The Good Class Bungalow market has recorded thirty-four transactions as of this year 2015. This started from the 28 deals that amount to 626 million dollars from the previous year. This was also reported by The Business Times.
GCBs are also regarded as the most prominent type of landed housing located in Singapore. This is also mainly due to the planning constraints executed by the URA. This has actually designated thirty-nine locations in the central Singapore.
As per the latest figure, this is all about the market that shows its best since the year of 2012. This was also when fifty-four GCB’s went through a transaction that amount to 1.7 billion dollars.
The managing director of the Realstar Premier Group named William Wong believed that the GCB prices fell by 10% to 15% since last year.
The Holland/Dalvey is truly an excellent GCB. These were once sold at a price range of 30 to 32 million dollars the previous year. At the present time, these are simply to be fetched at a price of 25 to 27 million dollars.
As per the price drop, this was mainly due to the weaker economic sentiment around the globe and including Singapore. Even owners are believed to be more realistic in their so-called pricing. This is especially for those who have not successfully find a buyer right after advertising their property in the market.
Apart from it, there are only a few of GCB’s transactions that are priced below twenty-million dollars. This simply brought the GCB’s overall asking prices to move up and move down.
As per the prices, they fell by about ten per cent just the previous year. The price also dropped to higher interest rates. These were all stated by none other than Samuel Eyo.
Even though the prices of GCB declined in the year of 2015, there were 2-record price transactions. The first recorded price transaction is the 19.7 million dollar paid for 35 Ridout Road and the 33 million dollar sale of a 3-year old bungalow located in Bishopsgate.
Eyo is expecting that the GCB prices will be dipping by five per cent. But, this is possible if the government does not simplify the cooling measures of the property. This is also in the event that the interest rates still continue to increase.
Wong is also expecting that the GCB prices will continue to fall as per the first half of the year. This is also despite the absence of positive stimulus. A ten-per cent increase is expected in the transaction volumes for the entire year. This is also despite the expectations of sellers and buyers on the pricings.
GCBs are also regarded as the most prominent type of landed housing located in Singapore. This is also mainly due to the planning constraints executed by the URA. This has actually designated thirty-nine locations in the central Singapore.
As per the latest figure, this is all about the market that shows its best since the year of 2012. This was also when fifty-four GCB’s went through a transaction that amount to 1.7 billion dollars.
The managing director of the Realstar Premier Group named William Wong believed that the GCB prices fell by 10% to 15% since last year.
The Holland/Dalvey is truly an excellent GCB. These were once sold at a price range of 30 to 32 million dollars the previous year. At the present time, these are simply to be fetched at a price of 25 to 27 million dollars.
As per the price drop, this was mainly due to the weaker economic sentiment around the globe and including Singapore. Even owners are believed to be more realistic in their so-called pricing. This is especially for those who have not successfully find a buyer right after advertising their property in the market.
Apart from it, there are only a few of GCB’s transactions that are priced below twenty-million dollars. This simply brought the GCB’s overall asking prices to move up and move down.
As per the prices, they fell by about ten per cent just the previous year. The price also dropped to higher interest rates. These were all stated by none other than Samuel Eyo.
Even though the prices of GCB declined in the year of 2015, there were 2-record price transactions. The first recorded price transaction is the 19.7 million dollar paid for 35 Ridout Road and the 33 million dollar sale of a 3-year old bungalow located in Bishopsgate.
Eyo is expecting that the GCB prices will be dipping by five per cent. But, this is possible if the government does not simplify the cooling measures of the property. This is also in the event that the interest rates still continue to increase.
Wong is also expecting that the GCB prices will continue to fall as per the first half of the year. This is also despite the absence of positive stimulus. A ten-per cent increase is expected in the transaction volumes for the entire year. This is also despite the expectations of sellers and buyers on the pricings.