S$105.3m Nassim deal is highest for GCBs

Singapore

IN what is believed to be the biggest transaction in absolute price terms in a Good Class Bungalow (GCB) Area, a two-storey bungalow in Nassim Road near the Botanic Gardens was transacted earlier this year for S$105.3 million.

This works out to S$2,477 per square foot on the freehold land area of 42,515 sq ft in the plush locale.

The Business Times understands t…