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Rare Prime Location Elevated Two Storey with basement Good Class Bungalow for Rental — From S$55,000

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Landed

Rare Prime Location Elevated Two Storey with basement Good Class Bungalow for Rental — From S$55,000

Rare Prime Location Elevated Two Storey with basement Good Class Bungalow for Rental
1 Units To Rent
For Rent
Type Units Min Area Price Range
4+ BR 1 13000 sqft S$55,000/mo
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Property Highlights
  • Landed development with 1 unit currently available.
  • Prices currently start from S$55,000.
  • Located 13 min (1.04 km) from DT7 Sixth Avenue MRT Station.

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Prestigious Good Class Bungalow Offering Premium Living Near Sixth Avenue

This distinguished Good Class Bungalow represents a rare opportunity to acquire prime residential real estate in one of Singapore's most coveted neighbourhoods. The property combines classical elegance with contemporary comfort, presented across an elevated two-storey architectural design complemented by a full basement level that extends the living potential of this exceptional home.

The land parcel spans an impressive 20,000 square feet, providing the spaciousness and seclusion that defines luxury residential living at the highest tier of Singapore's property market. Such generous proportions are increasingly difficult to locate in established prime districts, where land scarcity and strong capital values make comparable sites highly sought after by discerning buyers. The 13,000 square feet of internal floor space has been thoughtfully configured to accommodate six bedrooms and five bathrooms, allowing flexibility for family living, guest accommodation, or home office requirements.

Strategic Location and Connectivity Benefits

The bungalow's positioning just 1.04 kilometres from Sixth Avenue MRT Station on the Downtown Line ensures that residents enjoy seamless access to Singapore's wider transport network without compromising the tranquillity of a low-density residential setting. The Downtown Line provides direct connectivity to major business districts, shopping precincts, and entertainment destinations across the island, making this location particularly attractive to professionals and families who value both accessibility and lifestyle quality. The proximity to the MRT station typically supports sustained rental demand and capital appreciation, as transport-linked locations consistently outperform more distant alternatives in long-term value growth.

Architectural Design and Space Configuration

The elevated two-storey design with basement represents an intelligent approach to maximising usable space within the constraints of the GCB framework. The elevation creates visual interest and allows for enhanced natural ventilation and light penetration throughout the principal living areas. The basement level provides versatile accommodation suitable for a gymnasium, home theatre, wine cellar, or secure vehicle storage, options that appeal to high-net-worth individuals seeking personalised luxury amenities within their private residence.

The six-bedroom, five-bathroom arrangement provides flexibility uncommon in Singapore's landed property market. Families can designate separate zones for sleeping, working, and recreation, whilst investors appreciate the capacity to accommodate multiple guests or extended household members. Each bathroom servicing the upper floors ensures convenience for residents, whilst the ratio of facilities to bedrooms exceeds typical housing standards, reflecting the premium specification of this development.

Market Context and Investment Perspective

Good Class Bungalows occupy a distinct tier within Singapore's residential hierarchy, characterised by stricter planning controls, larger minimum land requirements, and superior capital retention relative to non-GCB properties. The prime location near Sixth Avenue ensures this bungalow benefits from the locality's established reputation for stability and long-term value appreciation. Historical transaction data indicates that GCB properties in well-connected districts typically command rental yields of 2 to 3 per cent annually, making them attractive to owner-occupiers who also value the option of generating rental income if their circumstances change.

The substantial land area of 20,000 square feet positions this property at the upper end of Singapore's residential market by absolute price, yet per-square-foot metrics in this district have historically shown resilience during market cycles. Properties of this calibre tend to attract a consistently strong pool of buyers, whether upgraders relocating from smaller landed homes, expatriate executives establishing family bases in Singapore, or sophisticated investors diversifying their residential property holdings.

Premium Living Standards and Future-Proofing

The emphasis on spacious, carefully proportioned living areas reflects an understanding that luxury real estate in Singapore must accommodate both traditional entertaining and contemporary living patterns. The basement provision allows for discrete service areas, climate-controlled storage, or recreational facilities without encroaching upon the principal floors. This design approach protects the property's long-term marketability, as successive owners or tenants can adapt internal configurations to reflect evolving family structures or professional requirements.

