A Good Class Bungalow at 80 Belmont Road will be auctioned next week in a mortgagee sale with a guide price of $42 million, property consultancy Knight Frank Singapore said yesterday.The auction will take place at 2.30pm on Tuesday at the Connection Room on Level 3 of Amara Singapore hotel.
The two-storey freehold property has a land area of 27,000 sq ft and floor area of 15,714 sq ft. Its sprawling grounds include a covered car porch, lift, swimming pool, playground, basketball court and landscaped garden. "Given the rarity of a GCB of this size being put up for auction, we anticipate the response to be good," said Knight Frank Singapore head of auction and sales Sharon Lee.
GCBs have a minimum plot size of 1,400 sq m, or 15,069 sq ft, according to the Urban Redevelopment Authority.
Source: Real Estate Daily Report (realestatedailyreport.net)
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