A Good Class Bungalow (GCB) located within the Dalvey Estate GCB area is up for sale by tender with a guide price of $47 million.

The freehold property occupies a plot measuring approximately 15,555 sq ft. Based on the land area, the guide price works out to around $3,022 psf.

The Victorian-style property comprises two storeys, says exclusive marketing agent Knight Frank. The first floor features living and dining areas, a kitchen, a storage room, and a guest room with an en suite bathroom. Upstairs, four en suite bedrooms, a family hall, pantry and common bathroom occupy the second floor. The property also comprises a garden, a large car porch and a covered swimming pool.

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The property is located within 1km of several prestigious schools such as Singapore Chinese Girls’ School (Primary) and St. Joseph’s Institution. It is also within walking distance of the Singapore Botanic Gardens and just a few minutes’ drive from the Orchard Road shopping belt.

GCBs in prime areas including Nassim Road, Cluny Hill and Dalvey Estate continue to attract strong demand, particularly from ultra-high-net-worth individuals seeking long-term residences in Singapore, says Mary Sai, executive director of capital markets at Knight Frank Singapore. “Such assets remain a top choice for legacy planning and wealth preservation,” she adds.

The property is situated within Dalvey Villas, along Dalvey Estate in prime District 10. It is located near other GCB neighbourhoods, including Gallop Park, Leedon Park, and White House Park, which saw several notable transactions, says Knight Frank.

These transactions include a GCB at Leedon Park, which sits on a 15,636 sq ft freehold plot, and was sold for $45.8 million ($2,929 psf) on March 26. At White House Park, a detached house occupying a 15,176 plot changed hands for $40 million ($2,636 psf) in April.

Meanwhile, the most recent deal for a landed property in Dalvey Estate was the sale of a GCB in September. The property spans a land area of 21,882 sq ft, and was sold for $60 million, or $2,742 psf.

The tender is expected to close on Dec 6 at 3pm.

Check out the latest listings for Dalvey Villas properties