GCB transactions in First Avenue, Second Avenue, and Third Avenue

In 2025, Good Class Bungalow (GCB) transactions in First Avenue, Second Avenue, and Third Avenue have remained highly active, reflecting the enduring prestige and demand for properties in these prime locations. Sales in these areas have seen prices ranging from approximately S$52 million, with per square foot rates around S$2,600, indicating strong market confidence. These transactions are typically driven by high-net-worth Singaporean buyers, with limited activity from foreigners due to ownership restrictions. The market for GCBs in these avenues continues to be exclusive, with each sale representing a significant legacy asset.