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- 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.
- Where Can You Find Good Class Bungalows? District. Areas good class bungalows are located in 10 Belmont Park, Bin Tong Park, Brizay Park, Bukit Sedap, Chatsworth Park, Cluny Hill, Cluny Hill, Cluny Park, Cornwall Gardens, Dalvey Estate, Ewart Park, First/Third Avenue, Ford Avenue, Fourth/Sixth Avenue, Gallop Road/Woollerton Park, Garlick Avenue, Holland Park, Holland Rise, Leedon Park, Maryland Estate, Nassim Road, Oei Tiong Ham Park, Queen Astrid Park, Rebecca Park, Ridley Park, Ridout Park, Victoria Park, White House Park.
- Who Can Buy Good Class Bungalows in Singapore? So you may have heard that foreigners and Singapore Permanent Residents (PRs) are restricted from buying landed homes in Singapore (not including Sentosa Cove properties), but this is not entirely true.
- How Much Do Good Class Bungalows Cost? Due to their scarcity and strong status symbol, good class bungalows cost much more than the average bungalow in Singapore.
- Good Class Bungalow Areas in Singapore
- Sheer Size of A Good Class Bungalow in Singapore
- Only Singapore Citizens Can Own Good Class Bungalows in Singapore
- Who Are Some Owners of Good Class Bungalows in Singapore?
- Good Glass Bungalows Have A Good Surrounding Ambience
- Planning Restrictions of Good Class Bungalows in Singapore
- Price Trends of Good Class Bungalows in Singapore
- Potential For Taxes on Capital Gains
- Wide Range of Facilities in Good Class Bungalows
- Owners of Good Class Bungalows in Singapore Usually Don’T Sell Their Homes
The Urban Redevelopment Authority of Singapore (“URA”) considers a bungalow ‘good-class’ if it falls within a Good Class Bungalow area. There are a total of 39 GCB areas, which are as follows: (Source: URA) The above list indicates that many GCBs are located in prime locations. Some of such locations include Cluny Park, King Albert Park and Nassim ...
The sizes of Good Class Bungalows in Singapore are impressive. In fact, URA requires that all Good Class Bungalows have a minimum size of 1,400 square metres. That translates to about a whopping 15,069 square feet per plot. Given the huge land area of each of these GCBs, it’s not surprising that there are only about 2,800 such plots in Singapore.
Since 2012, the government has decided that only Singapore Citizens are allowed to buy and own GCBs. This is likely to prevent undue speculation by foreign investors and driving up of prices of the GCBs. Therefore, a foreigner seeking to buy Good Class Bungalows in Singapore has to become a Singapore citizen first. One such example is Zhang Yong, t...
Most of the owners of Good Class Bungalows are well-known figures of society. This is not unexpected, especially given the sky-high price tags of these properties. The plots of land usually belong to ultra-high net worth families in Singapore and are business magnates. Other than prominent individuals such as Lim Kim San and Zhang Yong mentioned ab...
If you own a Good Class Bungalow in Singapore, you will be able to enjoy great privacy. This is because URA demand that flats, condominiums and other buildings be a certain distance away from the GCB area. In addition, Good Class Bungalow owners can expect to be surrounded by some greenery and can enjoy scenic views. In this regard, there are some ...
There are several planning restrictions of Good Class Bungalows in Singapore. This is not just limited to the minimum plot size of 1,400 square metres and the maximum covered area of 35%. Moreover, Good Class Bungalows must not exceed two-stories in height. URA has implemented this height restriction possibly to distinguish GCB areas from high-rise...
Historically, the prices of Good Class Bungalows in Singapore can range anywhere from slightly over S$15 million to S$100 million. However, on average, it seems that the prices of GCBscan fetch about S$30 million or more. Of course, much depends on the exact size of the plot in question. In addition, it also hinges on what price the land can fetch ...
Usually, the Inland Revenue Authority of Singapore (“IRAS”) does not impose taxes on capital gains on properties in Singapore. However, as you can imagine, some of the capital gains on selling Good Class Bungalows in Singapore can be enormous. In 2018, Madam Chong, also known as the “Queen of Leedon Park” realised a capital gain of S$39.8 million u...
Good Class Bungalows in Singapore are usually equipped with multiple rooms and numerous facilities. It is common to find swimming pools and gardens in these plots of land. There are even properties which contain home theatres, bowling alleys and arcade machines. Take for instance, the facilities of the GCB at 98 Binjai Park(with an estimated value ...
The value of Good Class Bungalows usually appreciate over time. After all, Good Class Bungalows in Singapore are highly sought after plots of land. Affluent families also typically keep these properties for multi-generational family use. As such, most owners of Good Class Bungalows in Singapore don’t sell their homes without good reason. So what ar...
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.
May 22, 2024 · 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.
Good Class Bungalows (GCBs) are landed properties in Singapore that are known for their spaciousness, privacy and exclusivity. They are located in prime residential areas and are highly sought after by those who value luxurious living.
Oct 21, 2022 · Good Class Bungalows, or GCB in short, belong to the highest and most prestigious type of landed housing in Singapore because of the planning constraints imposed by the relevant authorities. Good Class Bungalows are also nestled in very low density zones, which preserves the exclusivity of the environment.
Sep 10, 2021 · Good Class Bungalow Price and Transaction Trends in Singapore. Transaction Trend for Good Class Bungalows. GCBs have always been an asset perceived as a status symbol. Of late, the demand for luxury property in Singapore has been booming and the same can be said for the GCB market.
