Good Class Bungalow Singapore

While Singapore collective sale upswing rolls on, you might not aware that the property market demand in Singapore has been increased steadily over the past 8 months.

The falling prices and the limited supply of landed homes also lead to the increasing number of landed homes sold recently.

A total of 22 good class Good Class Bungalows (GCB) worth S$463.91 million transacted in the first half of 2017.  This shows a phenomenon increase from 14 GCBs worth of S$298.36 million in the same period a year ago, according to a report from CBRE.

Good Class Bungalow

Source: EdgeProp

The sales of good class bungalows (GCBs) and Sentosa Cove homes escalated in the first half of 2017 from a year ago.

Based on URA caveats lodged, 20 GCBs and 7 bungalows at Sentosa Cove were sold in the first half of 2016, which shows a significant increase as compared to 14 GCBs and none at Sentosa Cove during the same period in 2015.

Looking at this trend, the GCB market in 2017 will outperform last year’s total sales volume of 37 GCBs.

Good Class Bungalow, or more commonly known as GCB, is the most prestigious type of landed housing and the highest end of the luxury segment in Singapore’s property market.

Good Class Bungalow

Source: Cushman & Wakefield

Good Class Bungalows are easily worth 8 figures or above. They are usually sold to those who appreciate privacy and exclusivity, including the wealthiest people in Singapore such as business tycoons and real estate developers.

If you want to hunt for a GCB, here are 10 things to know:

1. There are about 2,700 GCBs only situated within the 39 gazetted GCB areas in Singapore.

2.  To be classified as a GCB, the property must have a land area of at least 15,000 sqft (approximately 1,400 sqm) and be situated in the 39 GCB zones.

3.  Good Class Bungalow GCBdesignated areas are mainly located in the prime residential districts of 10 and 11 as well as the bungalow estates in districts 20, 21 & 23.

List of Good Class Bungalow Areas (GCBA)
1 Belmont Park
2 Bin Tong Park
3 Binjai Park
4 Brizay Park
5 Bukit Sedap
6 Bukit Tunggal
7 Caldecott Hill Estate
8 Camden Park
9 Chatsworth Park
10 Chee Hoon Avenue
11 Chestnut Avenue
12 Cluny Hill
13 Cluny Park
14 Cornwall Gardens
15 Dalvey Estate
16 Eng Neo Avenue
17 Ewart Park
18 First/Third Avenue
19 Fort Avenue
20 Fourth/Sixth Avenue
21 Gallop Road/Woollerton Park
22 Garlick Avenue
23 Holland Park
24 Holland Rise
25 Kilburn Estate
26 King Albert Park
27 Leedon Park
28 Maryland Estate
29 Nassim Road
30 Oei Tiong Ham Park
31 Queen Astrid Park
32 Raffles Park
33 Rebecca Park
34 Ridley Park
35 Ridout Park
36 Swiss Club Road
37 Victoria Park
38 Windsor Park
39 White House Park

4.  URA ’s guidelines restrain GCBs from being built more than two-storeys high (plus an attic and a basement). Owners also need to agree not to build a bungalow that consumes more than 35% of the plot size. This is to preserve the exclusivity and prestige of such neighborhoods.

5.  About 65 GCBs Good Class Bungalowshave been gazetted for conservation. Those earmarked for conservation cannot be torn down and rebuilt. A general guide would be that if what you are interested to buy is an older bungalow with colonial architecture, chances are that it could be ear marked for conservation.

6.  Depending on land size and facilities, GCBs can be priced up to $10 million and above. Bungalows with bigger plots and swimming pools can fetch higher prices.

7.  Sales of GCBs are indicative of the health of the property market since investing in multi-million dollar homes means investor confidence is up.

8.  Since 2012 only Singaporeans can buy in GCB areas. Foreigners were previously allowed to purchase such homes subject to permission from the Land Dealings (Approval) Unit, but only if the land area didn’t exceed 15,000 sq ft.

