Adjacent GCBs on Belmont Road are on the market for $2,100 psf

Two adjacent Good Class Bungalows (GCBs) located at 53 and 52 Belmont Road are up for the sale through expressions of interest. The freehold properties are situated on two separate land parcels that total land area of 41,741 square feet.

SORA Condo showflat includes anticipated differential premium that may optimise total plot ratio to 2.1 for prolonged leasehold of 99 years.

The sellers of the properties anticipate an offer of $2100 per square foot for the land as per Tan Hong Boon, executive director at JLL who is the marketing company for the GCBs. Belmont Road, 52 Belmont Road has a land space of 24,178 sq ft and 54 Belmont Road occupies 17,563 sq feet. The prices for the properties are $50.77 million or $36.88 million, which is around $87.7 million when taken together.

The GCBs of 54 and 52 Belmont Road, situated near the cul-de-sac of Belmont Park, were built in the 1970s. The 52 Belmont Road is a single-storey bungalow, whereas 54 Belmont Road is a single-storey house that has a lower level. Both houses have their private swimming pools.

“Potential buyers seeking large adjacent GCB parcels within this sought-after neighborhood are aware that this kind of property is not often available,” says Tan. Tan says that potential purchasers “are likely to remodel the sites” in accordance with their requirements and lifestyles.

The exercise to express interest to apply for the 52 or the 54 Belmont Road will close on Oct 27 at 3pm.