Singapore: Good Class Bungalow Market Tepid

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(Source: The Straits Times, 6th July 2017)  The Good Class Bungalow (GCB) market remains lukewarm as a whole even amidst gradually increasing sales of smaller units. To provide further insight, the total number of bungalows in GCB areas with a minimum plot size of 1,400 sqm sold in the first half of 2017 was 1 down from the 11 sold in the same period last year, standing at 10 units. It could be considered that this slowdown in GCB transactions could possibly be a result of the lack of available good stocks of GCBs for sale.

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