Still, the resale market for the high-end luxury market such as GCB remains slow but steady. A bullish turn is not expected to materialise for the good class bungalow segment.

Despite the steep price, the good class bungalows are still considered good assets to have, thanks to their exclusivity.

Are you looking for a Good Class Bungalow? Let’s give a rating or leave us a message!

Good Class Bungalow Singapore
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6 February 2023
Stephen is very professional and trustworthy agent, he's very responsive and treat all customers with respect. He has put in a lot of effort in making sure my transaction is handled properly, on time and on top of priority. I have already recommended him to my friends that's interested in buying property. Thanks Stephen.
Elwin840808 Elwin
Elwin840808 Elwin
16 January 2023
Stephen really a good agent. I was new to home selling and have heard many about terrible agents. Stephen was professional and he never made me felt uncomfortable. He is professional, experienced and helpful agent. Highly recommend.
Marchelina Vincensia
Marchelina Vincensia
17 August 2022
I’ve met so many property agents in my life but Stephen is really a rare find. If you are looking for someone unconventional, who gives advice based on data and answer all your easy and hard questions tirelessly, then I couldn’t recommend Stephen more. A very hardworking, humble and strategic agent, highly recommend!
Sei Chia Lau
Sei Chia Lau
4 August 2022
Stephen is efficient, responsive and informative. He is able to give us useful advise and guide us patiently. Overall, his service is great👍
Stanley Tan
Stanley Tan
26 June 2022
Stephen is experienced, analytical and views properties comprehensively. This is evident right from the beginning when we chanced upon his informative YouTube videos. He provided us invaluable advice throughout the process of our property purchase. His calm, humble and polite nature made him an approachable professional to discuss the many questions we had. He was patient with his technical explanations as well as his insightful suggestions. He placed our interests first, in the buyers' shoes, gave us space to consider and has never rushed us to make decisions without proper considerations. His attentiveness goes a long way. Stephen carefully planned out the timeline for us and gave us reminders to complete the various items ahead of the deadlines to avoid unwanted hiccups. It was entirely a worry-free process. Stephen even gone the extra mile to meet us at the law firm to show us the way and be in person with us to sign the S&P. He made our property purchase a great buy and an enjoyable experience. Thank you, Stephen.
Leo Lim
Leo Lim
21 March 2022
I would like to send a note of commendation to Stephen Chong for his dedication, professionalism, diligence and patience in handling of property transaction. I would absolutely recommend Stephen Chong to buyers and sellers who are considering to buy or sell their homes.
Lim Ming Hwee
Lim Ming Hwee
26 February 2022
Stephen is a very good agent who goes beyond his way to ensure that his clients are happy. He is very patient and helpful, and will always give good advice.
Joseph Sze
Joseph Sze
24 December 2021
Stephen is a professional & responsible person who has provided good quality customer services to our recent Condo housing purchase & related matters. I found he has put in great efforts and gone for extre miles to assist us in the whole process and related purchase issues. Excellent work, Stephen!👍🏼👍🏼👍🏼
SZ Lim
SZ Lim
20 July 2021
Was going thru Stephen's video when I noticed he had a google review panel up. Going to copy paste my review on his FB page from 2019. I still stand by my review. Stephen was very professional throughout our engagement process. I first engaged Stephen as his effort could be seen thru the videos he made. The videos were informative, detailed, yet easy to understand from a beginners point of view. Could also see the improvement of his videos as time passes, and that speaks volumes about one's character on his eagerness to improve and share. During my engagement with him, Stephen was very professional. Since I was very new in the scene, I required alot of guidance and honesty. Stephen was very upfront with me on many items and did not try to hide any facts from me. As a first time buyer, both good and bad prospects were laid out after his detailed analysis on my current financial condition and also on the projects we went to see. Comparing to other agents who will just blab anything that benefits their sales point, Stephen was straightforward and truthful on the issue. I have met quite a few agents but would highly recommend Stephen to people who are looking for properties, be it looking for a place to stay, or looking for a property to invest.

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