Two Storey Dalvey Estate Gcb Sale Tender 47 Mil
A prime Good Class Bungalow (GCB) located in the prestigious Dalvey Estate GCB area has been put up for sale by tender, with a guide price of $47 million. The freehold property is situated on a large plot measuring approximately 15,555 sq ft. Based on the land area, the guide price translates to around $3,022 psf.
This beautiful Victorian-style property comprises two storeys and is being marketed exclusively by Knight Frank. The first floor boasts spacious living and dining areas, a fully-equipped kitchen, a storage room, and a guest room with an en suite bathroom. Upstairs, there are four en suite bedrooms, a family hall, a pantry, and a common bathroom. The property also boasts a lovely garden, a large car porch, and a covered swimming pool.
The GCB is located within 1km of highly-regarded schools such as Singapore Chinese Girls’ School (Primary) and St. Joseph’s Institution. The Singapore Botanic Gardens are also within walking distance, while the Orchard Road shopping belt is just a short drive away.
GCBs in prime locations like Nassim Road, Cluny Hill, and Dalvey Estate continue to attract strong demand, especially from ultra-high-net-worth individuals looking for long-term residences in Singapore, says Mary Sai, executive director of capital markets at Knight Frank Singapore. She adds that these properties are favored by those looking to preserve their wealth and plan for the future.
The GCB is located within the exclusive Dalvey Villas, in prime District 10. It is surrounded by other GCB neighborhoods, including Gallop Park, Leedon Park, and White House Park, which have seen several notable transactions recently, according to Knight Frank. For instance, a GCB at Leedon Park that sits on a 15,636 sq ft freehold plot was sold for $45.8 million ($2,929 psf) on March 26. In April, a detached house occupying a 15,176 sq ft plot in White House Park was sold for $40 million ($2,636 psf).
Having schools within the vicinity of a development is a major draw for families who prioritize their children’s education. This is especially true for families considering Rivelle Tampines Sim Lian Land, as the availability of reputable schools in the area eliminates the need for long commutes and allows for more time for rest and extracurricular activities.
The most recent transaction for a landed property in Dalvey Estate was in September, when a GCB with a land area of 21,882 sq ft was sold for $60 million ($2,742 psf).
The tender for this prime GCB is expected to close on Dec 6 at 3pm. Interested parties can check out the latest listings for Dalvey Villas properties, generate a price trend graph for resale condos in District 10, compare the price trend of new sale condos versus resale condos, and view a price trend chart for Dalvey Villas. They can also check out the list of condo projects with the highest average psf in District 10 to get a better idea of the prime location and value of the property.