Good Class Bungalow at Nassim Road put up for tender

It is expected to sell for at least $175m.

A two-storey conservation Good Class Bungalow (GCB) at 40 Nassim Road has been put on sale by public tender until 14 November, CBRE announced. According to CBRE senior manager of capital markets Angela Lim, the asset is expected to attract offers of at least $175m.

Located within a Good Class Bungalow Area (GCBA), it has a road frontage of around 70 m and an average depth of 95 m. Its total land of about 58,784 sqft is a composite of three adjoining plots with areas of 14,867 sqft, 15,779 sqft and 28,138 sqft.

With a total floor area of about 13,839 sqft, it features an entrance hall, a living room, a dining room, four en-suite bedrooms, an internal landscaped courtyard with a pond and a helper’s room. It also has a manicured garden, as well as a car porch and garage that can accommodate seven cars.

The GCB is located near Botanic Gardens, as well as the main shopping strip of Orchard Road and CBD.

“Due to its scarcity and exclusivity, GCBs in Singapore have always been a unique asset class that is consistently well sought after by ultra-high net worth individuals and prominent families who are always on the lookout for wealth preservation,” Lim said.