Two freehold Good Category Bungalow (GCB) transactions in District 20 are in motion — one in White Property Park near to the Botanic Back gardens and the different tucked away in Ewart Area off The netherlands Road.
The bungalow in White Property Park will be sold at S$25. 5 , 000, 000, which equals S$1, 686 per sq foot based upon the territory area of 12-15, 125 sq ft. The maison has five bedrooms, a pool and enough auto parking area to five autos. The living room is normally cantilevered over a driveway plus the homely property has a U-shaped layout, distancing the entertainment area from personal space of it is residents. It absolutely was completed in 99.
The property is normally part of The Glencaird Residences collection, which was manufactured by a unit of Wharf Comit� of Hk on the welcoming 194, 1000 sq foot former Aussie High Commissioner’s residence with the corner of White Property Park and Dalvey Highway.
Wharf bought the territory for S$98 million or perhaps S$505 psf in August 1994.
The recent maison sale in White Property Park is normally 2 . a couple of per cent below the last caveated transaction with the Glencaird Houses which was an entire year previously, when a maison along Dalvey Road fetched S$26 , 000, 000 or S$1, 724 psf.
The latest deal shows that rates could be getting close to stabilisation, to prime GCBs at least.
The buyer within the White Property Park asset is a Singaporean who is thought as involved in the system and building construction businesses.
The vendors are Rodney Tan Advantage Poh and Kian Exclude Leng. Mister Tan fantastic family experience a share in Value Resort Pte Ltd, which usually owns the Le Meridien Singapore, Sentosa. The 191-room hotel, following to the Merlion Tower upon Sentosa, is in the process of offered. It is on the site having a balance lease contract term of approximately 59 years.
The Tans used to have your own former Cairnhill Hotel, that they sold in 1996 to a Wing Tai-led holding that redeveloped the site right into a condo, The Light at Cairnhill.
Over at Ewart Park, a choice has been approved for the purchase of a GCB in S$19. thirty-five million or S$1, 284 psf depending on the terrain area of 15, 069 sq ft. The homely home is said to obtain seven sleeping rooms and a pool. It truly is on an enhanced site looking over greenery. The prospective customer is understood to be Singaporean Sandra Elnitiarta Kurniawan.
GCBs would be the most renowned type of arrived housing in Singapore as a result of planning restrictions imposed. They have a minimum terrain area of you, 400 sq . metres (15, 069 sq ft) and cannot be developed more than two storeys excessive (plus an attic and a basement).