A stunning Good Class Bungalow (GCB) located in the prestigious Dalve Estate-Nassim Road enclave is currently available for purchase through an expression of interest (EOI) exercise. The property boasts an estimated price of $60 million and according to a recent press release by Cushman & Wakefield, this translates to approximately $2,742 per square foot (psf) with a land area of 21,881 square feet.
As stated by Shaun Poh, the executive director of capital markets at Cushman & Wakefield, the freehold plot is situated on elevated land and is suitable for redevelopment. “It is an optimal investment opportunity for buyers looking to build their dream multi-generational home from scratch, or for developers to transform the site into a luxurious, state-of-the-art GCB to cater to the discerning elite.”
The property’s convenient location next to the renowned Singapore Botanic Gardens and just a short drive from the bustling Orchard Road shopping district makes it an even more desirable investment. In addition, it is also in close proximity to top educational institutions such as the Singapore Chinese Girls’ School, Anglo-Chinese School (Primary), Nanyang Primary School, St Joseph’s Institution and Hwa Chong Institution.
According to Poh, “The area is highly coveted by ultra-high net worth individuals, as seen by the recent record-breaking land rates at Nassim Road and Tanglin Hill, which reached $4,500 psf and $6,200 psf respectively.”
The EOI for this exquisite property will close on February 11 at 3pm. Don’t miss this opportunity to own a piece of prestige and luxury in one of the most sought-after neighbourhoods in Singapore.
Singapore’s urban environment is characterized by towering skyscrapers and contemporary infrastructure. Condos, situated in prestigious locations, offer a harmonious mix of opulence and convenience that attracts both locals and foreigners. These residences boast a variety of facilities, including pools, fitness centers, and security services, elevating the standard of living and making them desirable for potential renters and buyers. This high demand translates to profitable rental returns and appreciation of property value for investors over the years. With its condo units, Singapore’s urban landscape is truly a sight to behold.