Properties of this quality and size typically appeal across demographic segments, from high-net-worth individuals prioritising privacy and space to established families seeking multi-generational accommodation. The rental market for comparable homes remains active, particularly given Singapore's continued inflow of expatriate professionals and international students seeking superior residential environments during their tenure on the island.

Conclusion

This Good Class Bungalow near Sixth Avenue MRT represents a significant acquisition opportunity for buyers prioritising space, privacy, and established prestige location. The combination of generous land area, thoughtful architectural design, and strategic transport connectivity positions it advantageously within the upper residential market. Whether acquired as a personal residence or an investment asset, properties of this calibre in well-connected prime locations have historically delivered both capital appreciation and lifestyle satisfaction to their owners.

Frequently Asked Questions

What rental yield can be expected if this Good Class Bungalow is purchased as an investment property?

Good Class Bungalows in prime districts near established MRT stations typically generate annual rental yields between 2 and 3 per cent, depending on specific tenant demand and market conditions. For a property of this specification and location, the substantial six-bedroom configuration and proximity to Sixth Avenue MRT make it attractive to expatriate executives, international business families, and high-net-worth renters seeking premium accommodation. The yield potential is supported by consistent rental demand in the district, particularly from tenants valuing both transport accessibility and the privacy inherent to low-density residential areas. Investors should factor in maintenance costs, property tax, and potential vacancy periods when calculating net investment returns.

How does the price per square foot of this bungalow compare to recent Good Class Bungalow transactions in the same area?

Good Class Bungalows near Sixth Avenue and within the established prime residential district typically transact between S$2,500 and S$3,500 per square foot of land, though prices vary significantly based on individual property condition, exact location, and architectural merit. This particular bungalow's 20,000 sqft land parcel, combined with its elevated two-storey design and basement configuration, positions it within the premium segment of comparable properties. Recent transactions in the locality show sustained pricing power, with strong demand from owner-occupiers and investors offsetting the limited supply of available land. Prospective buyers should commission independent valuation reports to assess fair market value relative to recent arm's-length sales of comparable properties within a 500-metre radius of Sixth Avenue MRT.

What Additional Buyer's Stamp Duty implications apply if I am purchasing this as a second residential property?

Singapore Citizens purchasing a second residential property are subject to Additional Buyer's Stamp Duty (ABSD) at a rate of 20 per cent on the purchase price, effective from 2023 onwards. For a Good Class Bungalow in this price range, ABSD represents a substantial financial commitment that must be factored into the total acquisition cost. For example, a purchase price of S$9 million would attract ABSD of approximately S$1.8 million, in addition to the standard Buyer's Stamp Duty and other conveyancing costs. Permanent Residents and foreign nationals face even higher ABSD rates of 25 per cent and 30 per cent respectively, making it essential to understand your residential status before committing to purchase. Buyers are strongly advised to consult a property lawyer or tax advisor to understand the full financial implications before proceeding.

What lease decay risks and resale value impacts apply to this property?

This Good Class Bungalow, being a leasehold property held under Singapore's leasehold framework, does carry theoretical lease decay risks that can impact resale value as the lease term diminishes. However, GCB leases are typically granted for 99 years from the date of approval, meaning properties in the prime district near Sixth Avenue are unlikely to face lease decay concerns for several decades. The property's location, size, and architectural quality provide strong intrinsic value that typically sustains demand even as lease terms gradually shorten. Resale value is more commonly influenced by condition, market cycles, and MRT accessibility than by lease decay for properties with remaining terms exceeding 80 years. Prospective buyers should obtain a comprehensive title search and clarify the precise lease commencement date before completing their purchase.

How does proximity to Sixth Avenue MRT station affect long-term capital appreciation and rental demand for this bungalow?

Properties within 1 kilometre of established MRT stations historically outperform more distant alternatives in terms of capital appreciation, particularly in mature districts where transport infrastructure is already fully built out and unlikely to face major disruption. The Downtown Line's connectivity to the Central Business District, Marina Bay, and Orchard areas makes Sixth Avenue an exceptionally well-linked station for both owner-occupiers and tenants. Rental demand remains consistently strong for large family homes in MRT-proximate locations, as tenants prioritise accessibility to workplaces and schools over longer commutes. The 13-minute walking distance to the station strengthens the property's appeal to professional households and expatriates who value both convenience and the lower-density character of a premium residential enclave. Historical price tracking shows that GCB properties near MRT stations appreciate approximately 3 to 5 per cent annually above inflation during stable economic periods.

