Sales of Good Class Bungalows are quite rare. In the past five years, for instance, just 174 Good Class Bungalow transactions have been tracked by property firm JLL - on average only a few dozen a year.
Some Good Class Bungalows have vast grounds.
One at 35 Ridout Road, which changed hands in May last year, covers 73,280 sq ft - about the size of a football field. It went for $91.7 million or $1,251 a square foot.
JLL data showed that 2P Bishopsgate had the highest per square foot pricing of all Good Class Bungalowdeals in the last five years at $2,190. The 15,070 sq ft Good Class Bungalow was sold for $33 million in May last year.
While these posh homes are sought after, finding a buyer is not always easy. A company controlled by Wing Tai chairman Cheng Wai Keung and his wife put a Good Class Bungalow at 33 Nassim Road up for sale in April 2013. The 84,839 sq ft site - with a selling price of $250 million to $300 million - is not yet sold.
One high-profile Good Class Bungalow deal was closed recently, when developer OUE bought two plots in Nassim Road from the British government for $56.58 million.
Upmarket developer Simon Cheong also sold a two-storey Good Class Bungalow on a 16,750 sq ft plot in King Albert Park for $25 million in January.
So far this year, 19 Good Class Bungalows have been sold with a total value of $470 million.
JLL announced on Tuesday that it is marketing a large Good Class Bungalow at 17 Leedon Park, which has a price tag of $70 million to $75 million.
Wong Siew Ying