Savills Singapore has successfully brokered the sale of a Good Class Bungalow (GCB) redevelopment plot at 5 Jalan Sampurna for S$31.3m. The sale, announced on 19 August 2026, highlights the continued demand for prime GCB assets despite a more selective luxury property market.
Located in the prestigious Oei Tiong Ham Park GCB enclave, the freehold site spans approximately 14,982 square feet. It features a prominent 37-metre street frontage and a depth of approximately 32 metres, offering an ideal canvas for an architectural masterpiece. The area is known for its exclusivity, low-density housing, and lush surroundings, providing privacy and serenity for Singapore’s elite.
Alan Cheong, Executive Director of Research and Consultancy at Savills Singapore, noted, “Although the number of GCB transactions has apparently been low, this deal shows that for properties located in the better GCB areas, demand is still evident if the pricing is right.”
Nick Chan, Associate Director of Investment Sales and Capital Markets at Savills Singapore, commented on the sale’s significance: “The successful sale of Jalan Sampurna demonstrates the continued depth of demand for quality GCB opportunities in Singapore. Whilst buyers remain discerning, well-located sites with strong redevelopment potential continue to attract meaningful interest.”
The scarcity, prestige, and long-term wealth preservation attributes of GCBs make them one of Singapore’s most coveted residential asset classes. As the market evolves, the demand for such exclusive properties is expected to remain robust, driven by ultra-high-net-worth individuals seeking unique investment opportunities.