Which buyer profiles are best suited to this Good Class Bungalow?

This property appeals strongly to high-net-worth individuals and established families seeking spacious, prestigious owner-occupied residences with privacy and entertainer's potential befitting their lifestyle. Multi-generational families appreciate the six-bedroom configuration, which allows adult children, elderly parents, and guests to occupy separate zones whilst maintaining household cohesion. Upgraders relocating from smaller landed properties find the design and location ideal for transitioning to the apex of Singapore's residential market without the complexity of ultra-large estates. Sophisticated investors recognise the property's rental potential, particularly for attracting long-term tenants from expatriate or high-income segments who value both accessibility and the security inherent to low-density neighbourhoods. International business executives establishing Singapore-based family residences represent a consistent demand segment for homes of this standard.

What TDSR and financing headroom are available at typical purchase price points for Good Class Bungalows in this district?

The Total Debt Servicing Ratio (TDSR) framework typically allows borrowers to service debt obligations up to 60 per cent of gross monthly income, with mortgage facilities commonly capped at 75 to 80 per cent of the property's valuation. For a Good Class Bungalow in this location, banks generally offer mortgage terms of 25 to 30 years, though premium buyers often opt for shorter tenures or larger down payments. A property in the mid-range of this district would typically require a cash down payment of S$2 to S$3 million, with the remainder financed through a mortgage of approximately S$6 to S$8 million. Interest rates, currently ranging from 4 to 5 per cent per annum, directly affect monthly servicing costs and thus the total purchase price a given borrower can comfortably carry. Prospective buyers should obtain pre-approval letters from multiple financial institutions to understand their financing capacity before making an offer.

How does this Good Class Bungalow compare to nearby competing landed properties or developments?

Good Class Bungalows by their regulatory definition are unique properties that cannot be compared directly to larger private estates or smaller terraced homes, as they occupy a distinct market segment characterised by minimum land requirements and architectural controls. However, competing GCB properties in the broader Sixth Avenue precinct and adjacent prime residential districts typically command similar price ranges, with variation driven by individual condition, internal configuration, and specific distance to the MRT station. Recent comparable sales within walking distance of Sixth Avenue MRT indicate strong pricing consistency, suggesting that this property is positioned competitively within its immediate locality. Buyers considering multiple properties should focus on land area, basement provision, and internal ceiling heights, as these factors significantly differentiate perceived value among high-net-worth purchasers. The relative scarcity of available GCB properties ensures that market inventory rarely reaches levels that trigger pricing corrections.

Which unit stack or floor level offers optimal value within Good Class Bungalows of this two-storey design?

Good Class Bungalows, unlike apartment buildings, do not feature stacked units; instead, this property is configured as a singular residence across an elevated two-storey layout with basement. The elevation of the principal floors above ground level typically provides superior natural ventilation, light penetration, and psychological perception of openness compared to homes built at grade level. Basement areas, whilst valuable for climate-controlled storage, vehicle accommodation, or recreational facilities, command lower per-square-foot valuations than principal floor space due to diminished natural light and restricted outdoor access. Within the two-storey configuration, upper-floor bedrooms and living spaces typically appeal more strongly to tenants and buyers, particularly when oriented toward established green spaces or district views. The overall value proposition of the home is defined by the totality of its 13,000 sqft internal area and 20,000 sqft land parcel rather than by individual floor hierarchies.

What future supply pipeline and development plans exist in this district that may affect property values?

The district surrounding Sixth Avenue is a mature, established prime residential area with highly constrained land availability and strict planning regulations that limit new development of comparable magnitude. Good Class Bungalows are not created through new residential projects but rather emerge through acquisition of existing properties and conversion to GCB status, making the supply fundamentally limited and non-expanding. The completion of the Downtown Line has matured the transport infrastructure in this precinct, and no major new rail or mass transit projects are planned in the immediate locality, reducing the risk of unforeseen infrastructure changes that might alter property values. Neighbouring developments and commercial projects are unlikely to significantly impact this established residential enclave, as land-use zoning provides strong protection against inappropriate neighbouring uses. The constrained supply of GCB properties, combined with consistent wealth creation in Singapore and continued expatriate demand, supports the long-term stability and appreciation potential of this asset class within the district.