Two exclusive Good Class Bungalows in Districts 10 and 21 up for sale

The sites have a guiding price of $48m and $43.8m, respectively.

Two good class bungalows (GCB) at 5 Bin Tong Park in District 10 and 22A King Albert Park in District 21 have been put up for sale via an expression of interest (EOI) for , an announcement by marketing agent Edmund Tie & Company (ET&Co) revealed.

The site at 5 Bin Tong Park is a freehold estate with a total land area of approximately 2,611.4 sqm with a wide frontage of approximately 58 m. The house is suitable for Addition & Alteration (A&A) or redevelopment. According to URA Master Plan 2014, the site is zoned ‘Residential’ and is within the Bin Tong Park GCB area. 

Meanwhile, the freehold estate at 22A King Albert Park has a total land area of approximately 3,387.6 sqm. The subject property is situated on a private cul-de-sac and elevated plot, maximising its privacy from the main road. It has a two-storey bungalow with a basement and a swimming pool. The house is suitable for A&A or redevelopment. According to URA Master Plan 2014, the site is zoned ‘Residential’ and is within the King Albert Park GCB area.

Also read: URA tenders residential-with-commercial Bernam Street site

According to Joy Tan, ET&Co’s head of auction & sales, caveats lodged in 2018 indicated a total sales value of $1.03b transacted in the GCB market.

“Since 2018, comparable units to 5 Bin Tong Park that changed hands include 65 Bin Tong Park at $48m or $2,063 psf in March 2018, whilst a newly completed GCB at 43 Belmont Road was sold at $33.8m or $2,243 psf,” she said. “Meanwhile, the last King Albert Park site sold was 16 King Albert Park, to Far East Organization in March 2017 for $43.8m or $1,117 psf.”

Both properties will be sold with vacant possession or with tenancy on an “as is where is” basis. EOI submissions will close on 18 July at 3 p.m. 

Join Singapore Business Review community
Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

You're the reader we write for. You're also the person our partners want to reach.

If that sentence describes you — a founder, a C-suite, someone whose attention companies pay good money for — then you already understand why SBR works. We've spent twenty years earning the trust of readers exactly like you. Which is exactly what makes this an interesting place for your company to show up, too.

The ways it can show up are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The right fit depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If your company has something this audience should know about, we'd like to hear what you're working on.

No rate cards until we understand the brief. It's a better use of everyone's time.

Top News

30 One-Sentence Stories From People Who Have Built Better Habits
None of these stories are mine. They were sent to me by readers of Atomic Habits. My hope is that these examples will illustrate how real people are putting the book into practice. They will show you what people are actually doing to build good habits and break bad ones. And hopefully, they will spark some ideas for how you can do the same.
SBR 5 Lorem Ipsum News 2 [8 May]
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
SBR 4 Lorem Ipsum [8 May Top Stories]
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Exclusives

How Experts Figure What to Focus On
eliminate the distractions. Commit to one thing and become great at that thing.”
Exclusive three SBR 12 Lorem Ipsum [8 May]
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.
SBR 3 Lorem Ipsum [ Exclusive 2]
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, remaining essentially unchanged. It was popularised in the 1960s with the release of Letraset sheets containing Lorem Ipsum passages, and more recently with desktop publishing software like Aldus PageMaker including versions of Lorem Ipsum.

Event News

Video [Event News]
Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley