A luxurious Good Class Bungalow (GCB) located in the prestigious Dalve Estate-Nassim Road enclave is currently on the market, being offered for sale through an expression of interest (EOI) exercise with an indicative price of $60 million. As stated in a press release by Cushman & Wakefield on Jan 8, the price amounts to $2,742 per square foot (psf), taking into account the large land area of 21,881 square feet.
Executive director of capital markets at Cushman & Wakefield, Shaun Poh, highlights the appeal of the freehold plot being situated on elevated ground, making it an ideal location for redevelopment. Poh states, “It presents a perfect opportunity for buyers looking to build their dream multi-generational home from scratch, or for developers to transform the plot into a luxurious, state-of-the-art GCB catered to the needs of discerning individuals.”
The property boasts a prime location, being adjacent to the renowned Singapore Botanic Gardens and just a short drive away from the bustling Orchard Road shopping district. It also provides easy access to esteemed educational institutions such as Singapore Chinese Girls’ School, Anglo-Chinese School (Primary), Nanyang Primary School, St Joseph’s Institution, and Hwa Chong Institution.
Poh further emphasizes the highly sought-after nature of the neighborhood, particularly among ultra-high net worth individuals, as evidenced by the recent transactions at Nassim Road and Tanglin Hill, which saw record-breaking land rates of $4,500 psf and $6,200 psf, respectively.
The EOI for this exclusive property will close on Feb 11 at 3pm, providing interested parties with ample time to consider the potential of this one-of-a-kind GCB.