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GCBs or Good Class Bungalows is a term being used by the Urban Renewal Authority (URA) in Singapore for houses that are exclusively categorized as “low-rise”. Most of the owners of GCBs are composed of people who are wealthy Cheap Jordan Staal Hat , usually businessmen and other high-income professionals. GCBs enjoy a very exclusive status in the Singaporean market. They are distributed only within thirty-nine areas with only 2,400 GCB units available in Singapore.


What are the Pros of Good Class Bungalows?


Aside from their strict structure restraints, GCBs are located where the natural features like trees and plants are all preserved Cheap Noah Hanifin Hat , thereby providing a fresh and unpolluted area for you to enjoy living in. Living in GCBs will also let you escape from crowds in Singapore. Aside from living in a very exclusive area, you can also enjoy a long term investment on your GCB. The sales of Good Class Bungalows have remained healthy and have proven to withstand housing and financial crashes. They have also shown an increase in their value as compared to other types of housing.


Reselling won’t be a problem because there is always a strong demand over supply and even be higher than the actual purchase price.


One of the strong qualities of purchasing GCBs is that it is easy to renovate because of its large land area. You can build swimming pools or enlarge the existing built-up area of the house. Gardens are also very popular among GCBs. Although usually Singapore citizens are the only ones who are allowed to purchase GCBs, some bungalow owners still profit from their property by leasing it out to interested clients whether they are for expatriates or even other Singaporeans.


What are the Cons of Good Class Bungalows?


There seem to be almost no disadvantage in owning a GCB aside from its high price. The price of Good Class Bungalows may entail millions of dollars; this is one of the few disadvantages of GCBs. Another disadvantage is that GCBs are only available to Singaporeans as indicated in their law though some PRs are allowed to buy subject to special approval from LDAU if they are buying larger than 15 Cheap Jeff Skinner Hat ,000 sf. This means that if you are a foreigner your chances of owning a bungalow are low; in addition to that, you can lease bungalows from Singaporeans but you may pay a bit more higher than the usual.


In conclusion, the advantages of owning Good Class Bungalows overly outweigh the disadvantages. A lot of Singaporeans are becoming more and more interested in landed properties not only because of the exclusivity and long tenure Cheap Justin Faulk Hat , but also because it may serve as their investment if they ever want to resell the property. The market for Good Class Bungalows is very unique in a sense that it is able to maintain its stability amidst economic crisis while still maintaining their value.


AC MacGyver is a real estate agency in Singapore, specializing in landed properties & good class bungalows for sale. Contact us for real estate careers or real estate investments.

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