A luxurious Good Class Bungalow (GCB) located in the prestigious Dalve Estate-Nassim Road enclave has been listed for sale via an expression of interest (EOI) exercise, with an indicative price of $60 million. The property is currently being marketed by Cushman & Wakefield, as stated in a press release on Jan 8. The indicative price reflects a land area of 21,881 sq ft, equating to $2,742 per square foot (psf).
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According to Shaun Poh, executive director of capital markets at Cushman & Wakefield, the freehold plot boasts of an elevated location, making it ideal for redevelopment. He adds that the property is perfect for buyers seeking to construct their custom multi-generational home or for developers looking to build a luxurious and modern GCB that caters to the discerning tastes of affluent individuals.
The GCB is situated next to the esteemed Singapore Botanic Gardens and is just a short drive away from the bustling Orchard Road shopping district. It is also 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 emphasizes that the coveted location of this property is highly sought after by ultra-high net worth individuals, evident from the recent transactions at Nassim Road and Tanglin Hill where record-breaking land rates of $4,500 psf and $6,200 psf respectively were recorded.
The EOI for this property will close on Feb 11 at 3pm.