A beautiful Good Class Bungalow (GCB) located in the prestigious Dalve Estate-Nassim Road enclave has been listed for sale through an expression of interest (EOI) exercise, with an indicative price of $60 million. The exclusive property, as announced in a press release by marketing agent Cushman & Wakefield on Jan 8, boasts a land area of 21,881 sq ft and translates to $2,742 psf.
According to Shaun Poh, executive director of capital markets at Cushman & Wakefield, the freehold plot is situated on elevated ground, making it an ideal location for redevelopment. He adds that the property is perfect for interested buyers who would like to build their dream multi-generational home from the ground up, or developers who see potential in transforming the plot into a luxurious, state-of-the-art GCB for discerning individuals.
The GCB is strategically located next to the iconic Singapore Botanic Gardens and is just a short drive away from Orchard Road, the city’s premier shopping district. Its prime location also puts it in close proximity to renowned schools such as Singapore Chinese Girls’ School, Anglo-Chinese School (Primary), Nanyang Primary School, St Joseph’s Institution and Hwa Chong Institution.
Poh also notes that the neighbourhood is highly coveted by ultra-high net worth individuals, evident from recent transactions at Nassim Road and Tanglin Hill which recorded record-breaking land rates of $4,500 psf and $6,200 psf, respectively. This further adds to the appeal of the Dalve Estate-Nassim Road enclave.
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The EOI exercise for this exquisite property will close on Feb 11 at 3pm, providing interested parties with ample time to submit their bids and potentially secure this highly sought-after GCB.