The Lermit Road GCB is on the market for $137.2 million

, ,

Lumina Grand condo

A top-quality Bungalow located on Lermit Road, off Nassim Road which is on the market for sale with an estimate cost of $137.2 million, as per the press release issued by PropNex Realty, the marketing agent. The property is to be sold via an exclusive treaty sale.

The future is full with exciting new projects for Lumina Grand condo residents, not just in Bukit Batok Town but also in neighboring communities like Hillview.

The GCB is located in the Cluny Park GCB Area, and the home is on a 29,818 sq feet area. This means that the estimated price is an average of $4,600 per square foot on the land. The detached freehold house was built in the 90s and includes a swimming pool, as well as an two-storey structure with parking in the basement.

“Lermit Road” in The Nassim planning sub-zone located in the sought-after District 10 is one of the landed residential enclaves that have been branded with exclusivity and luxury located in Singapore,” says Henry Benjamin Lim Director of the Good class Bungalows and Prestige located at PropNex.

He says there are just 16 detached houses along Lermit Road and transactions for large properties that have land areas of over 16,140 sq ft (1,500 square meters) are extremely rare with just one unit having been sold twice in the past 30 years.

This means that the GCB to be sold is an exceptional chance for ultra-high net worth individuals to buy a substantial freehold property located in Singapore’s top sought after neighbourhoods Lim says. Lim. “In recent times, a number of GCBs located nearby on Nassim Road have fetched more than $200 million to $100 million each, indicating the worth and popularity of these properties in the eyes of savvy buyers,” he says.

The GCB located at Lermit Road is close to the Singapore Botanic Gardens as and Napier MRT station on the Thomson-East Coast Line. The site is located near the Dempsey Road lifestyle area, Tanglin Mall, Gleneagles Medical Centre and Hospital and Napier Road.