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News - Detailed News Story

Belmont Road GCB relaunched for sale at lower guide price

05 Aug 2019 09:00

80 Belmont Road is a two-storey GCB with a gross floor area of 15,714 square feet, and sits on a two-tiered land with a lift, playground, basketball court and swimming pool. PHOTO: KNIGHT FRANK

By Fiona Lam

fiolam@sph.com.sg

THE sprawling Good Class Bungalow (GCB) at 80 Belmont Road owned by The Stratech Group's Chew family has been relaunched for sale by private treaty after it failed to sell at an auction. It now has a lower asking price of S$40.8 million.

The freehold property was first put up for sale during an auction held on July 23 at Amara Singapore hotel, with a S$42 million guide price.

Marketing agent Knight Frank said on Friday that the property is valued at S$42 million.


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Source: Business Times
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