reporter2
03-03-22, 10:36
Good Class Bungalow at Jervois Hill sold for just under $60 mil
EdgeProp Singapore
March 2, 2022
https://i.imgur.com/Z1OMAxF.png
A Good Class Bungalow (GCB) at Jervois Hill was said to have changed hands for just under $60 million. The GCB sits on a freehold site of 15,094 sq ft, which translates to a transacted price of about $3,900 psf. The deal was said to be done just a fortnight ago, although a caveat has yet to be lodged.
Word on the street is that the asking price of the GCB was $65 million or $4,306 psf. It would have hit a new all-time high of $4,306 psf for GCBs had that price been achieved. The record price in psf terms held by the GCB at 2 Cluny Hill, which was sold last May for $63.7 mil- lion or $4,291 psf, remains unbroken for now.
Still, the purchase price of the GCB at Jervois Hill at under $60 million is just 8% to 10% below the asking price. And at $3,900 psf, the GCB at Jervois Hill has certainly set a new benchmark for luxury bungalows in the Bishopsgate, Chatsworth and Jervois GCB enclave.
https://i.imgur.com/Ta3KwZe.png
Interestingly, this same GCB at Jervois Hill had set the previous record psf price for GCBs when it was last sold for $41.2 million ($,2729 psf) in June 2018. The GCB was newly completed then, having obtained its Temporary Occupation Permit in December 2017. It was developed by Singaporean investor-owner-entrepreneur George Lim and designed in collaboration with architect Pau Loh, managing partner of Tellus Design.
The 12,000 sq ft house has three levels, including the basement. Besides the living and dining room as well as the family room on the first level, the house has a dry and wet kitchen fully fitted with Gaggenau appliances. The main feature of the house is the floating sculptural staircase. The second level has five en suite bed- rooms, which come with walk-in wardrobes too.
In the basement is a wall aquarium, large enough for 800 fish. There is also a wine cel- lar, a home theatre, a dedicated games room, and a carpark that can fit 10 cars.
Read more at: https://www.edgeprop.sg/property-news/good-class-bungalow-jervois-hill-sold-just-under-60-mil
EdgeProp Singapore
March 2, 2022
https://i.imgur.com/Z1OMAxF.png
A Good Class Bungalow (GCB) at Jervois Hill was said to have changed hands for just under $60 million. The GCB sits on a freehold site of 15,094 sq ft, which translates to a transacted price of about $3,900 psf. The deal was said to be done just a fortnight ago, although a caveat has yet to be lodged.
Word on the street is that the asking price of the GCB was $65 million or $4,306 psf. It would have hit a new all-time high of $4,306 psf for GCBs had that price been achieved. The record price in psf terms held by the GCB at 2 Cluny Hill, which was sold last May for $63.7 mil- lion or $4,291 psf, remains unbroken for now.
Still, the purchase price of the GCB at Jervois Hill at under $60 million is just 8% to 10% below the asking price. And at $3,900 psf, the GCB at Jervois Hill has certainly set a new benchmark for luxury bungalows in the Bishopsgate, Chatsworth and Jervois GCB enclave.
https://i.imgur.com/Ta3KwZe.png
Interestingly, this same GCB at Jervois Hill had set the previous record psf price for GCBs when it was last sold for $41.2 million ($,2729 psf) in June 2018. The GCB was newly completed then, having obtained its Temporary Occupation Permit in December 2017. It was developed by Singaporean investor-owner-entrepreneur George Lim and designed in collaboration with architect Pau Loh, managing partner of Tellus Design.
The 12,000 sq ft house has three levels, including the basement. Besides the living and dining room as well as the family room on the first level, the house has a dry and wet kitchen fully fitted with Gaggenau appliances. The main feature of the house is the floating sculptural staircase. The second level has five en suite bed- rooms, which come with walk-in wardrobes too.
In the basement is a wall aquarium, large enough for 800 fish. There is also a wine cel- lar, a home theatre, a dedicated games room, and a carpark that can fit 10 cars.
Read more at: https://www.edgeprop.sg/property-news/good-class-bungalow-jervois-hill-sold-just-under-60-mil