106-year-old bungalow goes up for bidding
POSTED: 02 Jul 2013 7:28 PM
The black and white bungalow at Gallop Road is being up for tender after being vacant for over a decade.
SINGAPORE: A 106-year-old property is being put up for tender after being vacant for over a decade.
The black and white bungalow at Gallop Road used to be the residence of a French Ambassador. The house is now a state building managed by the Singapore Land Authority.
The price for renting this 150,000 square foot property is over S$50,000 a month but property analysts said they don't expect aggressive bids for it.
David Poh, senior director at real estate agency PropNex, said: "Probably, it is launched not at a right time. With such a big plot and quite a high rental when the economy is not really performing that well, I don't foresee a lot of bids for this plot of land."
- CNA/fa
- wong chee tat :)
No comments:
Post a Comment