Bungalow on Woollerton Drive on the market for $30.33 mil

It is not surprising that the two-storey detached house situated within the Gallop Road/Woollerton Park Good Class Bungalow (GCB) area is drawing attention from high net-worth individuals. With a guide price of $30.33 million and located in an area of lush greenery, 4 Woollerton Drive has a wealthy potential buyer base.

This 11,000 sq ft home, situated on a 24m frontage and 30m depth, was completed in 2015 and is now being put on the market at around $3,796 psf, based on its 7,991 sq ft land area. Not only will the new owners be able to take advantage of views of the surrounding greenery, they will also be able to enjoy luxurious living in a timeless asset.

Huttons, the marketing agent for the property, notes that the bungalow was designed to house multiple generations with comfort and was built at a cost “exceeding $6 million.” It features seven en suite bedrooms, spacious living and dining areas, entertainment and family areas, a wine cellar, and a large basement car porch.

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Suzie Mok, the marketing lead for 4 Woollerton Drive, mentions that although the home is move-in ready with minimal renovations, the potential buyer should not expect to find these types of bungalows in the area very often. She further states that the property is expected to draw keen interest as these assets hold ever-rising interest.

The tender for 4 Woollerton Drive will close on Aug 18 at 3pm; however, the success of the sale could be indicative of the future of Singapore’s Good Class Bungalow areas. The owner of the property bought the site in August 2012 at $12.44 million ($1,571 psf), so the potential for considerable returns is available.

Good Class Bungalows are highly sought-after and with the example of 4 Woollerton Drive, you can see for yourself why. With their luxurious living and lush surroundings, these WCG properties will continue to draw the interest of high net-worth individuals, allowing their owners to reap considerable returns.