Agent.sg / Property news / Belmont Rd GCB in 3rd stab at mortgagee sale with price shaved again to S$39m

Belmont Rd GCB in 3rd stab at mortgagee sale with price shaved again to S$39m

A GOOD class bungalow (GCB) at 80 Belmont Road, owned by The Stratech Group's Chew family, will be relaunched for auction next week with a lower guide price of S$39 million, marketing agent Knight Frank Singapore said on Thursday.

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The auction will be held on Sept 18 at 2.30pm at Amara Hotel, Level 3.

Belmont Rd GCB in 3rd stab at mortgagee sale with price shaved again to S$39m

The new guide price works out to S$1,444 per square foot (psf) based on 27,000 square feet (sq ft) in land area.

This will be the third attempt to sell the freehold property. It failed to sell at the first auction in July with a S$42 million guide price, or S$1,556 psf. It was later relaunched via private treaty in August at S$40.8 million, or about S$1,511 psf.

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