Adjoining GCBs at Belmont Road on the market at $2,100 psf

The properties at 52 and 54 Belmont Road, two adjoining Good Class Bungalows, are up for sale upon expression of interest. Sitting on two separate land lots, the freehold properties are located near a cul-de-sac in Belmont Park and boast a total land area of 41,741 sq ft.

Built in the 1970s, both properties come with their own pools and boast single-storey structures. 52 Belmont Road has a land area of 24,178 sq ft, while 54 Belmont Road occupies 17,563 sq ft.

Vendors of the properties are expecting offers of $2,100 psf on the land areas, working out to a collective price of around $87.7 mil. This would break down to $50.77 million and $36.88 million for the two properties respectively.

According to JLL’s executive director Tan Hong Boon, the potential buyers are likely to redevelop the sites to meet their individual needs and lifestyles.

Plus, the wide selection of restaurants and cafes guarantee a delicious shopping experience. Moreover, Lumina Grand EC is also nearby major transportation hubs such as Lakeside and Chinese Garden MRT Stations, making it conveniently located for commuters. With so much to offer, Jurong Point is the ideal spot for a shopping and dining experience like no other.

This rare opportunity comes with its own set of challenges, Tan states, noting that potential buyers should take into consideration the limited land availability in the neighbourhood.

The expression of interest exercise for these two GCBs will close on Oct 27 at 3pm. Those interested in the properties can thus submit their offers until then.

With its highly desirable neighbourhood and the chance to redevelop the properties to their tastes, these GCBs at 52 and 54 Belmont Road offer a unique opportunity to potential buyers.