{"id":25909,"date":"2016-09-13T11:48:10","date_gmt":"2016-09-13T04:48:10","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/leedon-park-gcb-could-fetch-over-70-million\/"},"modified":"2016-09-13T11:51:38","modified_gmt":"2016-09-13T04:51:38","slug":"leedon-park-gcb-could-fetch-over-70-million","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/leedon-park-gcb-could-fetch-over-70-million\/","title":{"rendered":"Leedon Park GCB could fetch over $70 million"},"content":{"rendered":"


\nThe 46,879 sq ft plot located on high ground can be subdivided into 3 GCBs, said JLL.
\nA 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.
\nBuilt in the early 1990s, 17 Leedon Park sits on 46,879 sq ft of land and comprises a two-storey bungalow with a built-up area of about 9,000 sq ft. The estate also comes with a 21-metre long in-ground swimming pool and a lush garden.
\nThe sellers are expecting offers in the range of $70 million to $75 million, which works out to $1,493 psf to $1,599 psf on the land area.
\nThe property is close to the Botanic Gardens, Holland Village and The Star Vista mall.
\nAccording to Karamjit Singh, International Director and Head of Residential at JLL, the site is large enough to be redeveloped into two or three GCBs.
\n\u201cSuch opportunities to build three GCBs side-by-side do not come by often. Over the last five years, there have been as many as 174 GCB transactions. Out of these, only 14 plots could have been subdivided into two or more GCB parcels. This included the British government\u2019s land at Nassim Road of 34,252 sq ft, which was sold for $56.58 million ($1,652 psf) last month.\u201d
\nSingh added: \u201cOf the 14 plots, only one could be split into three or more GCBs. That was 35 Ridout Road, which has a land area of 73,280 sq ft and was sold for $91.68 million ($1,251 psf) in May 2015.\u201d
\nThe tender for 17 Leedon Park closes on 18 October, said JLL.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, wrote this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Leedon Park GCB could fetch over million<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The 46,879 sq ft plot located on high ground can be subdivided into 3 GCBs,...<\/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-25909","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\/p75ss1-6JT","jetpack-related-posts":[{"id":120575,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/secretlab-gaming-chair-ceo-acquires-two-properties-for-51mil-in-a-week\/","url_meta":{"origin":25909,"position":0},"title":"Secretlab gaming chair CEO acquires two properties for $51mil in a week","date":"July 1, 2021","format":false,"excerpt":"\r Secretlab gaming chair CEO acquires two properties for $51mil in a weekThe 28-year-old co-founder of the ergonomic chair retailer acquired a good class bungalow (GCB) on Olive Road for $36 million, as well as a five-bedroom triplex penthouse at Leedon Residence.\u00a0Photo: Google Street View Within a week, gaming chair\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/07\/27-olive-road-gcb-crop.png?fit=820%2C411&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":93023,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/freehold-bungalow-at-sixth-avenue-up-for-sale-at-16m\/","url_meta":{"origin":25909,"position":1},"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":110693,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/jervois-road-good-class-bungalow-for-sale-at-38-8m\/","url_meta":{"origin":25909,"position":2},"title":"Jervois Road Good Class Bungalow for sale at $38.8m","date":"September 12, 2019","format":false,"excerpt":"\r This District 10 property is situated within the Chatsworth Park Good Class Bungalow area. It is also within the embassy enclave, and is minutes from the central business district A good class bungalow (GCB) along Jervois Road has been put up for sale via tender, carrying a guide price\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":25909,"position":3},"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. 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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":120527,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/grab-ceos-wife-acquires-gcb-in-bin-tong-park-for-40mil\/","url_meta":{"origin":25909,"position":5},"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. 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