When it comes to owning residential property in Singapore, nothing beats the prestige and eye-watering prices that come with calling a Good Class Bungalow (GCB) your home.
There are 39 gazetted GCB areas islandwide, from prime estates like Nassim Road and Raffles Park to Ridout Park and Chatsworth Park.
More desirable than some of the ultra-luxury condos along Ardmore Park and Orchard Boulevard, there is a fascination among many Singaporeans to hear about the multi-million-dollar transactions paid to own these prime landed homes.
We've compiled a list of the 10 largest GCB deals that have been recorded over the past decade. However, this is not a complete list. Some GCB deals have been reported in the news but are not found among URA's publicly available transaction records.
Nevertheless, the recorded transactions offer us a glimpse into this top-tier segment of the residential market. Starting with the sale of 24 Peirce Road, where a buyer paid $148 million for that GCB in December 2025.
It is the most expensive single-house transaction recorded to date in Singapore's URA caveat records, which date back to 1995.
To put that sky-high price into perspective, $10 million is a comfortable budget that would enable you to buy a very expensive landed home in Singapore. Yet at the very top of the market, even that amount is relatively modest.
While the $148 million transaction made headlines, it wasn't the only remarkable sum paid for a GCB. We examined 395 detached-house transactions within Singapore's gazetted GCB Areas between October 2016 and early October 2026 to see just how much buyers have been willing to spend on these prestigious homes.
Here are the 10 most expensive deals we found over the past decade.
1. 24 Peirce Road: S$148 million (December 2025)
The property sits on a massive 80,448 sq ft freehold plot in the Ridout Park Good Class Bungalow Area, and the entire site is more than five times the minimum land size required for a GCB.
At around S$1,840 psf, however, it’s actually one of the more affordable transactions on this list when measured in terms of its $psf land price. Much of its record-breaking price tag comes down to the sheer size of the land, rather than an exceptionally high price per square foot.
2. 30 Nassim Road: S$128.8 million (March 2021)
This GCB sits on a 32,160 sq ft plot of freehold land in the Nassim Road area, and the price translates to roughly $4,005 psf. At the time, it was the highest land rate for a GCB sale.
3. 81 Dalvey Road: S$93.9 million (September 2018)
This house is located on a 52,059 sq ft plot of freehold land in the White House Park area, and the sales price translates to roughly $1,804 psf.
4. 11 Queen Astrid Park: S$86 million (July 2021)
Located in Queen Astrid Park, this GCB sits on a 31,807 sq ft site, and the transacted price works out to roughly $2,704 psf.
Unlike most of the other GCB deals on this list, which come with freehold tenures, this property has a 999-year leasehold tenure that started in 1876. In practice, this is as good as freehold land.
5. 17A Leedon Park: S$73 million (September 2020)
This GCB can be found in the Oei Tiong Ham Park area, and occupies a 44,435 sq ft plot of freehold land. The sales price translates to roughly $1,643 psf.
6. 42 Chancery Lane: S$66.06 million (March 2022)
This property occupies a 34,216 sq ft freehold site in the Bukit Tunggal area, and was sold for roughly $1,931 psf.
7. 3 Bishopsgate: S$65 million (July 2021)
Taking up about 29,435 sq ft of freehold land in the Chatsworth Park area, this GCB changed hands for roughly $2,208 psf.
8. 34C Nassim Road: S$64.9 million (April 2026)
At a price of roughly $4,550 psf on its land cost, this is the highest land rate for any Good Class Bungalow sale of the past ten years.
Notably, this GCB plot is smaller than the 1,400 sq m minimum size that technically classifies as GCB. The property sits on 14,264 sq ft of freehold land in the Nassim Road area.
9. 2 Cluny Hill: S$63.7 million (April 2021)
Turning to the Cluny Hill area, where this 14,844 sq ft site changed hands for roughly $4,291 psf - and is the second-highest land rate for a GCB sale of the decade.
10. 21 Gallop Park and 12 Joan Road: S$58 million each (2025)
There are two deals that tie for tenth position. A GCB at 21 Gallop Park sits on about 16,306 sq ft of freehold land and fetched roughly $3,557 psf when it was sold in January 2025.
Meanwhile, the GCB at 12 Joan Road in the Caldecott Hill Estate area occupies more than twice the land area - about 39,277 sq ft - and transacted for roughly $1,477 psf when it was sold in April 2025.
2021 was a boom year for the Good Class Bungalow market
Four of the ten biggest deals took place in 2021, and that year saw 87 Good Class Bungalow sales, nearly double the next busiest year (46 in 2020). Buying activity has since settled - or at least it has become harder to track GCB deals - with 18 sales in 2023, 23 in 2024, 30 in 2025 and 17 year-to-date.
Land prices are nearly 60% higher compared to 2017
While fewer GCBs have (seemingly) changed hands in recent years, the prices that buyers are willing to pay have continued to climb. In 2017, the median GCB transaction was S$20.6 million. So far in 2026, that figure has risen to S$26.6 million.
The increase is even more noticeable when we look at land prices. Back in 2017, the median was around S$1,310 psf. By 2022, it had reached roughly S$2,000 psf, and has remained around that level since. So far this year, it stands at approximately S$2,065 psf.
Big plots, not the highest land rates, make the biggest cheques
What’s interesting about these transactions is that the most expensive GCBs aren’t necessarily the ones commanding the highest prices per square foot.
At Peirce Road, Dalvey Road and Joan Road, buyers paid enormous sums largely because of the sheer size of the land. In fact, all three transactions worked out to less than S$1,900 psf.
It’s a different story at Nassim Road and Cluny Hill, where buyers were willing to pay upwards of S$4,000 psf for smaller plots in some of Singapore’s most exclusive addresses.
And here’s something else that stood out: half of all GCB transactions over the past decade involved plots smaller than 1,400 sqm (15,070 sq ft), the usual minimum land size for a GCB.
How we selected these transactions
We looked at URA caveats for detached houses sold between October 2016 and early October 2026, focusing on properties within Singapore’s 39 gazetted Good Class Bungalow Areas.
Only transactions involving a single house were included. For example, the S$218 million sale of 14 and 14A Nassim Road in 2018 was excluded because it involved two houses.
It’s also worth noting that URA caveats don’t identify buyers or sellers, and not every property transaction is caveated. As such, this list reflects the biggest single-house deals recorded in URA’s data, rather than necessarily every GCB sale over the past decade.
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