The Oei Tiong Ham Park GCB is now available for purchase at S$42.8 million. This luxurious property, with a substantial land area of approximately 15,000 square feet, is located in a prestigious neighborhood known for its spacious plots. Its prime location offers excellent connectivity to the central business district and access to top-tier schools. Buyers may find the potential for customization and investment appealing, but what other factors could enhance its desirability?
Oei Tiong Ham Park, a prestigious Good Class Bungalow (GCB) enclave, has recently been listed for sale, attracting considerable attention from potential buyers. Priced at S$42.8 million, this property boasts an expansive land area of approximately 15,000 square feet, making it a prime candidate for those seeking luxury living in one of Singapore's most exclusive neighborhoods.
The GCB area is renowned for its spacious plots, lush greenery, and proximity to various amenities, which enhance its appeal to affluent buyers. The listing comes at a time when the luxury real estate market in Singapore is witnessing a resurgence, driven by high demand and limited supply.
Oei Tiong Ham Park, located in the Bukit Timah district, is particularly coveted due to its serene environment and excellent connectivity to the city's central business district. The region is characterized by its elegant architecture and tranquil surroundings, making it an ideal location for families looking for a prestigious address.
Potential buyers are drawn to the property not only for its size but also for the opportunity to customize their dream home, as the area allows for significant renovation or redevelopment. The GCB status provides owners with the freedom to create bespoke living spaces while adhering to specific guidelines that maintain the neighborhood's aesthetic appeal.
This flexibility is further enhanced by the surrounding amenities, which include top-tier schools, shopping centers, and recreational facilities, all within easy reach. As interest in the property grows, real estate analysts are closely monitoring the market dynamics surrounding this listing.
The sale of Oei Tiong Ham Park could set a precedent for future transactions within the GCB sector, particularly if it fetches a price that exceeds expectations. With potential buyers considering the long-term investment value of such prime real estate, the outcome of this listing could have significant implications for the luxury housing market in Singapore.
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News Source: Edgeprop