According to resources, the acquisition rate was $40.5 million ($ 2,517 psf), as well as the offer is stated to be brokered by Knight Frank.
The Good Class Bungalow (GCB) has been very active in recent months, with 3 transactions done above $40 million over the previous month. The most current is a Good Class Bungalow sitting on a 29,435 sq feet, property website at Bishopsgate sold for $65 million ($ 2,208 psf). The GCB at Bishopsgate that recently changed hands for $65 million rests on an estate website of 29,435 sq ft.
The GCB at Coronation Road West recently altered hands for $47.288 million.
The Good Class Bungalow (GCB) has been very active in current months, with 3 transactions done above $40 million over the past month. The most up to date is a Good Class Bungalow resting on a 29,435 sq ft, freehold website at Bishopsgate cost $65 million ($ 2,208 psf). It’s an old, single-storey bungalow that is set back from the main road, shrouded by trees. The GCB is likely to be taken apart and also redeveloped.
At Coronation Road WestRoadway another GCB an additional said to stated changed have actually altered $47.288 million ($ 1,661 psf).
The buyer is Lim Wan Looi, spouse of Fragrance Group owner and exec chairman James Koh, that has actually gotten on a buying spree of cottage websites this year, beginning with the acquisition of a 25,272 sq ft, freehold GCB plot for $24.8 million on Lornie Road in Caldecott Hill Estate in January, based upon a caution lodged with URA Realis. Prior to that, he bought a 21,046 sq ft, estate bungalow website at Hillside Drive for $19.25 million ($ 915 psf), according to a caution lodged last September.
At Cornwall Gardens, off Leedon Road, a GCB resting on a freehold site of 16,089 sq ft is stated to have actually just transformed hands recently also. The GCB designed by Chang Architects is said to have 6 rooms, a gym, entertainment areas, a collection as well as several dining-room. It also has a roofing garden, yard yard, swimming koi, swimming pool and also falls pond.
At Coronation Road WestRoadway another GCB is said to claimed changed have actually transformed $47.288 million ($ 1,661 psf). The bungalow sits at the corner of Coronation Road West and also Holland Road.
The award-winning bungalow was thought to be completed sometime in 2015. A home title search reveals that the cottage is currently had by Esmond Choo, director of UOB Kay Hian who retired at the end of April this year.
The GCB at Bishopsgate that just recently altered hands for $65 million rests on a property site of 29,435 sq ft.