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Good Class Bungalows

Good Class Bungalow

Good Class Bungalows (GCB) ,

with their stringent planning requirements, are the creme de la creme of the housing market, at least on mainland Singapore.

There are only about 2,500 such bungalows in 39 gazetted Good Class Bungalows areas.

Good Class Bungalows (GCB)

are owned by a group of wealthy individuals, who may well own more than one such bungalow. There are an estimated 2,500 Good Class Bungalows in Singapore today. By definition, Good Class Bungalows need to have a plot size of at least 1,400 sq m (15,070 sq ft) and be located in one of the areas zoned for Good Class Bungalows (GCB).

The most expensive Good Class Bungalows are located in the Nassim area (collectively known as Nassion Road GCB area)

Many highly sought after areas include those elegant homes at Bishopsgate, Chatsworth and Rochalie (collectively known as Chatsworth Park),
and those in the Tanglin-Holland vicinity, such as Swettenham and Peirce roads (Ridout Park, Leedon Park, Belmont Park),
as well as Bungalows around the Botanic Gardens, such as Cluny and Dalvey Estate (Dalvey Estate, Cluny Hill and Cluny Park).

Good Class Bungalow areas can also be found in Ford Avenue off Holland Road, along Duchess Road, Brizay Park and King Albert Park, off the popular Bukit Timah Road.

The Good Class Bungalow area boundary extends into Chee Hoon Avenue, Eng Neo Avenue and Swiss Club Road in District 11.

Within district 21, areas designated include the prestigious Binjai Park and Yarwood Avenue and Chestnut Avenue in District 23.   While many people are aware of the beautiful homes of the elites located at the prime districts of 9,10 and 11, not many are aware that Windsor Park – a favourite among the resdients in the North Eastern Singapore – is also a GCB enclave near upper Thomson area.

The below chart indicates the 39 designated Good Class Bungalow areas:Good Class Bungalow

A huge majority of the local Good Class Bungalows (GCB) owners are high profile professionals, businessmen and corporate top management individuals – many of whom could be classified under the Ultra High Networth Individuals.   High net-worth mainland Chinese, Indians , Indonesians and others who have become Singapore Citizens are also buying Good Class Bungalows.

Local players, such as  those upgrading from smaller homes as well as investors who own several Good Class Bungalows, have also been active in the Good Class Bungalow market.

Foreigners need permission from the Land Dealings (Approval) Unit (LDAU) before they can own landed property. On mainland Singapore, the main criteria are that they are Singapore PRs and that they make an adequate economic contribution, though recent experience indicates that the possibility of such approvals has dropped significantly.

Non-PR foreigners may buy landed homes on Sentosa Cove subject to LDAU approval.

Whether on the mainland or on Sentosa Cove, the landed home a foreigner is allowed to buy usually must not exceed 15,000 sq ft in land area, although in some instances, approval has been granted for PRs to buy Good Class Bungalows with land areas slightly larger than this if part of the site is ‘wasted’ – such as a sloping ground which cannot be built on.

Foreigners may at any one time own just one landed home in Singapore and that too for owner occupation only.

On Singapore mainland, foreigners need to hold the property for at least three years before they could resell it. There is no minimum holding period for Sentosa Cove, unlike Good Class Bungalows in Singapore.

Trusted Services For GCB (Good Class Bungalow) Clients

We value the trust that our Good Class Bungalows (GCB) clients have placed with us over the years.

Such trust are earned through our sincere efforts to market their properties and also making sure that every transaction is well taken care of to the finest details.
Their needs and concerns are all addressed professionally with a team of related professionals whom we work closely with – such as architects, lawyers and builders.

Our Good Class Bungalows / Sentosa Bungalows Team consists of a small group of highly trained individuals who had exhibited track records in serving high profile clients with meticulous customer service.

Evolution Of Our Marketing Efforts For GCB (Good Class Bungalow) Clients

All marketing efforts are not spared and we make sure that marketing efforts are aligned with our esteemed clients’ every evolving taste and consuming patterns.

Check out how we have evolved HERE

Private Events For GCB (Good Class Bungalow) Clients

Private clients’ events are also held so that our valued clients are updated with the latest market movements and investment opportunities that are readily available.

We believe in a long lasting professional and cordial relationship with you as our client.

Please contact PK SOH (65) 9697 1131 for a private appointment to discuss your real estate concerns.

sentosa bungalow - Good Class Bungalow

新加坡优质洋房可能变得更贵。它们是投资市场上的常青树,永远只少不多。
优质洋房在新加坡房产市场上享有独一无二地位,由于全国只有约2,500座,这些独立式住宅往往是极度的高档奢华。

它们的典型特点是最小面积达1400平米,即15070平方英尺,并且分布在指定的39个地区。优质洋房市场一直稳定有弹性,因为它们一直是超高净值个人眼中的投资常青树。

在新加坡市区,有地房产稀缺,所以优质洋房被限制供应。从来不会出现过度供应的情况。对买主来说,房价上涨的几率比下跌的几率大。

大多数屋主对自己的优质洋房有很强的持有力,从而减少在市场不好时房价下降的风险,廉价拍卖因此很难发生。这在2009年的经济衰退中的体现尤为突出。

尽管去年的世界经济前景灰暗,但优质洋房市场却一片光明。事实上,过去几年记录的交易总值是自1996年开始数据记录以来最高的,远远超出了市场预期。今年,随着经济基础受到良好有地住宅市场的感染,二者相辅相成,优质洋房的市场前景依然健康。

不久前的金融危机让众多的投资者意识到,和其他投资方式相比,优质洋房相无疑更加稳定,风险更小。有如此乐观的市场行情,优质洋房今年的价格可能会进一步攀升。

 

优质洋房的价格基本山取决于3个因素。

首要因素是地理位置。在新加坡,虽然有39处指定区域有优质洋房,但有的地段会更加的繁荣奢华,例如10和11区就比20,21和23区更高级昂贵。

这就解释了为什么在纳西姆(Nassim),达尔维 (Dalvey) 和东陵(Tanglin) 地区的优质洋房深受欢迎并享有更高的成交额,它们占据了优质洋房市场的主要份额。

第二个因素是房屋所占的土地。要考虑的事项包括地形,地面,房前空地,及进一步细分的可能性。

最后的因素,是实际房子本身,单层或双层,房屋新旧年龄。

多数卖家对房产的持有都有10年左右,都是在价格更低时买的。他们往往拥有多间优质洋房,而目前的利润率很高,他们已经准备好现金要投资其他地区了。

对于买主,有两种类型。一类是30多岁的年轻专业人士,他们买房来自己居住。

在过去,优质洋房买主的典型年龄在45岁左右,但现在不难发现有的买主只有将近40岁。

第二类买主由有超高净资产的个人组成,他们买房为了做长期投资,最后往往把房产传给下一代。
在最近几个月,年轻的专业人士及企业家,以及永久居民,都对优质洋房市场显示出浓厚兴趣,让原本已限制供应的市场,需求上涨。

随着更年轻富裕的购房者认识到优质洋房(Good Class Bungalows)的投资价值,这一供不应求的趋势有望在2018年持续。

Good Class Bungalow

Good Class Bungalow

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