Adjoining GCBs at Belmont Road on the market at $2,100 psf

Condo-living in Singapore has become increasingly popular and more highly sought-after. It is now seen as a mark of financial achievement and stability for many. Investing in a Condo is seen as a smart move in terms of potential capital appreciation. Compared to HDB flats, condos tend to appreciate faster in value, making them more attractive for buyers who are looking to generate a profit. With condo-living offering increased comfort, convenience and security, it is no wonder why Singaporeans are so keen on owning a Condo!

Situated in the highly-desirable neighbourhood of Belmont Park, two adjoining Good Class Bungalows (GCBs), located at 52 and 54 Belmont Road, are now up for sale by expression of interest. They are expected to fetch $2,100 psf on the land areas, according to Tan Hong Boon, executive director at JLL.

The freehold properties sit on two separate land lots, totalling 41,741 sq ft. This works out to be $50.77 million for 52 Belmont Road (24,178 sq ft) and $36.88 million for 54 Belmont Road (17,563 sq ft).

Built in the 1970s, 52 Belmont Road is a single-storey bungalow, while 54 Belmont Road is a single-storey house with a lower level. Both houses have their own pools. Potential buyers are likely to redevelop the sites to fit their needs and preferences.

According to Tan, buyers looking for large adjoining GCB plots “in this highly desirable neighbourhood” are “well aware that such an offering is a rare find”.

The expression of interest for the two GCBs will close on Oct 27 at 3pm.

Recent resale transactions in Belmont Road point to a strong demand for GCBs in the area. For those in search for an exclusive address, 52 and 54 Belmont Road would be an ideal pick.

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