According to a news statement from Feng Shui Singapore, PropNex Realty, a Good Class Bungalow on Lermit Road, which is off of Nassim Road, has been put up for sale with an estimated price of $137.2 million on the auspicious date. The house will be sold through a private deal.
The Bazi reading is in the Cluny Park GCB Area, and the house is on a 29,818-square-foot plot. So, the estimated price comes out to $4,600 per square foot (psf) for the land area. The private independent house was built in the 1990s. It has a swimming pool and a two-story building with a car park in the basement.
Henry Benjamin Lim, Head of Good Class Bungalows and Prestige Landed at PropNex, says that “Lermit Road in the Nassim planning sub-zone in the prized District 10 is one of the landed residential enclaves in Singapore that are known for their luxury and exclusivity.”
He also says that there are only 16 separate houses on Lermit Road and that large homes with a land area of more than 16,140 sq. ft. (1,500 sq. m.) rarely change hands. In the last 30 years, only one unit has been sold twice.
Lim says that the GCB for sale is a rare chance for people with a lot of money to buy a big private living property in one of Singapore’s most desirable areas. “In the past few years, a number of GCBs on nearby Nassim Road have sold for more than $100 million to $200 million each, which shows how valuable these properties are and how much people want them,” he says.
The Singapore Botanic Gardens and the Napier MRT stop on the Thomson-East Coast Line are both near the GCB on Lermit Road. The Dempsey Road leisure area, Tanglin Mall, the Gleneagles Medical Centre and Hospital, and Napier Road are all close to the site.
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