{"id":23341,"date":"2016-08-19T11:15:50","date_gmt":"2016-08-19T04:15:50","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/30m-gcb-put-up-for-auction\/"},"modified":"2016-08-19T11:31:31","modified_gmt":"2016-08-19T04:31:31","slug":"30m-gcb-put-up-for-auction","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/30m-gcb-put-up-for-auction\/","title":{"rendered":"$30m GCB put up for auction"},"content":{"rendered":"


\nThe 15,211 sq ft property in Dalvey Estate is currently being rented out at $26,000 per month. (Photo: Edmund Tie & Company)
\nA freehold good class bungalow (GCB) in the exclusive Dalvey Estate GCB area will be put up for auction by owner\u2019s sale at the end of this month, said sole marketing agent Edmund Tie & Company.
\nLocated within a quiet cul-de-sac, the 21\/2-storey property sits on 15,211 sq ft of land and has a floor area of 12,500 sq ft.
\nThe indicative price of $30 million translates to about $1,972 psf on the land area. It is currently being rented out at $26,000 per month till August next year.
\nWith 6+1 bedrooms and a basement, it is ideal for big families or multi-generational living.
\nEnhancement works were completed in 2011 at an estimated cost of $2 million. There are also a number of luxury facilities, including two swimming pools, two gardens, an air-conditioned gazebo, and a wine cellar with space for over 1,900 bottles.
\nThe estate is close to the Botanic Gardens, Orchard Road and established schools.
\n\u201cAs GCBs of such specifications are rarely available on the market, we anticipate a significant level of interest from investors or potential occupiers,\u201d said Joy Tan, Edmund Tie & Company\u2019s Head of Auction.
\n\u201cWith a short lease currently in place, the owner can look forward to rental income in the short term, with the flexibility of extending it or for their own occupation when the lease expires,\u201d she added.
\nEdmund Tie & Company\u2019s auction at The Amara Hotel on 31 August will showcase a total of 15 residential and commercial properties, 10 of which were put up by the owners, while the rest are for mortgagee sale.
\nAmong the residential auction listings are five high-end condominiums, three of which are in Sentosa Cove and the other two at Reflections at Keppel Bay.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…m GCB put up for auction<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The 15,211 sq ft property in Dalvey Estate is currently being rented out at $26,000...<\/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-23341","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\/p75ss1-64t","jetpack-related-posts":[{"id":95165,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dalvey-road-gcb-up-for-sale-offers-expected-at-over-100m\/","url_meta":{"origin":23341,"position":0},"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":99340,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gcb-of-former-hdb-chairman-sold-for-nearly-94m\/","url_meta":{"origin":23341,"position":1},"title":"GCB of former HDB chairman sold for nearly $94m","date":"October 8, 2018","format":false,"excerpt":"\r The sale price of the bungalow at Dalvey Road is lower than the expected price of about $100 million. (Photo: JLL) The freehold good class bungalow (GCB) of Lim Kim San, the Housing and Development\u2019s Board\u2019s (HDB) first chairman, has changed hands for $93.9 million, reported iCompareLoan. Located on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":78941,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sentosa-cove-penthouse-up-for-auction\/","url_meta":{"origin":23341,"position":2},"title":"Sentosa Cove penthouse up for auction","date":"February 5, 2018","format":false,"excerpt":"\r The last owner paid $5.64 million, or $1,919 psf for the four-bedroom unit in 2011. (Photo: Edmund Tie and Co) A two-level penthouse on the sixth storey of The Berth by the Cove will be placed under the hammer on 28 February at The Amara Hotel Singapore, revealed Edmund\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":23341,"position":3},"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":[]},{"id":88411,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/fernhill-court-up-for-sale-at-reserve-price-of-125m\/","url_meta":{"origin":23341,"position":4},"title":"Fernhill Court up for sale at reserve price of $125m","date":"May 16, 2018","format":false,"excerpt":"\r The reserve price works out to a land rate of $1,885 psf ppr, after factoring in a development charge of $3.7 million. (Photo: Colliers International) Fernhill Court, a prime freehold development located next to the Nassim Road, Dalvey Road and White House Park Good Class Bungalow (GCB) areas in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"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":23341,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/23341"}],"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=23341"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/23341\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=23341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=23341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=23341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}