Watching Crazy Rich Asians may give you a glimpse of Good Class Bungalows owned by the Youngs and the Gohs. While the settings were filmed mostly across the border to Malaysia, the film presents the lives of Singapore’s top 1%: the tycoons, the business moguls, and other notable personalities in the country.
These ultra-rare estates are comparable to the celebrity mansions in the West, and can span over 1,400 square meters. Owning land in Singapore is a privilege, but owning a Good Class Bungalow is a luxury reserved for the richest of the rich.
A Good Class Bungalow, or GCB, is a type of landed housing property that belongs to some of the most exclusive real estate properties in Singapore. Given their high-profile quality, Good Class Bungalows are mostly exclusive to residents of high social standing. Think Nick Young instead of Rachel Chu.
Additionally, the name “good class” was most likely created to differentiate the property from other similar yet smaller bungalow plots. In this article, we’ll discuss a handful of unique features of the luxury residential property and some renovation ideas when revamping one.
Singaporean residents can generally buy the property type without any restrictions or impositions from the government, but the price for a decent Good Class Bungalow may set you back a fortune just below the total market value of Qoo10 (valued at $60 Million).
While anyone can purchase a Good Class Bungalow, only less than 1% of Singaporean citizens can afford to buy one, with the average price ranging from $36 Million to over $100 Million. A square foot of the property can cost upwards of $2,000, spanning its 1,400 minimum required square meters to be considered a Good Class Bungalow.
A foreigner or a Singapore Permanent Resident (SPR) can buy a GCB in the country with several guidelines and limitations. One notable limitation is that the land area of the property must not exceed 1,393.5 sq metres or 15,000 sq feet.
A handful of GCB’s in Singapore are owned by business tycoons from Malaysia, or chaebol from Korean descent. Chinese e-Commerce pioneer Jack Ma is reported to own a GCB in Victoria Park Close, as well as British billionaire James Dyson, who purchased a property in Cluny Road with a clear view of the Botanic Gardens.
Colonial contemporary - Since most GCBs come in colonial architectural styles, one of the most common renovation ideas is mixing it with a contemporary touch. Walls can be repainted with warmer, brighter colors and adding in new modern fixtures, all while preserving the old-world charm of the house by retaining old furniture and ceiling fixtures.
Examples of colonial contemporary homes can be found near the Botanic Gardens, where the greenery and Renaissance feel of the area allows for European-styled renovations to blend into the overall aesthetic of the location. Many GCB owners tend to design their homes like they were lifted from a scene from Bridgerton.
Ultra-modern - Out with the old, in with the new. An ultra-modern renovation strips away any of a GCB’s antiquated design styles and replaces them with a completely updated take on modern home design. This includes state-of-the-art fixtures, louder colors and even a new-fashioned home facade.
Younger tycoons, tech giants, and modern-day billionaires typically go for a modern aesthetic in renovating their GCB, which may include geometric designs, wooden materials, and concrete feel for the modern urban environment.
Inspired by nature - Nature-driven design themes are another popular way of revamping a GCB. This involves restructuring much of the property’s interiors and fixtures to resemble that of a tree or any nature-driving element.
As GCB properties are far from the bustling city life, a substantial number of bungalow owners prefer to fashion their GCB with elements of nature, bringing together a blend of urban and rural greenery while maintaining the class of their home.
Following Feng Shui - A number of GCB properties follow Feng Shui practices to decide their renovations, with the majority of GCB owners in Singapore placing full belief in the balance of chakras as well as the positioning of home fixtures in accordance to the lucky faces.
Like most Singaporean homes, GCB homeowners tend to follow proper Feng Shui, believing that the placement and positioning of their home and furniture matters in bringing luck into the home. However, unlike the average homeowner, GCB owners would typically hire a well-known Feng Shui expert for consulting.
High-tech House Functions - In the modern, technologically-advanced era that we have, GCB owners have started to incorporate high-tech house functions into their properties. These functions include water treatment facilities, air quality circulation systems, and energy-optimizing systems.
Many GCB properties have digital home assistance systems, which are much more advanced than the usual Siri or Alexa. These smart home assistance systems provide information to the homeowner about the status of their home, and include a control pad for home functions that the homeowner can operate from their phones.
If you’re eyeing a GCB as your next home or property, prepare to pay a hefty price tag depending on your location, area, and availability. However the expenditures don’t end there — the most exclusive and high-profile GCBs can go as high as a whopping S$100 million to S$230 million in the real estate market, especially with the renovations and construction work that come with customizing your home.
Whether you’re planning a minor or major update on your property, we at ColeBuild can help you make the whole process easier and more efficient by planning better, pricing better, and building better. Contact us today for a free quotation!