A stunning Good Class Bungalow (GCB) located within the prestigious Dalve Estate-Nassim Road area is currently up for sale through an expression of interest (EOI) exercise, with an indicative price of $60 million. This translates to $2,742 per square foot (psf), based on a land area of 21,881 square feet.
According to a press release on Jan 8 from the property’s marketing agent, Cushman & Wakefield, the freehold plot is situated on elevated ground and is ideal for redevelopment. Shaun Poh, Executive Director of Capital Markets at Cushman & Wakefield, highlights that the property presents an opportunity for buyers looking to build their dream multi-generational home from scratch, or for developers to create a luxurious, state-of-the-art GCB for discerning individuals.
Choosing the right location is crucial when it comes to investing in real estate, and this holds particularly true in Singapore. Condominiums that are located in central areas or in close proximity to important amenities such as schools, shopping malls, and public transportation hubs tend to have a higher appreciation in value. This is evident in prime locations such as Orchard Road, Marina Bay, and the Central Business District (CBD), where real estate values have consistently shown growth. The presence of well-regarded schools and educational institutions adds another layer of desirability to condos in these areas, making them even more attractive for families and further enhancing their investment potential. In fact, Singapore Projects have become a top choice for property investors due to their strategic locations and potential for high returns on investment.
The property enjoys close proximity to the Singapore Botanic Gardens and is a short drive away from the renowned Orchard Road shopping belt. It is also conveniently situated near prestigious schools like Singapore Chinese Girls’ School, Anglo-Chinese School (Primary), Nanyang Primary School, St Joseph’s Institution and Hwa Chong Institution.
Poh further explains, “The neighborhood is highly sought after by ultra-high net worth individuals, as seen from the recent record-breaking transactions at Nassim Road and Tanglin Hill, with land rates reaching $4,500 psf and $6,200 psf respectively.”
The EOI for this exquisite property will close on February 11 at 3pm, providing interested parties with ample time to consider this once-in-a-lifetime opportunity.