A good class bungalow (GCB) at Chancery Lane is up for sale by tender with an indicative price tag of S$39 million. Built in the 1980s, the freehold property is located within the Bukit Tunggal GCB enclave.
With a land area of 23,932 sq ft, the property could fetch a psf price of S$1,630. The tender was launched today by marketing agent DTZ and is scheduled to close on 9 September.
Following the sale, the new owners are expected to redevelop the site. The bungalow's location makes it accessible to amenities such as the Novena and Newton MRT stations; as well as schools like Anglo-Chinese Primary School, St Joseph's Institution and Singapore Chinese Girls' School.
Nikki De Guzman, Junior Journalist at PropertyGuru, edited this story. To contact her about this or other stories email firstname.lastname@example.org