Nestled in the heart of the prestigious Oei Tiong Ham Park, the bungalow at 5 Jalan Sampurna offers an exceptional opportunity for buyers seeking a luxurious residence or a prime investment. This freehold corner plot spans an impressive 14,982 square feet, featuring a 37-meter street frontage and a favorable depth of 32 meters. With a guide price of $42.8 million, the land rate stands at approximately $2,800 per square foot, making it a tantalizing venture for discerning investors.
Located in the coveted District 10, this property lies within an exclusive Good Class Bungalow Area (GCBA), ensuring that it is surrounded by a number of equally prestigious homes. The only GCBA named after an Asian man, the proximity to Holland Village and Holland Road guarantees not only convenience but also a lively neighborhood atmosphere. Residents can bask in the serenity of nearby green spaces and parks, striking a harmonious balance between urban living and natural beauty. This towering property has the potential for expansive outdoor area with beautifully landscaped gardens.
Situated in the prestigious District 10, this property offers a blend of luxury living and vibrant community charm.
The GCB market is thriving, as evidenced by data indicating that the sales volume doubled in 2024 compared to the previous year, with a staggering total transaction value of $1.15 billion. The market is characterized by limited supply, with fewer than 3,000 GCBs in Singapore, presenting a rare chance for buyers interested in a lucrative investment. Despite increased Additional Buyers Stamp Duty rates affecting the broader market, many transactions in this segment exceed $2,000 per square foot, highlighting the upward trend in values.
For those eyeing redevelopment, the current bungalow, built in the 1980s, covers about 10,000 square feet and presents numerous opportunities for creating a modern masterpiece. The property boasts an efficient site configuration, ensuring that the future residence can offer both privacy and serenity amidst the vibrancy of urban life.
With easy access to major expressways, the Central Business District, and the Orchard Road shopping belt, this location is not just about luxury; it's about lifestyle. Marketed exclusively by Savills Singapore, the expression of interest exercise for this exceptional property is set to close on April 10, 2025, inviting both local and foreign buyers to contemplate making it their own.
