Third Avenue Good Class Bungalow sold for $26.5m

The property spans 14,576 sq ft with a total gfa of approximately 10,000 sq ft.

Knight Frank announced that it has sold a two-storey Good Class Bungalow (GCB) on Third Avenue.

The property spans 14,576 sq ft with a total gfa of approximately 10,000 sq ft. It is a freehold property put up for sale via public tender in September, sold at $26.5m.

Third Avenue is situated near transport nodes, schools, lifestyle centers, and a hospital.

“The property's prime location in a GCB area drew keen interest. In a fair and transparent tender process, a good selling price was secured. We were able to tap into our proprietary database of Ultra High Net Worth clients to secure the buyer, and to cement our place as a market leader in private wealth.” Mary Sai, Executive Director for Capital Markets at Knight Frank Singapore said.