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RESIDENTIAL PROPERTY | Staff Reporter, Singapore
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Chart of the Day: Check out the nine GCB sold in H1 2019

16 Jervois Hill at Chatsworth Park went for $30.9m.

This chart from Knight Frank shows the nine good class bungalows (GCB) that traded hands during the first half of the year, with a total transaction price of $211m.

Also read: Chart of the Day: GCB sales crashed 45.3% to $211.9m in H2

Based on the caveats, the most expensive GCB transacted in H1 2019 was 16 Jervois Hill at Chatsworth Park at $30.9m or a unit price per square foot (psf) of $2,032. Knight Frank noted that this was 74.4% higher than the median price psf of $1,166. Accordingly, the GCB was constructed nine years ago with a built-up area of 10,000 sqft.

For transactions of landed homes in GCB areas with an area smaller than 1,400 sqm, the most expensive transaction was 63 Belmont Park, which sold for $39.8m. The sale also represented the overall highest price in terms of both quantum and price psf ($2,653) for H1 2019.

“63 Belmont Park is a newly completed freehold bungalow off Holland Road, indicating how GCBs buyers are still willing to fork out a premium for their ideal property, especially for newer properties,” the report read.
 

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