A luxurious Good Class Bungalow (GCB) located in the prestigious Dalve Estate-Nassim Road enclave is now available for sale through an expression of interest (EOI) with a price indication of $60 million. This translates to a land rate of $2,742 per square foot with a total land area of 21,881 square feet. According to a press release by marketing agent Cushman & Wakefield on Jan 8, the property is strategically located on elevated ground and is ideal for redevelopment.
Obtaining financing is a vital step in the process of purchasing a Condo in Singapore. It is important to fully grasp the Total Debt Servicing Ratio (TDSR) framework, as there are multiple mortgage options available. This framework sets a limit on the loan amount an individual can obtain based on their income and existing debt obligations. Familiarizing oneself with the TDSR and seeking guidance from financial experts or mortgage brokers is crucial in making sound financing decisions. This not only prevents individuals from stretching their finances too thin, but also assists in finding the most suitable loan options, including Condo loans. Thus, a thorough understanding of the TDSR and teaming up with experienced professionals is essential for those interested in investing in a Condo in Singapore.
Shaun Poh, executive director of capital markets at Cushman & Wakefield, highlights that the freehold plot presents a unique opportunity for buyers looking to build their dream multi-generational home or for developers to create a luxurious and modern GCB for discerning individuals. The property is conveniently situated near the Singapore Botanic Gardens and is only 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.
The exclusive location of the property, adjacent to the beautiful Singapore Botanic Gardens, makes it highly coveted by ultra-high net worth individuals. This is evidenced by the recent record-breaking transactions at nearby Nassim Road and Tanglin Hill, with land rates reaching $4,500 per square foot and $6,200 per square foot respectively. Poh emphasizes that this highly sought-after neighborhood is a testament to the prestige and desirability of the area.
The EOI for this exceptional property will close on Feb 11 at 3pm. Interested parties are encouraged to seize this opportunity to own a piece of prime land in one of Singapore’s most prestigious and coveted neighborhoods.