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Convicted Hin Leong founder OK Lim to sell his third GCB for $43 mil
The GCB on Tanglin Hill is the third landed home that OK Li has been forced to sell. (Picture: Samuel Isaac Chua/The Edge Singapore)A third Good Class Bungalow (GCB ...
EdgeProp via Yahoo
2 days ago
There Are Reasons To Feel Uneasy About Guan Chong Berhad's (KLSE:GCB) Returns On Capital
Put simply, these types of businesses are compounding machines, meaning they are continually reinvesting their earnings at ever-higher rates of return. In light of that, when we looked at Guan ...
Simply Wall St. via Yahoo
4 days ago
Find out the 39 gazetted GCB areas in Singapore, where only about 2,700 exclusive bungalows are located. See the map and links to the locations of each GCB area.
Jun 18, 2020 · What Are Good Class Bungalows? Good class bungalows, or commonly known as GCBs, are the most prestigious and exclusive type of landed housing in Singapore. Whilst most know that GCBs are super large and luxe homes for the wealthy, there are actually two things that distinguish GCBs from the ‘normal’ bungalows in Singapore: size and location. 2.
- What Is A Good Class Bungalow (Gcb)?
- You Have to Be A Singapore Citizen to Buy A Gcb
- Why Are Gcbs So Sought After?
- Where Do You Find The Cheapest and Most Expensive Gcbs?
- But Will They Become Cheaper in A Downturn?
- Frequently Asked Questions
The Good Class Bungalow, commonly called GCB in short, belongs to the highest end of Singapore’s residential property market. To qualify as a GCB, the property must have at least 1,400 square metres (approx. 15,070 sq.ft.) of land area, and the bungalow itself is limited to a maximum of two storeys in height. That’s not all: The GCB must also be lo...
The ‘Singaporean buyer only’ rule for the purchase of landed property has been the law since 2012. The government did this to prevent foreigners from accumulating freehold land in Singapore without special approval by the Singapore Land Authority’s Land Dealings Approval Unit (LDAU). (Otherwise, they can set up a sovereign state if enough foreigner...
The reasons should be pretty self-evident. A GCB is a major status symbol, and it’s not common to find (and own) so much space in Singapore. Besides there being a limited number of GCBs available, there’s no other property that provides as much privacy as a GCB; your neighbour isn’t typically within view, your home is in an ultra-low density area, ...
It’s hard to say if you go by area. GCBs are such unique and individual properties, that it’s quite possible for two of them in the same district to fetch prices as much as $10 million apart. That said, a contender for the most expensive GCBs in Singapore would be along Nassim Road in District 10. The most expensive GCB to date was sold here, for $...
As we’ve pointed out above, they may even go up in price in a downturn, as was the case in the volatile period between 2017 and 2018. This is because investors may be more willing to place their wealth in real estate–especially rare properties like GCBs–rather than stocks and bonds. As for mortgagee sales, you can more or less forget about it. The ...
What exactly is a Good Class Bungalow (GCB) and what are its characteristics? A Good Class Bungalow (GCB) is a type of high-end residential property in Singapore. To qualify as a GCB, a property must have a land area of at least 1,400 square metres and be located in specific prime residential districts. GCBs are typically limited to two storeys in ...
May 28, 2020 · Good class bungalows belong to the highest and most prestigious type of landed housing in Singapore because of the planning constraints imposed by the authorities. The term “Good Class Bungalow” is actually an URA planning term. There are approximately 39 residential areas designated as Good Class Bungalow Areas GCBA.
Jan 6, 2022 · GCBs are rare, spacious and exclusive landed properties in 39 gazetted areas in Singapore. Learn about the market trends, prices, outlook and appeal of GCBs in this buyer's guide by PropNex Research.
Jun 21, 2024 · The tender for the GCB will close on July 19. Mr Samuel Eyo, managing director of Lighthouse Property Consultants, said the guide price of $43 million, or $2,751 per sq ft (psf), is a fair price ...
For the uninitiated, Good Class Bungalows comprise a category of about 2,800 landed homes built in 39 gazetted areas at some of Singapore’s most exclusive addresses. They are mostly clustered in the Orchard, Holland and Bukit Timah areas, including Chatsworth, Leedon Park and King Albert Park.
