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5 April 2012
The bungalow market started on a quiet note this year but activity is starting to gather momentum. Bungalow at Bishopsgate: This two-storey property was recently sold for $27m or about $1,674psf based on its freehold land area of 16,124 sq ft. In GCBA segment, a two-storey bungalow at Bishopsgate was recently sold for $27m or about $1,674psf based on its freehold land area of 16,124 sq ft.
Other deals in GCBAs in Q1 of 2012 include a property at Jalan Kampong Chantek which changed hands at $14.88m or $1,522psf on land area of 9,774 sq ft, and a deal at Chestnut Crescent for $12.08m or $990psf based on the plot size of about 12,200 sq ft.
According to CBRE, the figure for Q4 2011 was $239.7m and that for the whole of 2011, $1.16b (involving 57 deals). More caveats for the first quarter's transactions are expected to stream in over the next few weeks. By some estimates, all in, Q1 2012 is likely to have seen under $200m of GCBA deals.
Outside GCBAs, recent bungalow deals include one at Jalan Tupai near the One Tree Hill area off Orchard Road, where an old single-storey bungalow sitting on a 10,476 sq ft elevated site fetched $21m, reflecting around $2,005 psf on land. Over in the Tanjong Katong area, a single-storey bungalow at Boscombe Road transacted in February at about $21.7m or $1,025psf on land area of 21,167 sq ft. At Lim Tua Tow Road in the Yio Chu Kang area, next to the Space@Kovan project, a freehold plot of 28,675 sq ft comprising three pre-war bungalows was recently sold for $23.6m. In the Sixth Avenue area, Coldwell Banker Realtors has brokered the sale of a semi-detached house at Ming Teck Park for $5.15m ($1,540psf based on land area of 3,343 sq ft).
Over in the upscale waterfront housing district of Sentosa Cove, a three-storey bungalow on Coral Island recently changed hands at $17.68million or $1,821psf on land area of about 9,700 sq ft.
Source： The Business Times
The bungalow market started on a quiet note this year but activity is starting to gather momentum. Bungalow at Bishopsgate: This two-storey property was recently sold for $27m or about $1,674psf based on its freehold land area of 16,124 sq ft. In GCBA segment, a two-storey bungalow at Bishopsgate was recently sold for $27m or about $1,674psf based on its freehold land area of 16,124 sq ft.
Other deals in GCBAs in Q1 of 2012 include a property at Jalan Kampong Chantek which changed hands at $14.88m or $1,522psf on land area of 9,774 sq ft, and a deal at Chestnut Crescent for $12.08m or $990psf based on the plot size of about 12,200 sq ft.
According to CBRE, the figure for Q4 2011 was $239.7m and that for the whole of 2011, $1.16b (involving 57 deals). More caveats for the first quarter's transactions are expected to stream in over the next few weeks. By some estimates, all in, Q1 2012 is likely to have seen under $200m of GCBA deals.
Outside GCBAs, recent bungalow deals include one at Jalan Tupai near the One Tree Hill area off Orchard Road, where an old single-storey bungalow sitting on a 10,476 sq ft elevated site fetched $21m, reflecting around $2,005 psf on land. Over in the Tanjong Katong area, a single-storey bungalow at Boscombe Road transacted in February at about $21.7m or $1,025psf on land area of 21,167 sq ft. At Lim Tua Tow Road in the Yio Chu Kang area, next to the Space@Kovan project, a freehold plot of 28,675 sq ft comprising three pre-war bungalows was recently sold for $23.6m. In the Sixth Avenue area, Coldwell Banker Realtors has brokered the sale of a semi-detached house at Ming Teck Park for $5.15m ($1,540psf based on land area of 3,343 sq ft).
Over in the upscale waterfront housing district of Sentosa Cove, a three-storey bungalow on Coral Island recently changed hands at $17.68million or $1,821psf on land area of about 9,700 sq ft.
Source： The Business Times
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