Two-storey GCB at Belmont Street up for sale from S$42 million

Read on 4 freehold Geylang shophouses in the marketplace for $14 mil

SINGAPORE — A landed, two-storey Good Class Bungalow (GCB) in 80 Belmont Road is defined to be put up for auction .

The sprawling house includes a land area of 27,000 sq feet and floor space of 15,714 sq feet, using its vast grounds such as a covered automobile porch, elevator, swimming pool, playground, basketball court and landscaped backyard.

Belmont Road and neighboring Leedon Road are one of the very sought-after GCB neighbourhoods in Singapore.

Sharon Lee, Head of Auction and Earnings in Knight Frank Singapore, stocks,”GCBs are limited in distribution and accessibility, but a lot of high net-worth people in Singapore are searching for such perfect houses. Given the rarity of a GCB of the size being set up for auction, we expect the answer to be helpful, particularly as Belmont Park GCBs are extremely desired. Over the last year, 2 GCBs in the area were successfully marketed.”

The successful sales incorporate a recently completed, 15,004 sq feet GCB in 63 Belmont Road offered for S$39.8 million ($$2,653 psf) only last month, along with a 15,069 sq feet GCB along precisely the exact same stretch in 43 Belmont Road, that transacted for S$33.8 million (S$2,243 psf) at August 2018. It was likewise a recently completed home.

Retail facilities, eating habits and other conveniences are easily available across Sixth Avenue and Holland Road. The Holland Village dining enclave along with the Singapore Botanic Gardens, plus a UNESCO World Heritage site, are situated nearby.

Access to other areas of the island has been eased by connectivity through the Pan-Island Expressway (PIE) and Ayer Rajah Expressway (AYE).