Residential GCB at Swettenham Road selling at $23.52 million A good class bungalow (GCB) at Swettenham Road is asking for $23.52 million or $1,543 psf based on the freehold land area of 15,293.53 sq ft. According to market experts, this value is lower than the seller’s previous asking price of $30 million about nine months ago. Data that was compiled by CBRE showed that in 2014, 28 bungalows totalling $626.14 million changed hands in GCB areas. This amount was lower than the $682 million that was amassed from the sale of 29 bungalows in the same area in 2013; and it was also significantly lower than the $1.17 billion that was transacted from the sale of 54 bungalows in 2012. The average price per GCB transaction fell by 5 percent to $22.36 million from 2013 to 2014, said CBRE. KH Tan from Newsman Realty ......