TL;DR
A $55.5M Good Class Bungalow sale on Belmont Road (
District 10) — plot size, land PSF, tenure, and what it signals.
A Good Class Bungalow on Belmont Road in District 10 transacted for $55.5M in August 2022. The plot spans 2,508 sqm (27,000 sqft) of land at $2,055 psf on land area — placing it among the island's landmark landed deals.
Why This Deal Matters
Good Class Bungalows are Singapore's most exclusive homes — plots of at least 1,400 sqm, capped at two storeys, confined to 39 gazetted GCB Areas, and (for the landed plot) restricted to Singapore Citizens. Fewer than 2,800 exist island-wide, so any $20M+ transaction is a market signal for the top end of the residential market.
FAQ
How much did the Belmont Road Good Class Bungalow sell for?
It transacted for $55.5M in August 2022, on a 2,508 sqm plot ($2,055 psf on land).
Can foreigners buy a Good Class Bungalow?
No.
Landed property in a gazetted GCB Area is reserved for Singapore Citizens; Permanent Residents require Land Dealings Approval Unit (LDAU) approval, granted only in exceptional cases.
What makes a bungalow a 'Good Class Bungalow'?
A GCB sits in one of 39 gazetted GCB Areas on a plot of at least 1,400 sqm, is capped at two storeys, and follows strict
URA planning rules that protect the low-density character of these neighbourhoods.
Frequently Asked Questions
How much did the Belmont Road Good Class Bungalow sell for?
It transacted for $55.5M in August 2022, on a 2,508 sqm plot ($2,055 psf on land).
Can foreigners buy a Good Class Bungalow?
No. Landed property in a gazetted GCB Area is reserved for Singapore Citizens; Permanent Residents require Land Dealings Approval Unit (LDAU) approval, granted only in exceptional cases.
What makes a bungalow a 'Good Class Bungalow'?
A GCB sits in one of 39 gazetted GCB Areas on a plot of at least 1,400 sqm, is capped at two storeys, and follows strict URA planning rules that protect the low-density character of these neighbourhoods.
Methodology
Sourced from URA caveats. We count only Detached homes on gazetted GCB streets with a plot of 1,400-5,000 sqm (the upper cap excludes en-bloc / whole-site sales) transacting at \$20 million or more. GCB Area assignment uses our internal street→area gazetteer.
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