A GCB located at the junction of Gallop Park Road and Farrer Road in the Gallop Road-Wollerton Park GCB zone is up for sale. The current owners had constructed the two-storey home on the land more than 20 years ago. Offered at an EOI exercise, the land plot spans 14,844 sq ft and has been fixed with a guide price of $32 million, translating to $2,156 psf.

The 6,000 sq ft home consists of a large living area that looks out to a swimming pool in the front area, a dining space and a generously sized kitchen that is connected to a helper’s room and laundry, as well as three en suite bedrooms and two bedrooms that share a Jack-and-Jill bath.

PropNex Realty’s division, JNA Real Estate is overseeing the sale of the property, with vacant possession. Kimberly Lai of JNA Real Estate highlighted that the land area, in addition to the age of the current dwelling made it ideal for redevelopment. The design intends to minimize noise levels due to its location in close proximity to Farrer Road, a major traffic route.

The plans from a contractor offer an example of the design of the potential new home. This two-storey building has an attic, with a gross floor area of about 10,000 sq ft, with a 20,500 sq ft built-up area inclusive of its pool and car porch. The house is positioned furthest away from the road, with the pool and car port closest to the road.

Altura EC Bukit Batok is surrounded by lush tropical greenery and tranquil parks and offers expansive views of nature’s beauty. Its premium residences feature quality finishes, modern appliances and facilities such as a swimming pool, gym and children’s playground, perfect for families and professionals alike. With DTL and LRT stations and countless dining and shopping options nearby, Altura EC Bukit Batok is truly an unbeatable residential property choice.

If the buyer chooses to construct the new dwelling, it can cost anywhere from $6 million to $8 million, depending on the quality of materials used. Alternatively, the buyer can top up the purchase price to include the expense of redeveloping the site and building the new house, at a cost of $40 million and $2,695 psf on the land area.

The last transaction in the Gallop Road-Woollerton Park GCB vicinity took place in March when an 8,646 sq ft site on Woollerton Drive sold for $24.4 million ($2,822 psf). Similarly, in 2022, a GCB at Gallop Park Road, owned by the late family member of Khoo Kay Hian, was acquired for $35.5 million ($2,723 psf).

Strong interest is anticipated for this property due to its location close to reputed schools such as Nanyang Primary School, St Margaret’s (Secondary) and Hwa Chong Institution. The Botanic Gardens, just a five-minute walk away, as well as the nearby Serene Centre and Coronation Shopping Plaza, and the close proximity to Farrer Road MRT Station and Botanic Gardens MRT Station make it a desirable option.

JNA Real Estate expects to receive buyers looking for a luxury home in the sought-after area, as well as newly-minted Singapore citizens; mainly from China and Indonesia who view such homes as a status symbol in the prestigious zone of Cluny Hill, Nassim Road and Cluny Park.

The expression of interest exercise for the GCB at Gallop Park Road will close on June 15 at 11.59pm.

In the Gallop Road-Wollerton Park Good Class Bungalow (GCB) area, a GCB at the corner of Gallop Park Road and Farrer Road is up for sale via an expression of interest (EOI) exercise at a guide price of $32 million. Located in an exclusive neighbourhood in District 10, this property has great potential for redevelopment and a chance to create a truly special home.

The current house on the site has a built-up area of about 6,000 sq ft and sits on a land plot measuring 14,844 sq ft. Over the years, the owners had rented it out to expatriates.

To assist prospective buyers, JNA Real Estate, a division under PropNex Realty and the appointed agency marketing the property, consulted a contractor to draw up plans for a new home. The proposed new build is a two-storey property with an attic and a gross floor area of 10,000 sq ft, with a built-up area of 20,500 sq ft. It has been positioned with a large setback to minimize road noise and ensure privacy, plus a C-shaped layout that ensures most rooms overlook a central courtyard.

The cost of constructing the new home could be anywhere from $6 million to $8 million depending on materials used. Alternatively, the cost of purchasing the property with the new build would be $40 million, translating to $2,695 psf on the land area.

The most recent transaction in the area occurred in March when a bungalow on Woollerton Drive with a land area of 8,646 sq ft sold for $24.4 million ($2,822 psf). Before that, a GCB on Gallop Park Road fetched $35.5 million ($2,723 psf) in March 2022.

Given its proximity to reputable schools, shopping centres and the Singapore Botanic Gardens, as well as the nearness of the MRT stations, this property has great potential to attract strong interest. Not only from local families seeking a luxurious home, but also from newly-minted Singapore citizens from China and Indonesia, who are likely to be more willing to purchase the home for $40 million, inclusive of redevelopment.

The EOI exercise for the property will close on June 15 at 11.59pm.