling Good Class Bungalow (GCB) at 33 Nassim Road has been sold for $230 million, marking a new record in absolute price terms, reported The Business Times. A privately-owned firm controlled by Cheng Wai Keung, chairman of Wing Tai Holdings, and his wife, Helen, sold the 84,543 sq\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":109079,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/belmont-road-gcb-to-go-under-the-hammer\/","url_meta":{"origin":111658,"position":5},"title":"Belmont Road GCB to go under the hammer","date":"July 17, 2019","format":false,"excerpt":"\r A 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. Situated near the Holland Village enclave, Sixth Avenue as\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\/111658"}],"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=111658"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/111658\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=111658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=111658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=111658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}