More reasonable price expectations from some owners are enticing buyers to re-enter the GCB market.
SINGAPORE - A steady stream of transactions is continuing to surface in the creme de la creme of the Singapore landed housing segment: good class bungalows .
Located in the Queen Astrid Park GCB Area, the bungalow has two storeys and a basement. It has six bedrooms, a swimming pool, a gym and an entertainment room. The total built-up area is in the region of 12,000 sq ft. The Business Times understands that a bungalow in Dalvey Estate, near the Singapore Botanic Gardens, changed hands a few months ago at $57 million, or slightly above $2,990 psf on a land area of nearly 19,050 sq ft.
Mr Teo is a son of the late hotelier and property developer Teo Lay Swee, who used to own the former Cockpit Hotel and open-air carpark site in the Penang Road/Clemenceau Avenue locale, on which now stands the VisionCrest commercial and residential project.
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