Freehold Detached House In The Holland Park Good Class Bungalow (GCB) Area Put Up For Sale Via Private Treaty For A Guide Price Of $23.8 Million

31 July 2024, Singapore - PropNex today announced that it is exclusively marketing a freehold detached house in the Holland Park good class bungalow (GCB) area which has been put up for sale via private treaty, for a guide price of $23.8 million. The asking price for the prime District 10 property works out to an average of $3,116 psf based on a land area of 7,637 sq ft.

The two-storey bungalow with basement and roof terrace was completed in 2016, and it comprises seven bedrooms and six en suite bathrooms (all bedrooms have balconies), four function rooms which can be used as an office or meeting rooms, helpers' quarters, a 22-metre lap pool, jacuzzi, alfresco dining area, and spacious living spaces that are suitable for hosting social gatherings. The property has a built-up area of 10,000 sq ft spanning the two-storey space and the basement.

It also has an indoor koi pond that runs along nearly the entire length of the house, as well as a rooftop vegetable and fruit garden. In addition, the property has a garage that can accommodate eight cars, with two electric car charging stations. In a nod to sustainability, the bungalow has a solar panel system, rainwater harvesting and automated irrigation system, and biophilic design that harnesses natural light and incorporates greenery to the property. The Holland Park bungalow, which was designed by CHANG Architects has won the MUSE Design Awards in the category of "Architectural Design - Residential" in 2020.

Henry Lim Choon Kheng, Associate District Branch Director, Head of GCB and Prestige Landed, PropNex, said, "This bungalow in the Tanglin planning area presents a unique opportunity to acquire a rare freehold, award-winning property within the Holland Park GCB enclave. It is packed with features and offers a spacious living environment that would be ideal for a multi-generation family. Landed homes in Singapore, particularly freehold ones are sought-after owing to their scarcity and their ability to better retain value over the long-term. Such properties tend to be tightly-held and the supply on the market is also limited."

There have been no caveated freehold private landed housing transactions in Holland Park in recent years. Taking a broader Tanglin planning area, the most recent transaction for a freehold detached house was in Cluny Hill; the bungalow fetched $52 million or $3,434 psf on land area in July, based on URA Realis caveat data.

The Holland Park bungalow that has been listed for sale is near various amenities in the Holland Village and Dempsey Hill lifestyle clusters, and a short distance to the Singapore Botanic Gardens. Meanwhile, Orchard Road is about 10 minutes' drive away, while the central business district and Marina Bay is less than 20 minutes' drive from the property.