20 Jul '17, 4am

Strong pick-up in sales of GCBs and Sentosa Cove homes

View of waterfront bungalows in Sentosa Cove. Sales of good class bungalows (GCBs) and Sentosa Cove homes picked up in the first half of 2017 from a year ago, according to a report by List Sotheby’s International Realty, Singapore. Based on caveats lodged with URA Realis, 20 GCBs and seven bungalows at Sentosa Cove were sold between January and June, compared to 14 GCBs and none at Sentosa Cove during the same period last year. At this pace, the GCB market in 2017 could outperform last year’s total sales volume of 37 GCBs. The 20 GCBs sold amounted to an investment value of $432.21 million, up significantly from $298.36 million for the 14 GCBs. SEE ALSO: 10 facts about good class bungalows Leong Boon Hoe, Chief Operating Officer at List Sotheby’s International Realty, Singapore, noted that the GCB market seems resilient to downturns as seen by increased activities during t...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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