The Singapore luxury property market continues to draw serious attention in 2025, especially within the exclusive Good Class Bungalow (GCB) segment. While the broader Singapore property market has had its fluctuations, GCBs remain in high demand, especially among high-net-worth individuals (HNWIs) looking for long-term security, privacy, and prestige.
Stability and Opportunity in an Uncertain World
Despite global financial uncertainty—exacerbated by new US tariffs and international market volatility—Singapore’s real estate market stands out for its resilience. Investors and affluent families continue to choose Singapore for its stability, and many see prime residential property here as a hedge against global risks.
In 2024, the GCB market recorded 22 transactions totalling S$1 billion, nearly doubling the numbers from 2023. Prime properties in areas like Tanglin Hill, Nassim Road, and Leedon Park set new benchmarks, with prices hitting up to S$6,200 per square foot. These are clear signs that confidence in the Singapore luxury housing market remains strong.
What Makes GCBs a Smart Buy in 2025?
1. Scarcity and Exclusivity
GCBs are the pinnacle of landed property in Singapore. With strict planning rules and a minimum plot size of 15,070 square feet, there is an extremely limited supply. Only Singapore citizens can typically purchase these homes, adding to their exclusivity. For those looking for freehold property with long-term appreciation potential, GCBs are unmatched.
2. Changing Buyer Profiles
The rise of family offices, new citizens, and crypto-wealthy individuals has shifted the buyer landscape. Many are not just investing—they’re establishing roots. These buyers are seeking luxury homes in prime GCB areas, often to raise families and secure permanent residence in Singapore.
3. Long-Term Value and Investment Potential
Even with a slower price increase—just 0.9% in 2024 compared to 8% in 2023—GCBs continue to perform well. Notable sales, like the record-setting S$94 million Tanglin Hill transaction, are helping set new pricing standards across the market. For anyone exploring high-end property investment in Singapore, now is a window of opportunity.
What This Means for Sellers and Buyers
If you’re a homeowner considering selling your GCB, the current market climate might be ideal. With growing interest from serious buyers and limited inventory, now is the time to position your property for maximum value. Renovated or well-located GCBs are especially attractive in today’s market.
Buyers, on the other hand, should view this as a moment to secure a valuable asset before further appreciation. Good Class Bungalows represent a rare blend of lifestyle, space, and scarcity that is hard to find anywhere else in Asia.
Let’s Talk About Your Real Estate Plans
Whether you’re buying or selling a Good Class Bungalow in Singapore, I’m here to provide insight, strategy, and support every step of the way.
Call or WhatsApp me at 8826 3821
Email: dominic.choa93@gmail.com
I’m Dominic Choa from Dominic Choa Real Estate. Let’s connect and explore how we can make your next property move a smart and successful one.
