Koufu Group's family to acquire prestigious Caldecott Hill GCB site for S$58 million
The property was initially publicised through an expression of interest exercise, with an indicative price of S$62.8 million. The S$58 million sale to the Koufu Group family was reportedly brokered by Realstar Premier in April 2025.
The existence of just 2,700 Good Class Bungalows in Singapore's 39 gazetted GCB areas makes these properties particularly prestigious, their status further enhanced by strict planning conditions, partly in place to preserve exclusivity and the low-rise character of these landed houses.
Characterised by a minimum plot size of 1,400 square metres (roughly 15,070 sq ft) among other key qualities, Good Class Bungalows continue to be highly sought after in Singapore's high-end property market, as shown by recent purchases of GCBs in enviable neighbourhoods around the city.
Above Verdant and quiet, Joan Road is an attractive area for affluent residents
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