Two Storey Dalvey Estate Gcb Sale Tender 47 Mil
A luxurious Good Class Bungalow (GCB) in the distinguished Dalvey Estate GCB area has been put up for sale through tender, with a guide price of $47 million. The freehold property boasts a land size of approximately 15,555 sq ft, translating to a guide price of approximately $3,022 psf.
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Exclusive marketing agent Knight Frank has described the beautiful property as a Victorian-style, two-storey house. The first level comprises of commodious living and dining areas, a kitchen, a storage room, as well as the guest bedroom which features an ensuite bathroom. Upstairs, the second floor houses four more bedrooms, each with an ensuite, a family hall, pantry, and another common bathroom. In addition, the property also includes a garden, a large car porch and a covered swimming pool.
The GCB is conveniently located within a kilometer of prestigious schools such as Singapore Chinese Girls’ School (Primary) and St. Joseph’s Institution. It is also within walking distance of Singapore Botanic Gardens and a short drive away from the Orchard Road shopping district.
Knight Frank’s executive director of capital markets in Singapore, Mary Sai, believes that GCBs in prime areas like Nassim Road, Cluny Hill, and Dalvey Estate are highly sought after by ultra-high-net-worth individuals who are looking for a long-term residence in Singapore. These grand properties are also a popular choice for legacy planning and wealth preservation, she adds.
Perfectly positioned within the desirable Dalvey Villas within prime District 10, the property is surrounded by other prestigious GCB neighborhoods such as Gallop Park, Leedon Park, and White House Park – all of which have seen numerous notable transactions, according to Knight Frank.
For instance, a GCB in Leedon Park recently sold for $45.8 million, equivalent to $2,929 psf. Moreover, a detached house sitting on a plot of 15,176 sq ft in White House Park sold for $40 million ($2,636 psf) in April this year.
The most recent landed property transaction in Dalvey Estate was in September, where a GCB sold for $60 million, equivalent to $2,742 psf, on a land size of 21,882 sq ft.
Interested parties are invited to submit their offers through tender, which is scheduled to close on December 6 at 3pm. Be sure to also check out the latest listings for Dalvey Villa properties in the Dalvey Villas condominium project, or compare the rental yield and price trend of New Sale Condos versus Resale Condos in District 10. Additionally, generate a price trend graph for Resale Condos in District 10, and view a list of the most expensive average PSF for condominium projects within District 10.