Singapore’s bungalow sales regain pace in the rarefied world of the rich amid lull in lockdown as coronavirus cases ebb

In the rarefied world of the rich, transaction activity in the bungalow market has picked up in the past two months.Recently, a Good Class Bungalow (GCB) on Cable Road, located opposite the High Commission of Malaysia in the Jervois area was sold for S$18.9 million (US$13.8 million), or S$1,456 per square foot. The two-storey, five-bedroom detached house with swimming pool sits on a freehold land site of 12,981 sq ft. It was a mortgagee sale, and had been on the market since last year.On…

from South China Morning Post https://www.scmp.com/business/article/3098423/singapores-bungalow-sales-regain-pace-rarefied-world-rich-amid-lull