Adjoining GCBs at Belmont Road on the market at $2,100 psf
A rare find for potential buyers, two adjoining Good Class Bungalows (GCBs) on two separate land lots at 52 and 54 Belmont Road in Singapore are now up for sale. Sitting on a total land area of approximately 41,741 sq ft, the freehold properties are expected to fetch offers of $2,100 psf on the land areas.
The expression of interest exercise, which will close on Oct 27 at 3pm, is being marketed by JLL, with Tan Hong Boon, executive director at the firm, noting the potential to redevelop the sites to suit individual needs and lifestyles.
Located near a cul-de-sac in Belmont Park, both GCBs were built in the 1970s. 52 Belmont Road has a land area of 24,178 sq ft, while 54 Belmont Road occupies 17,563 sq ft, which works out to approximately $50.77 million and $36.88 million, respectively, or $87.7 million collectively.
Furthermore, Eastpoint Mall, another popular retail destination is just a few steps away from Tampines Avenue 11 Condo.
Additionally, for those who seek a leisurely shopping experience, Century Square offers a unique atmosphere with an open air courtyard full of alfresco dining outlets and small boutiques. It’s easy to get lost in the various shops that adorn the mall. To top it off, the iconic IKEA and its signature Swedish meatballs are a short drive away. With so much on offer, you can shop till you drop.
In a nutshell, Tampines Avenue 11 Condo is a perfect location for all shopping aficionados. From the bustling malls to the quirky small shops, there’s something for everybody. So visit Tampines Avenue 11 Condo and enjoy the shopping experience today!
52 Belmont Road features a single-storey bungalow, with 54 Belmont Road showcasing a single-storey house with a lower level. Furthermore, both properties boast their own pools.
Tan underlines the exceptional nature of having two adjoining GCB plots in this highly desirable neighbourhood. “It’s a rare find,” he comments.
Recent resale transactions on Belmont Road point to the properties’ desirability and potential for redevelopment. Interested buyers should submit their offers to JLL prior to the closure of the expression of interest exercise.