What was the largest deal in Singapore’s GCB market in H2 2025?

The sale was worth S$55 million.

Sales of Singapore’s exclusive Good Class Bungalows (GCBs) remained steady in the second half of 2025 (up till 7 Dec 2025), with 13 properties transacting for a combined value of S$371 million, according to PropNex, based on URA Realis caveat data. While transaction volumes have not yet returned to the highs of 2021 and 2022, interest in these trophy homes remains healthy.

The total sales value in 2H 2025 was slightly lower than the S$375 million recorded in 1H 2025 for 12 GCBs. PropNex noted that actual transaction volumes could be higher, as some deals may not yet have been caveated. For example, a GCB in Second Avenue reportedly sold for S$53 million in September 2025 to the CEO of SingHaiyi Group and Tang Organization, while another large GCB along Peirce Road is in the process of being sold for around S$148 million.

Based on lodged caveats, the top deal in 2H 2025 was the S$55 million sale of a bungalow on Chee Hoon Avenue in August. The freehold property, located in the Capitol Park GCB area near the Singapore Botanic Gardens, sits on a 13,906 sq ft plot and was transacted at S$3,955 psf on land area.

Towards the end of 2025, buyer participation increased as financing conditions improved and tariff-related uncertainties eased. High-net-worth individuals and prospective buyers who had previously delayed purchases due to market volatility returned to the market, contributing to sustained sales momentum.

GCB prices remained largely stable in 2H 2025, with the average unit price standing at S$2,139 psf on land area, compared with S$2,148 psf in 1H 2025 and S$2,017 psf in 2H 2024. PropNex expects prices to remain resilient in the near term, supported by scarce supply and rising wealth among Singapore’s affluent buyers.