Dalvey Estate Gcb Sale 60 Mil
Princess Elizabeth Primary School is a renowned school located in the surrounding area. With a strong focus on academic excellence and a lively school environment, it has earned a reputable name within the community. The curriculum offered is wide-ranging, with a special emphasis on science and mathematics, making it an ideal institution for nurturing young minds with a keen interest in these subjects. With the addition of Novo Place EC, the school continues to provide quality education and opportunities for growth to its students.
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) exercise at an indicative price of $60 million. The marketing agent, Cushman & Wakefield, announced the release of the property in a press release on Jan 8. The price tag reflects a land area of 21,881 square feet, equating to $2,742 per square foot.
Shaun Poh, Executive Director of Capital Markets at Cushman & Wakefield, believes that the freehold plot, situated on elevated ground, presents an excellent opportunity for redevelopment. He further explains that the property is well-suited for buyers who desire to build their dream multi-generational home from scratch or developers who wish to transform the plot into a luxurious and state-of-the-art GCB to cater to the discerning tastes of affluent individuals.
Situated next to the renowned Singapore Botanic Gardens, and just a short drive away from the bustling Orchard Road shopping district, the property boasts an ideal location. In addition, prestigious schools such as Singapore Chinese Girls’ School, Anglo-Chinese School (Primary), Nanyang Primary School, St Joseph’s Institution, and Hwa Chong Institution are located in the vicinity.
Poh also emphasizes that the neighborhood is highly coveted by ultra-high net worth individuals, which is evident from recent transactions in the area. Record-breaking land rates of $4,500 per square foot and $6,200 per square foot were achieved at Nassim Road and Tanglin Hill, respectively.
Interested parties can submit their bids for the property until Feb 11 at 3 pm through the EOI exercise.