Total sales of Good Class Bungalows (GCBs) in Singapore this year have reached their highest number ever at S$1.85 billion (US$1.42 billion), up 7.3 per cent from the S$1.72 billion (US$1.32 billion) in sales in all of 2009.Year-to-date there have been 101 GCB transactions – there were 109 deals in 2009 and 119 deals in 2006. Prices for GCB sales have more than has doubled from S$501 (US$384) psf on land area in 2006 to S$1,056 (US$810) psf for 2010 so far. The average GCB transaction size has also grown from S$10.3 million (US$7.9 million) in 2006 to S$18.3 million (US$14.03 million) so far this year, up 15.8 per cent from 2009. Full story
