Investing in a condo in Singapore boasts numerous advantages, one of the most notable being its potential for capital appreciation. With its strategic location as a global business hub and robust economic foundations, Singapore maintains a constant demand for real estate. Over the years, property prices in the country have consistently risen, with condos in prime locations experiencing significant appreciation. For investors who enter the market at the opportune moment and retain their properties for the long haul, considerable capital gains can be expected. Keep in mind to check out Singapore Projects for your investment opportunities.
A luxurious Good Class Bungalow (GCB) in the prestigious Dalve Estate-Nassim Road enclave is now available for purchase through an expression of interest (EOI) exercise, with an estimated price of $60 million. According to Cushman & Wakefield, the marketing agent for the property, this translates to a price of $2,742 per square foot (psf), taking into account the land area of 21,881 square feet.
Cushman & Wakefield’s executive director of capital markets, Shaun Poh, explains that the freehold plot is situated on a high and elevated ground, making it an ideal location for redevelopment. “It presents a great opportunity for buyers looking to build their dream multi-generational home from scratch, or developers who can transform it into a luxurious and state-of-the-art GCB for discerning individuals.”
Located next to the famed Singapore Botanic Gardens and just a short drive away from the bustling Orchard Road shopping district, the property also boasts a convenient proximity to esteemed educational institutions such as Singapore Chinese Girls’ School, Anglo-Chinese School (Primary), Nanyang Primary School, St Joseph’s Institution and Hwa Chong Institution.
Further adding to its appeal, Poh reveals, “The neighborhood is highly sought-after by ultra-high net worth individuals, as evidenced by recent transactions at Nassim Road and Tanglin Hill with record-breaking land rates of $4,500 psf and $6,200 psf respectively.”
Interested parties are invited to submit their EOI for the property by 3pm on February 11.