News Formal

Good Class Bungalow land priced at close to $50M up for auction amid rising market prices

  • 📰 IndependentSG
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

The valuation the agents have assigned to the land, between $46 million to $48 million, significantly exceeds the current benchmark for GCBs.

SINGAPORE: Knight Frank Singapore has announced that a freehold Good Class Bungalow land plot in the prestigious District 10 is up for sale by auction. This announcement comes at a time when the GCB market is witnessing a resurgence in activity following a subdued second half in 2023.

Knight Frank has set the indicative price for this piece of real estate at approximately $4,028 per square foot , translating to a total valuation between $46 million to $48 million. This pricing significantly exceeds the current benchmark, where unit land prices for GCBs have breached $2,685 psf. The renewed vigor in the GCB market is evident, with five deals amounting to $291.39 million already transacted this year. This follows a period of muted performance in the latter half of 2023, indicating a rebound in interest and investment in these high-value properties.

 

コメントありがとうございます。コメントは審査後に公開されます。
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 9. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

14 Chancery Lane bungalow hits marketpstrongThe property has a guide price of $43m./strong/p pA Good Class Bungalow at 14 Chancery Lane has hit the market with a guide price of $43 million, or $2,038 per square foot./p pKnight Frank is managing the property sale through a tender process, set to close on Tuesday, 25 June, 3:00 PM.
ソース: SBRMagazine - 🏆 13. / 51 続きを読む »