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Belmont Road GCB to be auctioned in mortgagee sale with S$42m guide price

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A GOOD Class Bungalow (GCB) at 80 Belmont Road will be auctioned next week in a mortgagee sale with a guide price of S$42 million, property consultancy Knight Frank Singapore said on Tuesday. Read more at The Business Times.

The freehold property has a land area of 27,000 square feet. Its sprawling grounds include a covered car porch, lift, swimming pool, playground, basketball court and landscaped garden.The freehold property has a land area of 27,000 square feet. Its sprawling grounds include a covered car porch, lift, swimming pool, playground, basketball court and landscaped garden.

GCBs have a minimum plot size of 1,400 square metres or 15,069 sq ft, according to the Urban Redevelopment Authority.Of these two sales, one was a newly completed, 15,004 sq ft GCB at 63 Belmont Road, which sold for S$39.8 million or S$2,654 psf in June this year. The other was a 15,069 sq ft GCB along the same stretch at 43 Belmont Road, also newly completed, which transacted for S$33.8 million or S$2,243 psf in August 2018.

 

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