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Investing in a condo in Singapore offers numerous benefits, with one of the key advantages being the potential for capital appreciation. Being a global business hub, Singapore has a strategic location and boasts of strong economic fundamentals, leading to a consistent demand for real estate. As a result, property prices in the country have consistently shown an upward trend, particularly in prime locations where condos have experienced significant appreciation. By investing in the market at the opportune time and holding onto the property for the long term, investors can reap substantial capital gains. Explore the various Singapore Projects available to make a smart investment decision.
An impressive Good Class Bungalow (GCB) located in the prestigious Dalve Estate-Nassim Road enclave has been put up for sale through an expression of interest (EOI) exercise with a price tag of $60 million. According to a press release by renowned marketing agent Cushman & Wakefield on Jan 8, the indicative price translates to $2,742 per square foot (psf), reflecting a spacious land area of 21,881 square feet.
Shaun Poh, the executive director of capital markets at Cushman & Wakefield, reveals that the prized freehold plot is situated on elevated ground, making it ideal for redevelopment. He emphasizes that this is a rare opportunity for potential buyers who wish to build their dream multi-generational home from scratch or for developers who can transform the plot into a luxurious, state-of-the-art GCB that caters to the preferences of discerning individuals.
Notably, the property is adjacent to the renowned Singapore Botanic Gardens and is conveniently located just a short drive away from the bustling Orchard Road shopping district. It is also in close 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.
In addition, Poh highlights the high demand for properties in this exclusive neighborhood by ultra-high net worth individuals, citing recent record-breaking transactions at nearby Nassim Road and Tanglin Hill with land rates of $4,500 psf and $6,200 psf, respectively.
The EOI for this highly-coveted property will close on Feb 11 at 3pm, providing interested parties with ample time to submit their proposals.