News

Residential Property

Staff Reporter

, Singapore

Published:

6 months ago

Photo from Shutterstock

Good Class Bungalow sales reach $202M in H1 2024, up 8% HoH

H1 2024 recorded nine transactions.

Despite an unchanged number of transactions, the sales value of Good Class Bungalows in H1 2024 rose to $202m, up 8% from H2 2023.

H1 2024 and H2 2023 each recorded nine transactions.

PropNex, however, said that the actual volume of GCBs sold in H1 2024 "is likely to be a tad higher, as a number of deals may not have been caveated."

Amongst these deals include a Bin Tong Park GCB sold for $84m and a GCB in Gallop Road, which fetched $42.5m.

Based on caveats lodged, the top Good Class Bungalow deal in H1 2024 was a bungalow in Ford Avenue sold in March for $39.5M, reflecting a unit price of $2,020 per square foot on land area.

Located in the Ford Avenue GCB area near Holland Village, the freehold property boasts a vast land area of 19,554 square feet.

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