A freehold Good Class Bungalow (GCB) along Bukit Tunggal Road has been put up for sale with a guide price of $38 million, translating to about $2,522 psf based on its approximately 15,069 sq ft land area.
The two-storey detached house, which spans approximately 11,134 sq ft of built-up area, is located in the prestigious District 11 GCB area. The established area is renowned for its low-density enclave and close proximity to Novena and Newton and minutes from Orchard Road, the Central Business District and Marina Bay, according to Huttons Asia.
The property comprises a bungalow with an attic and basement, alongside a swimming pool and expansive entertainment spaces.
The home also features seven en-suite bedrooms, grand formal living and dining halls, a family lounge, a pool-facing annex room, as well as a basement entertainment hall fitted with a ballroom and private bar. Additional helpers’ quarters also provide practicality for multi-generational living and modern household requirements.
Educational institutions within a 1km radius include Anglo-Chinese School (Primary), Singapore Chinese Girls’ School (Primary), and St Joseph’s Institution Junior. These attributes will likely appeal to discerning families seeking a long-term legacy residence, adds Huttons Asia.
Properties available for acquisition within the Bukit Tunggal are rare, says Lean GuanHua, director of investment sales at Huttons Asia. “This offering presents a unique opportunity to secure a prestigious freehold estate within a highly exclusive and tightly held enclave,” he adds.
See also: 999-year leasehold commercial building at 402 North Bridge Road up for sale at $70 million
Over the past decade, there was only one GCB transaction along Bukit Tunggal Road, which “highlights the scarcity of sales,” says Lee Sze Teck, senior director of data analytics of Huttons Asia.
Lee anticipates that, over the long term, the increase in the number of naturalised Singaporeans will attract more wealth into the GCB segment. “As Singapore plans to accept more citizens to make up for its low fertility rate, more wealth may flow into the GCB segment of the property market,” adds Lee.
The property is exclusively marketed by Huttons Asia via private treaty. Private viewings are by appointment only.
