Lermit Road bungalow owned by family of Dennis Lee’s son on the market at S$98.8 million
The reduced indicative price may test buyer appetite for exceptionally large Good Class Bungalow sites and influence seller expectations for comparable prime freehold properties.
A 29,818 sq ft freehold bungalow on Lermit Road in the Cluny Park GCBA returned to market at S$98.8 million, or S$3,313 psf.
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[SINGAPORE] A bungalow in Lermit Road, in the Cluny Park Good Class Bungalow Area (GCBA), is back on the market – this time with an indicative price of S$98.8 million.
This reflects S$3,313 per square foot (psf) on the freehold land area of 29,818 square feet (sq ft) for the property, which is in proximity of the Singapore Botanic Gardens and Napier MRT station.
On site is a two-storey bungalow, which has a swimming pool and a basement car park; the total built-up area is about 10,000 sq ft.