As many as 30 Good Class Bungalows (GCBs) changed hands in 2025 with total consideration exceeding S$1.009 billion, while separate market tallies indicate about 36 GCB sales for the year with transaction value reaching S$1.364 billion, underscoring a firmer turnover than in 2024, when 23 deals were recorded at over S$652.05 million. The dispersion between caveated and broader estimates suggests reporting lags and off-market activity, with some large transactions still in process and thus not yet reflected in caveat registers. PropNex also noted buyer interest was healthy among affluent buyers despite volumes remaining below the 2021–2022 highs.
2025 saw up to 30–36 GCB sales worth S$1.009–1.364 billion, outpacing 2024 amid caveat lags and off-market deals.
Half-year data pointed to steady but selective liquidity. In the public-housing resale market, a $1.7 million HDB sale at SkyTerrace @ Dawson in Queenstown highlighted how central RCR locations near GCB enclaves can also command premium pricing. H1 2025 logged 12 GCB transactions totalling S$375 million, the lowest half-yearly volume since at least 2019, while H2 2025 saw 13 properties sold for a combined S$371 million, marginally lower in value but higher in count. In the wider landed market, activity eased from 1,033 deals worth S$5.5 billion in H2 2024 to 856 deals worth S$4.9 billion in H1 2025, framing the GCB segment’s relative resilience.
Deal flow in H2 2025 was shaped by several headline numbers. A caveated August transaction on Chee Hoon Avenue was recorded at S$55 million, and a September purchase of S$53 million involved the CEO of SingHaiyi Group and Tang Organization. Another GCB along Peirce Road was cited at S$148 million but remained in the process of being sold, illustrating how uncompleted sales can understate turnover. Among the properties entering the market, a freehold plot at 5 Jalan Sampurna in the exclusive Oei Tiong Ham Park GCB Area was listed for S$42.8 million.
Pricing metrics stayed broadly stable, even as marginal softening occurred. Average unit pricing on land in H2 2025 was S$2,139 psf, slightly below H1 2025’s S$2,148 psf, yet above the S$2,017 psf seen in H2 2024, placing the estimated 2025 average at S$2,134 psf. The top caveated deal achieved S$3,955 psf on a 13,906 sq ft plot, reinforcing the dispersion between trophy lots and the broader market. Participation reportedly improved toward year-end as financing conditions strengthened and tariff-related uncertainty eased, bringing back high-net-worth buyers whose decisions had been delayed by volatility, while scarce supply and rising wealth continued to support near-term price resilience. Interest in GCBs remained healthy despite moderated volumes, with ultra-high-net-worth individuals and business owners sustaining demand locally.
