SINGAPORE – Two adjoining freehold good class bungalow (GCB) plots of land in Nassim Road have been put up for sale by the British government.
The first plot of land has a site area of about 18,620 sq ft and the second plot of land is about 15,634 sq ft.
CBRE, which has been appointed the sole marketing agent, said the guide price for the first plot of land is $2,200 psf, while the second piece of land will be priced at $2,000 psf.
If the plots of land are sold at these prices, the combined land parcel could yield $72 million for the British government.
The sale of part of the land at Eden Hall will be done by public tender.
Sales of GCBs in the Nassim Road area are rare.
CBRE noted that the last caveat lodged for a GCB sale at Nassim Road was in February 2012. Over the past eight years, there have been only three GCB sales at Nassim Road, said CBRE.