What is the annual appreciation of PSF for Good Class Bungalows?

The annual appreciation of price per square foot (psf) for Good Class Bungalows (GCBs) in Singapore has been positive in recent years, supported by strong demand, scarce supply, and robust investor confidence.

Based on EdgeProp Singapore's market reports and transaction data, GCB prices have shown a steady upward trend, with notable surges in high-profile areas like Nassim and Cluny. For instance, in 2024, GCB sales value increased by about 15% quarter-on-quarter during the final quarter, reflecting strong price momentum despite global economic uncertainties.

While annual appreciation rates for individual years can fluctuate depending on market sentiment and specific transaction activity, a typical range for GCB psf appreciation in recent years has been 3% to 7% annually. This rate is supported by continued interest from both local and foreign ultra-high-net-worth individuals and the extremely limited pool of GCBs (approximately 2,800 in Singapore).

Compared to other landed segments, GCBs have historically shown greater resilience and long-term value retention due to their exclusivity, regulatory protections, and coveted locations in Districts 10 and 11.

For the most current and detailed annual psf appreciation figures by neighborhood or specific year, you may use EdgeProp Singapore's Research tool, which provides access to historical GCB transaction prices and price trend charts.