Freehold bungalow off Upper Thomson Road put up for sale for $27m

It was built way back in the 1950s.

A freehold Good Class Bungalow (GCB) off Upper Thomson Road has been put up for sale by public tender, with an indicative price of $1,280 per square foot or $27m.

With a land area of approximately 21,091 sq ft, the property is currently occupied by a part-single-part-two-storey bungalow that was built in the 1950s.

It is sited on elevated grounds, which is one of the highest vantage points in the estate, offering commanding views of the surrounding environment.

Under the 2014 Master Plan, the subject property is located within the Windsor Park Good Class Bungalow Area (GCBA).

"With only 34 GCB plots in the area, there are rarely any plots being offered for sale in the past few years. The last two recorded transactions in the vicinity were a 22,481 sq ft site that was sold for S$25.3 million in January 2013 and another 19,280 sq ft property that was sold for S$27 million in December 2012,” said  Stella Hoh, Executive Director of Investment Services at Colliers International.

Colliers has been appointed as the deal's sole marketing agent.