A rare freehold Good Class Bungalow (GCB) redevelopment plot in the prestigious Oei Tiong Ham Park enclave has been listed for sale, presenting discerning buyers with a coveted opportunity in Singapore’s ultra-luxury real estate market.
Located at 5 Jalan Sampurna in prime District 10, the property spans 14,982 square feet of land, featuring an impressive 37-meter street frontage and 32-meter depth, currently housing a 10,000 square foot residence constructed in the 1980s.
Nestled in prime District 10, this expansive 14,982 sq ft corner plot showcases exceptional dimensions with 37-meter frontage and a classic 1980s residence.
The guide price of $42.8 million translates to a land rate of approximately $2,800 per square foot, positioning this offering within the upper echelon of Singapore’s property market.
The corner plot, situated within the exclusive Oei Tiong Ham Park GCB Area, represents an increasingly rare acquisition opportunity in one of the nation’s most sought-after residential enclaves.
Market indicators suggest ideal timing for this listing, as Singapore’s GCB sector has demonstrated remarkable energy with sales volume doubling in 2024 compared to the previous year. Adding to its investment appeal is the projected property price increase of 4-7% in 2025 across Singapore’s private property market.
The 26 GCB transactions recorded so far in 2024 have amassed a total value of $1.15 billion, marking a substantial 231.6% increase from 2023, driven primarily by younger Singaporean high-net-worth individuals.
Savills Singapore, the exclusive marketing agent, has scheduled an expression of interest exercise closing on April 10, 2025.
While available to both local and foreign buyers, non-citizens would require specific approval to purchase this category of property, in accordance with Singapore’s regulations governing GCB acquisitions.
The property benefits from strategic proximity to Holland Road and Holland Village MRT station, providing convenient access to international schools, premium shopping destinations, and dining establishments.
The area is distinguished as the only Good Class Bungalow Area named after an Asian in Singapore’s luxury residential landscape.
Situated within one of Singapore’s most prestigious residential districts, this offering presents significant potential for redevelopment and customization according to the purchaser’s specifications.
Investment analysts note that the limited supply of GCBs in Singapore, coupled with consistent demand from ultra-high-net-worth individuals, positions this property favorably for long-term value appreciation within Singapore’s stable property market framework.
