Top good class bungalow buys in S'pore this year

(Clockwise from left) Mr Lee Hsien Yang's bungalow at Caldecott Hill, Nanofilm Technologies founder Shi Xu's wife's property in Nassim Road and Grab co-founder Anthony Tan's freehold property in the Bin Tong Park GCB area. PHOTOS: ST FILE
New: Gift this subscriber-only story to your friends and family

SINGAPORE - Landed property sales in good class bungalow (GCB) areas, the most exclusive segment of Singapore's residential market, have again come under the spotlight, with the latest sale in the Caldecott Hill GCB area by Mr Lee Hsien Yang and his wife, Mrs Lee Suet Fern.

These trophy assets tend to be in hot demand because of their long-term investment value and rarity in the housing market. There are less than 3,000 GCBs in 39 gazetted GCB areas in Singapore, which is less than 1 per cent of total private housing stock, according to JLL.

Already a subscriber? 

Read the full story and more at $9.90/month

Get exclusive reports and insights with more than 500 subscriber-only articles every month

Unlock these benefits

  • All subscriber-only content on ST app and straitstimes.com

  • Easy access any time via ST app on 1 mobile device

  • E-paper with 2-week archive so you won't miss out on content that matters to you

Follow ST on LinkedIn and stay updated on the latest career news, insights and more.