"There are many successful Indonesians, Malaysians and Chinese in Singapore, whose children are studying here and will become citizens. As professor Robert Powell says in his book Singapore Good Class Bungalow 1819-2015: "No one, it seems, can recall precisely how the words came to be chosen or by whom. Good Class Bungalows thus offer more value per square foot and, most importantly, you can build your GCB according to your taste. Owners must also ensure there is sufficient greenery between the plots of land.Eligibility criteria: Since 2012, only Singaporeans have been allowed to purchase them. Search for your new home in the high end good class bungalow comes with the luxurious pool, lift, backyard garden and more additional features where you can indulge.

"It is possible that they may have been called 'Good Class' in order to differentiate them from smaller bungalow plots . Contact Aik Pin at 98331754 to discuss your requirements. “You can also easily build a GCB of up to 30,000 or 50,000 sq ft if you have a large enough land space,” Tan points out.

Others like Far East Organisation CEO Philip Ng buy multiple GCBs for their children.He snapped up two bungalows adjacent to each other at Cluny Road for his family at over $65 million. More recently, Tan has been seeing more bankers, fund managers and construction company bosses-turned-property developers. The second group that make up 40 per cent of his clientele are foreigners, mainly from China and Indonesia, with bulging budgets.They may be newly minted Singaporeans or are still PRs but with children who are citizens. A west-facing rectangular bungalow, part of the development at 23 Gallop Park. No 196900476M. However, foreigners and Permanent Residents (PRs) can apply for approval by the Singapore Land Authority - provided they can prove they have made exceptional economic contributions and will only use the property for their occupation.Well-known GCB residents: Five prominent owners who have snapped up GCBs. Developed in the shape of two wings by K2LD Architects in 2012, it was tenanted at $30,000 before the hotpot king snapped it up in 2016.The Alibaba founder is rumoured to have paid $40m for a home at Victoria Park Close in 2019.

Some own public-listed companies or have just sold them. And some local tenants may rent for two or three years while rebuilding their homes. Good class bungalows belong to the highest and most prestigious type of landed housing in Singapore because of the planning constraints imposed by the authorities. Currently being rebuilt, the official buyer is listed as USB Trustees.This 52,054sq ft GCB at 81 Dalvey Road, formerly owned by the late Lim Kim San, one of Singapore's founding fathers, sold for $93.9 million in September 2018 to an unnamed Singaporean descendent of Tsai Wan-Lin, formerly the richest person in Taiwan.Wing Tai Holdings chairman Cheng Wai Keung sold his property for a record $230 million in 2019. Over 50+ Good Class Bungalows for Sale. Once their children come of age, these wealthy foreigners will buy GCBs. Interestingly, feng shui masters say it is better to live in a landed property and “touch the ground” for better energy. "The first group are your born and bred Singaporeans. Previously owned by fashion tycoon FJ Benjamin, it had a rep for being a party house with a guest list that included footballer David Beckham.The founder of hotpot chain HaiDiLao, bought his 15,884 sq ft home at Gallop Road for $27million. Until they do marry, the spare home is leased out. "Size: It must be at least 15,070sq ft or 1,400 sq m.Location: There are only 39 designated GCBs in Singapore, mostly found in districts 10 and 11, with the rest in districts 20, 21 and 23. ." A super penthouse may offer you a private lift that opens up into your home, but you’ll still run into neighbours in the lift or car park, or while sharing common facilities.Tan is confident that the potential of GCBs will only keep growing in the next five to 10 years. Now, they start at $20 million to over $30 million," observes Tan.Considering the limited supply and hefty price tag, how difficult is it to buy or sell GCBs? Others like Far East Organisation CEO Philip Ng buy multiple GCBs for their children.He snapped up two bungalows adjacent to each other at Cluny Road for his family at over $65 million. The term “Good Class Bungalow” is actually an URA planning term.

According to Mr Tan, 90 per cent of GCBs are bought as family homes or as part of a plan for the future. The plot size of such bungalows are at least 1,400 square meters and the maximum site coverage is at 35%. Firstly, says Tan, most GCBs are freehold properties while about half of the super penthouses, which cost upwards of $35m, in Singapore have a 99-year lease. Owners can also enjoy a huge garden and plenty of parking space - even more so if you build a basement car park - for their supercars.Interestingly, feng shui masters say it is better to live in a landed property and "touch the ground" for better energy. They may be newly minted Singaporeans or are still PRs but with children who are citizens. Most importantly, GCBs provide total privacy.A super penthouse may offer you a private lift that opens up into your home, but you'll still run into neighbours in the lift or car park, or while sharing common facilities.Tan is confident that the potential of GCBs will only keep growing in the next five to 10 years.

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