{"id":64982,"date":"2017-08-30T15:54:55","date_gmt":"2017-08-30T08:54:55","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-gcbs-off-holland-road-could-fetch-65m\/"},"modified":"2017-08-30T15:59:05","modified_gmt":"2017-08-30T08:59:05","slug":"two-gcbs-off-holland-road-could-fetch-65m","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-gcbs-off-holland-road-could-fetch-65m\/","title":{"rendered":"Two GCBs off Holland Road could fetch $65m"},"content":{"rendered":"


\nView of the two bungalows at Peirce Road. (Photo: Cushman & Wakefield)
\nTwo 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.
\nZoned residential under the 2014 Master Plan, the adjacent freehold bungalows have a total land area of approximately 32,478 sq ft and an existing gross floor area of about 8,400 sq ft each.
\nSEE ALSO: 10 facts about good class bungalows
\nThe GCBs are suitable for immediate occupation or redevelopment and are only for sale jointly with an indicative price of around $65 million, noted Cushman & Wakefield. The asking price works out to just over $2,000 psf on the land. \u00a0
\n\u201cWe have often been approached by clients looking to acquire large prime GCB plots of above 30,000 sq ft, but there are very few available in the market due to scarcity,\u201d said Shaun Poh, executive director, capital markets at Cushman & Wakefield.
\n\u201cThe subject properties, when combined, present an excellent investment opportunity for discerning buyers who aspire to build their dream home.\u201d\u00a0
\nLocated near a cul-de-sac, the properties are close to the Singapore Botanic Gardens and dining and entertainment options at Dempsey Hill and Holland Village.\u00a0
\nThe EOI exercise will close on 27 September 2017.
\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…Two GCBs off Holland Road could fetch m<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

View of the two bungalows at Peirce Road. (Photo: Cushman & Wakefield) Two hilltop good...<\/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-64982","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-gU6","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":64982,"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":110613,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/9-good-class-bungalows-sold-for-211m-in-h1\/","url_meta":{"origin":64982,"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":95165,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dalvey-road-gcb-up-for-sale-offers-expected-at-over-100m\/","url_meta":{"origin":64982,"position":2},"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":108264,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-good-class-bungalows-up-for-sale\/","url_meta":{"origin":64982,"position":3},"title":"Two Good Class Bungalows up for sale","date":"June 19, 2019","format":false,"excerpt":"\r Good 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. Two good class bungalows (GCB) within District 10\u2019s Bin Tong Park and District 21\u2019s King Albert Park GCB areas have been\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2019\/06\/5-Bin-Tong-Park.jpg?fit=810%2C540&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":25909,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/leedon-park-gcb-could-fetch-over-70-million\/","url_meta":{"origin":64982,"position":4},"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. 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