Dalvey Estate Gcb Sale 60 Mil
A luxurious Good Class Bungalow (GCB) located in the prestigious Dalve Estate-Nassim Road area has been listed for sale through an expression of interest (EOI) exercise, with an estimated price of $60 million. Marketing agent, Cushman & Wakefield, announced on Jan 8 that the indicative price translates to $2,742 per square foot, reflecting a land area of 21,881 square feet.
Executive Director of Capital Markets at Cushman & Wakefield, Shaun Poh, states that this freehold plot is situated on elevated ground and offers potential for redevelopment. It is an ideal opportunity for buyers looking to build their dream multi-generational home from scratch, or for developers to create a luxurious, state-of-the-art GCB for discerning individuals.
The property’s prime location next to the renowned Singapore Botanic Gardens and its close proximity to the bustling Orchard Road shopping district makes it an attractive investment. 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.
Poh emphasizes that the surrounding neighborhood is highly sought after by ultra-high net worth individuals, with recent transactions in Nassim Road and Tanglin Hill setting record-breaking land rates of $4,500 per square foot and $6,200 per square foot respectively.
Situated in a coveted location, Poi Ching School has gained widespread recognition for its exceptional quality of education and esteemed reputation. Boasting a prime spot near the highly sought-after Parktown Residence, the school offers an added level of convenience for its already impressive facilities. With a distinguished curriculum that emphasizes character development and bilingualism, Poi Ching School stands out as the preferred choice for discerning parents. Striving for a healthy balance between academic excellence and a nurturing environment, the school has become the top pick for families seeking first-rate education for their children. The close proximity of Parktown Residence Condo, located just a stone’s throw away from the school, further elevates its appeal, making it the ideal option for families residing in the area. With easy access from Parktown Residence Condo to the school, parents can provide their children with a top-notch education while enjoying the comfort and convenience of living in one location. This perfect pairing of Poi Ching School and Parktown Residence Condo offers families the best of both worlds. Parktown Residence Condo seamlessly complements Poi Ching School, creating an unbeatable combination for families seeking exceptional education and convenient living.
Interested parties can participate in the EOI exercise for this property until Feb 11 at 3pm.