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/Knight Frank

Freehold two-storey GCB on Third Avenue is up for sale for $30m

The location is easily accessible by Pan-Island Expressway and arterial roads.

A two-storey Good Class Bungalow (GCB) at 20 Third Avenue is open for sale through public bidding, which closes on 16 October 2023 at 3 p.m., Knight Frank said.

The indicative price was decided over $2,058 per square foot. The property sits on a 14,576 square feet (sf) plot with a total gross floor area of approximately 10,000 sf.

Third Avenue is easily accessible by major transport nodes such as the Pan-Island Expressway, arterial roads including Bukit Timah Road and Dunearn Road, and Sixth Avenue MRT station which is located approximately 650 metres away. Singapore Botanic Gardens and the Central Business District are also a short drive away.

In the area, there are amenities that will soon be completed such as One Holland Village, Tanglin Mall, and Gleneagles Medical Centre and Hospital. Renowned schools such as Hwa Chong Institution/Hwa Chong International School, Nanyang Girls High School, Methodist Girls' School, Anglo Chinese International School, and United World College of South East Asia (Dover) are also near the property.

20 Third Avenue is Hin Leong group founder OK Lim’s second GCB to be sold in the area, the first being the one at 5 Second Avenue transacted in October 2021 for $33.39m. Both bungalows are among Singapore properties under a court-ordered asset freeze of the Lim family's assets.
 

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