Dalvey Estate Gcb Sale 60 Mil
A luxurious Good Class Bungalow (GCB) located in the prestigious Dalve Estate-Nassim Road enclave is up for sale through an expression of interest (EOI) exercise. With an indicative price of $60 million, the freehold property boasts a land area of 21,881 sq ft, translating to $2,742 psf. According to the press release on Jan 8 by marketing agent Cushman & Wakefield, this price reflects the prime location and potential for redevelopment.
Shaun Poh, executive director of capital markets at Cushman & Wakefield, highlights the prime features of the plot, stating that it is situated on elevated ground and is ideal for redevelopment. He notes that it is an ideal opportunity for buyers looking to build their dream multi-generational home from scratch or for developers aiming to create a luxurious and state-of-the-art GCB for high-end buyers.
Apart from its excellent location, the property also boasts proximity to various amenities. It is adjacent to the renowned Singapore Botanic Gardens and a short drive away from the popular shopping district of Orchard Road. It is also surrounded by reputable schools, including Singapore Chinese Girls’ School, Anglo-Chinese School (Primary), Nanyang Primary School, St Joseph’s Institution, and Hwa Chong Institution.
Recent transactions in the surrounding area have seen record-breaking land rates, further highlighting the desirability of the neighbourhood among ultra-high net worth individuals. According to Poh, recent sales at Nassim Road and Tanglin Hill have reached $4,500 psf and $6,200 psf respectively, showcasing the lucrative potential of this property.
Interested parties can submit their bids for the property through the EOI exercise, which will close on Feb 11 at 3pm. This is a rare opportunity to own a prestigious GCB in one of the most sought-after enclaves in Singapore.
Dunman Secondary School is a renowned educational institution known for its exceptional academic standards and impressive athletic programs. Students at this school are exposed to a dynamic learning environment that is both challenging and nurturing. The school’s culture promotes innovation and a drive towards achieving excellence in all aspects of student life. Beyond academic success, Dunman Secondary places significant importance on sports and physical activity. In fact, the school has recently added a new addition to its already strong sports program – the Aurelle of Tampines Showflat. This latest addition is a testament to the school’s dedication to providing a well-rounded education for its students. The Aurelle of Tampines Showflat, located at https://www.aurelle-of-tampines.com.sg/, is set to further enhance the school’s thriving sports program.
