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Bungalows in Singapore

Bungalows in Singapore is built in large and luxurious areas of land the government has sold to individuals. Good class bungalow could be ensconced in forested areas or be located very near the city.

Good Class Bungalows

Did you know? In Singapore, there are about 2,8000 of them that exist within the 39 gazetted Good Class Bungalows areas. Good Class Bungalows are considered the most prestigious type of residential building in Singapore.

Interestingly, if you were to take a look at most expensive GCB sold, you will notice the following:

Historical significance to the district

1st on the chart, 81 Dalvey Road, you will realized that one of the key reason as to why this GCB is expensive.

Redevelopment of the GCB site

Redevelopment of GCB will allow for a face-lift should it be facing the later age of the property. In particular, 65 Bin Tong Park sold at $48 million was redeveloped by the couple who have invested $10 million after buying it at $15 million in 2007.

Owner of a good-class bungalow

It is known that non-Singaporeans are generally not allowed to make purchase of landed property.

However, 82 Belmont Road was sold to the daughter of a Malaysian tycoon Robert Kuok.

This is a turning point where some Permanent Residents are granted to purchase landed residential property in GCB areas.

Bungalow Market in Singapore

There has been a high demand in recent year for a good-class bungalow. A large number of buyers in Singapore is looking for quite and spacious locations.

The buyers are willing to spend that amount of money on their bungalow.

There are foreigners that are willing to buy first-hand bungalows, but they are unable to obtain due to the government policy.

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