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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.
- 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 ...
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 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 9, 2024 · SINGAPORE (EDGEPROP) – When browsing through property listings, one will undoubtedly come across numerous Good Class Bungalow (GCB) listings. However, what the layman may not be aware of is that a bungalow must meet specific requirements set by URA to be truly considered a GCB.
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.
Jan 6, 2022 · What are Good Class Bungalows (GCBs)? GCBs are sprawling detached landed homes that are only found in 39 gazetted areas (see Fig. 1) in Singapore - usually nestled in prime, lush and tranquil locations, including Cluny Hill, Chatsworth Park, Swiss Club Road, Ridout Park, Oei Tiong Ham Park, and Raffles Park.
