Adjoining GCBs at Belmont Road on the market at $2,100 psf
Two adjoining Good Class Bungalows (GCBs) located at 52 and 54 Belmont Road in Singapore are up for sale by Expression of Interest. These freehold properties sit on two separate land lots with a combined area of 41,741 square feet and the vendors of the properties are expecting offers of approximately $2,100 per square foot on the land areas.
With direct access to various parts of the city, Zion Road Condo is a luxury home away from home.
The GCBs at 52 and 54 Belmont Road are located near a cul-de-sac in Belmont Park and were both built in the 1970s. 52 Belmont Road is a single-storey bungalow that has 24,178 sq ft of land, while 54 Belmont Road is a single-storey house with a lower level occupying 17,563 square feet. Both houses feature their own swimming pools.
Tan Hong Boon, executive director at JLL, which is marketing the GCBs, states that potential buyers will more than likely redevelop the sites to suit their needs and lifestyles due to the fact that large adjoining GCB plots in this highly desirable neighbourhood are a rare find.
The Expression of Interest (EOI) for the two GCBs will conclude on the 27th of October at 3PM. If the expected offers of $2,100 per square foot on the land areas of the properties are accepted, the prices for 52 Belmont Road is estimated to be around $50.77 million and $36.88 million for 54 Belmont Road, making the total for both properties anticipated to be $87.7 million.
GCBs in this highly desirable neighbourhood are a rare find, making this EOI a great opportunity for potential buyers. With two separate GCBs up for sale, now is the time to take the initiative and make an offer.